Aberdeen Global Dynamic Fund Volatility

AGD Fund  USD 9.71  0.07  0.73%   
We consider Aberdeen Global very steady. Aberdeen Global Dynamic secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Aberdeen Global Dynamic, which you can use to evaluate the volatility of the entity. Please confirm Aberdeen Global's mean deviation of 0.5577, and Risk Adjusted Performance of 0.0756 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Key indicators related to Aberdeen Global's volatility include:
30 Days Market Risk
Chance Of Distress
30 Days Economic Sensitivity
Aberdeen Global Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Aberdeen daily returns, and it is calculated using variance and standard deviation. We also use Aberdeen's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Aberdeen Global volatility.
  
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Aberdeen Global can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Aberdeen Global at lower prices. For example, an investor can purchase Aberdeen stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Aberdeen Global's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with Aberdeen Fund

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  0.95WRLDX Scharf Global OpportunityPairCorr
  0.93IPSAX Ips Strategic CapitalPairCorr
  0.92VFIAX Vanguard 500 IndexPairCorr
  0.91LMUSX Qs Us LargePairCorr

Moving against Aberdeen Fund

  0.5CSCO Cisco Systems Fiscal Quarter End 30th of April 2024 PairCorr

Aberdeen Global Market Sensitivity And Downside Risk

Aberdeen Global's beta coefficient measures the volatility of Aberdeen fund compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Aberdeen fund's returns against your selected market. In other words, Aberdeen Global's beta of 1.06 provides an investor with an approximation of how much risk Aberdeen Global fund can potentially add to one of your existing portfolios. Aberdeen Global Dynamic exhibits relatively low volatility with skewness of -0.29 and kurtosis of 0.06. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Aberdeen Global's fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Aberdeen Global's fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Aberdeen Global Dynamic Demand Trend
Check current 90 days Aberdeen Global correlation with market (NYSE Composite)

Aberdeen Beta

    
  1.06  
Aberdeen standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  0.72  
It is essential to understand the difference between upside risk (as represented by Aberdeen Global's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Aberdeen Global's daily returns or price. Since the actual investment returns on holding a position in aberdeen fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Aberdeen Global.

Aberdeen Global Dynamic Fund Volatility Analysis

Volatility refers to the frequency at which Aberdeen Global fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Aberdeen Global's price changes. Investors will then calculate the volatility of Aberdeen Global's fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Aberdeen Global's volatility:

Historical Volatility

This type of fund volatility measures Aberdeen Global's fluctuations based on previous trends. It's commonly used to predict Aberdeen Global's future behavior based on its past. However, it cannot conclusively determine the future direction of the fund.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Aberdeen Global's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Aberdeen Global's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Aberdeen Global Dynamic Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.

Aberdeen Global Projected Return Density Against Market

Considering the 90-day investment horizon the fund has the beta coefficient of 1.0576 . This suggests Aberdeen Global Dynamic market returns are highly-sensitive to returns on the market. As the market goes up or down, Aberdeen Global is expected to follow.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Aberdeen Global or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Aberdeen Global's price will be affected by overall fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Aberdeen fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Aberdeen Global Dynamic has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Predicted Return Density   
       Returns  
Aberdeen Global's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how aberdeen fund's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives an Aberdeen Global Price Volatility?

Several factors can influence a fund's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Aberdeen Global Fund Risk Measures

Considering the 90-day investment horizon the coefficient of variation of Aberdeen Global is 660.0. The daily returns are distributed with a variance of 0.52 and standard deviation of 0.72. The mean deviation of Aberdeen Global Dynamic is currently at 0.56. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.56
α
Alpha over NYSE Composite
-0.05
β
Beta against NYSE Composite1.06
σ
Overall volatility
0.72
Ir
Information ratio -0.06

Aberdeen Global Fund Return Volatility

Aberdeen Global historical daily return volatility represents how much of Aberdeen Global fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund has volatility of 0.7192% on return distribution over 90 days investment horizon. By contrast, NYSE Composite accepts 0.573% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About Aberdeen Global Volatility

Volatility is a rate at which the price of Aberdeen Global or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Aberdeen Global may increase or decrease. In other words, similar to Aberdeen's beta indicator, it measures the risk of Aberdeen Global and helps estimate the fluctuations that may happen in a short period of time. So if prices of Aberdeen Global fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. Abrdn Global Dynamic Dividend Fund was formed on May 11, 2006 and is domiciled in the United States. Abrdn Global is traded on New York Stock Exchange in the United States.
Aberdeen Global's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Aberdeen Fund over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Aberdeen Global's price varies over time.

3 ways to utilize Aberdeen Global's volatility to invest better

Higher Aberdeen Global's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Aberdeen Global Dynamic fund is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Aberdeen Global Dynamic fund volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Aberdeen Global Dynamic investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in Aberdeen Global's fund can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of Aberdeen Global's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

Aberdeen Global Investment Opportunity

Aberdeen Global Dynamic has a volatility of 0.72 and is 1.26 times more volatile than NYSE Composite. Compared to the overall equity markets, volatility of historical daily returns of Aberdeen Global Dynamic is lower than 6 percent of all global equities and portfolios over the last 90 days. You can use Aberdeen Global Dynamic to enhance the returns of your portfolios. The fund experiences a moderate upward volatility. Check odds of Aberdeen Global to be traded at $10.68 in 90 days.

Very poor diversification

The correlation between Aberdeen Global Dynamic and NYA is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global Dynamic and NYA in the same portfolio, assuming nothing else is changed.

Aberdeen Global Additional Risk Indicators

The analysis of Aberdeen Global's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Aberdeen Global's investment and either accepting that risk or mitigating it. Along with some common measures of Aberdeen Global fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Aberdeen Global Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Aberdeen Global as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Aberdeen Global's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Aberdeen Global's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Aberdeen Global Dynamic.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aberdeen Global Dynamic. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Aberdeen Global Dynamic information on this page should be used as a complementary analysis to other Aberdeen Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Aberdeen Global's price analysis, check to measure Aberdeen Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aberdeen Global is operating at the current time. Most of Aberdeen Global's value examination focuses on studying past and present price action to predict the probability of Aberdeen Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aberdeen Global's price. Additionally, you may evaluate how the addition of Aberdeen Global to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Aberdeen Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aberdeen Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aberdeen Global'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.