Aberdeen Australia Ef Fund Market Value
| IAF Fund | USD 4.56 0.04 0.88% |
| Symbol | Aberdeen |
Aberdeen Australia '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 Australia'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 Aberdeen Australia.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Aberdeen Australia on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Aberdeen Australia Ef or generate 0.0% return on investment in Aberdeen Australia over 720 days. Aberdeen Australia is related to or competes with Tekla Healthcare, Tekla Life, Cohen Steers, XAI Octagon, Tekla World, Royce Value, and John Hancock. Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investmen... More
Aberdeen Australia 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 Australia'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 Aberdeen Australia Ef upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9165 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.24 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.86 |
Aberdeen Australia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen Australia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen Australia's standard deviation. In reality, there are many statistical measures that can use Aberdeen Australia historical prices to predict the future Aberdeen Australia's volatility.| Risk Adjusted Performance | 0.0569 | |||
| Jensen Alpha | 0.0057 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1414 |
Aberdeen Australia Backtested Returns
At this point, Aberdeen Australia is not too volatile. Aberdeen Australia secures Sharpe Ratio (or Efficiency) of 0.09, which signifies that the fund had a 0.09% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Aberdeen Australia Ef, which you can use to evaluate the volatility of the entity. Please confirm Aberdeen Australia's risk adjusted performance of 0.0569, and Mean Deviation of 0.7362 to double-check if the risk estimate we provide is consistent with the expected return of 0.0853%. The fund shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aberdeen Australia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aberdeen Australia is expected to be smaller as well.
Auto-correlation | -0.61 |
Very good reverse predictability
Aberdeen Australia Ef has very good reverse predictability. Overlapping area represents the amount of predictability between Aberdeen Australia time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Australia price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Aberdeen Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Aberdeen Australia lagged returns against current returns
Autocorrelation, which is Aberdeen Australia 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 Australia's fund expected returns. We can calculate the autocorrelation of Aberdeen Australia returns to help us make a trade decision. For example, suppose you find that Aberdeen Australia 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 |
Aberdeen Australia 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 Australia fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Australia fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aberdeen Australia fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen Australia Lagged Returns
When evaluating Aberdeen Australia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen Australia fund have on its future price. Aberdeen Australia 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 Australia autocorrelation shows the relationship between Aberdeen Australia fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Australia Ef.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aberdeen Fund
Aberdeen Australia financial ratios help investors to determine whether Aberdeen 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 Aberdeen with respect to the benefits of owning Aberdeen Australia security.
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |