Abrdn Physical Precious Etf Market Value
| GLTR Etf | USD 100.99 3.07 2.95% |
| Symbol | Abrdn |
The market value of abrdn Physical Precious is measured differently than its book value, which is the value of Abrdn that is recorded on the company's balance sheet. Investors also form their own opinion of Abrdn Physical's value that differs from its market value or its book value, called intrinsic value, which is Abrdn Physical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Abrdn Physical's market value can be influenced by many factors that don't directly affect Abrdn Physical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Abrdn Physical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Abrdn Physical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abrdn Physical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Abrdn Physical '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 Abrdn Physical's etf 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 Abrdn Physical.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Abrdn Physical on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding abrdn Physical Precious or generate 0.0% return on investment in Abrdn Physical over 720 days. Abrdn Physical is related to or competes with Abrdn Physical, Abrdn Physical, Abrdn Physical, Abrdn Physical, and SPDR SP. The Shares are intended to offer investors an opportunity to participate in the gold, silver, platinum and palladium mar... More
Abrdn Physical 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 Abrdn Physical's etf 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 abrdn Physical Precious upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.947 | |||
| Information Ratio | 0.1283 | |||
| Maximum Drawdown | 3.43 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.84 |
Abrdn Physical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abrdn Physical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abrdn Physical's standard deviation. In reality, there are many statistical measures that can use Abrdn Physical historical prices to predict the future Abrdn Physical's volatility.| Risk Adjusted Performance | 0.137 | |||
| Jensen Alpha | 0.1721 | |||
| Total Risk Alpha | 0.0788 | |||
| Sortino Ratio | 0.1375 | |||
| Treynor Ratio | 0.4444 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Abrdn Physical'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.
abrdn Physical Precious Backtested Returns
Abrdn Physical appears to be very steady, given 3 months investment horizon. abrdn Physical Precious secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the etf had a 0.23% return per unit of risk over the last 3 months. We have found thirty technical indicators for abrdn Physical Precious, which you can use to evaluate the volatility of the entity. Please makes use of Abrdn Physical's Semi Deviation of 0.7139, downside deviation of 0.947, and Risk Adjusted Performance of 0.137 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Abrdn Physical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Abrdn Physical is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
abrdn Physical Precious has good predictability. Overlapping area represents the amount of predictability between Abrdn Physical time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 abrdn Physical Precious price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Abrdn Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 18.31 |
abrdn Physical Precious lagged returns against current returns
Autocorrelation, which is Abrdn Physical etf'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 Abrdn Physical's etf expected returns. We can calculate the autocorrelation of Abrdn Physical returns to help us make a trade decision. For example, suppose you find that Abrdn Physical has exhibited high autocorrelation historically, and you observe that the etf 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 |
Abrdn Physical 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 Abrdn Physical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abrdn Physical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abrdn Physical etf over time.
Current vs Lagged Prices |
| Timeline |
Abrdn Physical Lagged Returns
When evaluating Abrdn Physical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abrdn Physical etf have on its future price. Abrdn Physical 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, Abrdn Physical autocorrelation shows the relationship between Abrdn Physical etf current value and its past values and can show if there is a momentum factor associated with investing in abrdn Physical Precious.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Abrdn Physical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Abrdn Physical's short interest history, or implied volatility extrapolated from Abrdn Physical options trading.
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Abrdn Physical technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.