Alliancebernstein Global High Fund Market Value

AWF Fund  USD 11.08  0.07  0.64%   
Alliancebernstein's market value is the price at which a share of Alliancebernstein trades on a public exchange. It measures the collective expectations of Alliancebernstein Global High investors about its performance. Alliancebernstein is trading at 11.08 as of the 1st of March 2025. This is a 0.64 percent increase since the beginning of the trading day. The fund's lowest day price was 11.01.
With this module, you can estimate the performance of a buy and hold strategy of Alliancebernstein Global High and determine expected loss or profit from investing in Alliancebernstein over a given investment horizon. Check out Alliancebernstein Correlation, Alliancebernstein Volatility and Alliancebernstein Alpha and Beta module to complement your research on Alliancebernstein.
Symbol

Please note, there is a significant difference between Alliancebernstein's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alliancebernstein is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alliancebernstein'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.

Alliancebernstein '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 Alliancebernstein's 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 Alliancebernstein.
0.00
03/12/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/01/2025
0.00
If you would invest  0.00  in Alliancebernstein on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Alliancebernstein Global High or generate 0.0% return on investment in Alliancebernstein over 720 days. Alliancebernstein is related to or competes with Doubleline Yield, Highland Floating, Doubleline Opportunistic, Western Asset, Doubleline Income, Pimco Dynamic, and Neuberger Berman. AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBern... More

Alliancebernstein 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 Alliancebernstein's 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 Alliancebernstein Global High upside and downside potential and time the market with a certain degree of confidence.

Alliancebernstein Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alliancebernstein's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alliancebernstein's standard deviation. In reality, there are many statistical measures that can use Alliancebernstein historical prices to predict the future Alliancebernstein's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alliancebernstein'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.
Hype
Prediction
LowEstimatedHigh
10.6611.0811.50
Details
Intrinsic
Valuation
LowRealHigh
10.5811.0011.42
Details
Naive
Forecast
LowNextHigh
10.7511.1711.59
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.8210.9611.10
Details

Alliancebernstein Backtested Returns

At this point, Alliancebernstein is very steady. Alliancebernstein secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the fund had a 0.1 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alliancebernstein Global High, which you can use to evaluate the volatility of the entity. Please confirm Alliancebernstein's Risk Adjusted Performance of 0.1016, mean deviation of 0.3366, and Downside Deviation of 0.541 to double-check if the risk estimate we provide is consistent with the expected return of 0.0436%. The fund shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alliancebernstein's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alliancebernstein is expected to be smaller as well.

Auto-correlation

    
  0.61  

Good predictability

Alliancebernstein Global High has good predictability. Overlapping area represents the amount of predictability between Alliancebernstein time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alliancebernstein price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Alliancebernstein price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.62
Residual Average0.0
Price Variance0.18

Alliancebernstein lagged returns against current returns

Autocorrelation, which is Alliancebernstein 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 Alliancebernstein's fund expected returns. We can calculate the autocorrelation of Alliancebernstein returns to help us make a trade decision. For example, suppose you find that Alliancebernstein has exhibited high autocorrelation historically, and you observe that the 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  

Alliancebernstein 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 Alliancebernstein fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alliancebernstein fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alliancebernstein fund over time.
   Current vs Lagged Prices   
       Timeline  

Alliancebernstein Lagged Returns

When evaluating Alliancebernstein's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alliancebernstein fund have on its future price. Alliancebernstein 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, Alliancebernstein autocorrelation shows the relationship between Alliancebernstein fund current value and its past values and can show if there is a momentum factor associated with investing in Alliancebernstein Global High.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Alliancebernstein Fund

Alliancebernstein financial ratios help investors to determine whether Alliancebernstein Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alliancebernstein with respect to the benefits of owning Alliancebernstein security.
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios