Aberdeen Eq Long Short Fund Market Value
| GLSRX Fund | USD 5.93 0.11 1.89% |
| Symbol | Aberdeen |
Aberdeen 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Aberdeen's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Aberdeen.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Aberdeen on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Aberdeen Eq Long Short or generate 0.0% return on investment in Aberdeen over 30 days. Aberdeen is related to or competes with Pgim Jennison, Mfs Technology, Allianzgi Technology, T Rowe, Ivy Science, Science Technology, and Columbia Global. The fund invests at least 80 percent of the value of its net assets, plus any borrowings for investment purposes, in equ... More
Aberdeen Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Aberdeen's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Aberdeen Eq Long Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.08 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.38 |
Aberdeen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen's standard deviation. In reality, there are many statistical measures that can use Aberdeen historical prices to predict the future Aberdeen's volatility.| Risk Adjusted Performance | 0.0181 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0098 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aberdeen's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aberdeen Eq Long Backtested Returns
We consider Aberdeen not too volatile. Aberdeen Eq Long secures Sharpe Ratio (or Efficiency) of 0.0357, which signifies that the fund had a 0.0357% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Aberdeen Eq Long Short, which you can use to evaluate the volatility of the entity. Please confirm Aberdeen's mean deviation of 0.8313, and Risk Adjusted Performance of 0.0181 to double-check if the risk estimate we provide is consistent with the expected return of 0.0388%. The fund shows a Beta (market volatility) of 1.41, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aberdeen will likely underperform.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Aberdeen Eq Long Short has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aberdeen time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aberdeen Eq Long price movement. The serial correlation of -0.2 indicates that over 20.0% of current Aberdeen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Aberdeen Eq Long lagged returns against current returns
Autocorrelation, which is Aberdeen mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Aberdeen's mutual fund expected returns. We can calculate the autocorrelation of Aberdeen returns to help us make a trade decision. For example, suppose you find that Aberdeen has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Aberdeen regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Aberdeen mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aberdeen mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen Lagged Returns
When evaluating Aberdeen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen mutual fund have on its future price. Aberdeen autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Aberdeen autocorrelation shows the relationship between Aberdeen mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Eq Long Short.
Regressed Prices |
| Timeline |
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