Aberdeen Japan Equity Fund Market Value
| JEQ Fund | USD 5.73 0.02 0.35% |
| Symbol | Aberdeen |
Aberdeen Japan '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 Japan'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 Japan.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Aberdeen Japan on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Aberdeen Japan Equity or generate 0.0% return on investment in Aberdeen Japan over 180 days. Aberdeen Japan is related to or competes with Jennison Natural, Franklin Natural, Calvert Global, and Firsthand Alternative. Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments Li... More
Aberdeen Japan 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 Japan'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 Japan Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.12 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.41 |
Aberdeen Japan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen Japan's standard deviation. In reality, there are many statistical measures that can use Aberdeen Japan historical prices to predict the future Aberdeen Japan's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aberdeen Japan'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 Japan Equity Backtested Returns
Aberdeen Japan Equity secures Sharpe Ratio (or Efficiency) of -0.0828, which signifies that the fund had a -0.0828% return per unit of standard deviation over the last 3 months. Aberdeen Japan Equity exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aberdeen Japan's mean deviation of 0.8381, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aberdeen Japan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aberdeen Japan is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
Aberdeen Japan Equity has very weak reverse predictability. Overlapping area represents the amount of predictability between Aberdeen Japan time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 Japan Equity price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Aberdeen Japan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Aberdeen Japan Equity lagged returns against current returns
Autocorrelation, which is Aberdeen Japan 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 Japan's fund expected returns. We can calculate the autocorrelation of Aberdeen Japan returns to help us make a trade decision. For example, suppose you find that Aberdeen Japan 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 Japan 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 Japan fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Japan fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aberdeen Japan fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen Japan Lagged Returns
When evaluating Aberdeen Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen Japan fund have on its future price. Aberdeen Japan 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 Japan autocorrelation shows the relationship between Aberdeen Japan fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Japan Equity.
Regressed Prices |
| Timeline |
Pair Trading with Aberdeen Japan
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aberdeen Japan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aberdeen Japan will appreciate offsetting losses from the drop in the long position's value.Moving against Aberdeen Fund
| 0.65 | GUMPX | Guggenheim Market Neutral | PairCorr |
| 0.65 | KMKNX | Kinetics Market Oppo Steady Growth | PairCorr |
| 0.5 | CPLIX | Calamos Phineus Longshort | PairCorr |
| 0.47 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.44 | WCEYX | Ivy E Equity | PairCorr |
The ability to find closely correlated positions to Aberdeen Japan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aberdeen Japan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aberdeen Japan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aberdeen Japan Equity to buy it.
The correlation of Aberdeen Japan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aberdeen Japan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aberdeen Japan Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aberdeen Japan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Aberdeen Fund
Aberdeen Japan 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 Japan security.
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