Abrdn Global Infrastructure Fund Market Value
| XAGIX Fund | USD 20.18 0.17 0.84% |
| Symbol | Abrdn |
Please note, there is a significant difference between Abrdn Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Abrdn Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abrdn 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.
Abrdn Global '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 Global's mutual 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 Abrdn Global.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Abrdn Global on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Abrdn Global Infrastructure or generate 0.0% return on investment in Abrdn Global over 720 days. Abrdn Global is related to or competes with Ab Impact, Bbh Intermediate, California Bond, Bbh Intermediate, Ab Bond, and Blrc Sgy. Abrdn Global is entity of United States. It is traded as Fund on NMFQS exchange. More
Abrdn Global 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 Global's mutual 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 Abrdn Global Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 2.33 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.7663 |
Abrdn Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abrdn Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abrdn Global's standard deviation. In reality, there are many statistical measures that can use Abrdn Global historical prices to predict the future Abrdn Global's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (2.45) |
Abrdn Global Infrast Backtested Returns
Abrdn Global Infrast secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the fund had a -0.12% return per unit of risk over the last 3 months. Abrdn Global Infrastructure exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Abrdn Global's Standard Deviation of 0.5738, mean deviation of 0.4715, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0251, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Abrdn Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Abrdn Global is expected to be smaller as well.
Auto-correlation | -0.34 |
Poor reverse predictability
Abrdn Global Infrastructure has poor reverse predictability. Overlapping area represents the amount of predictability between Abrdn Global time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Abrdn Global Infrast price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Abrdn Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Abrdn Global Infrast lagged returns against current returns
Autocorrelation, which is Abrdn Global mutual 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 Abrdn Global's mutual fund expected returns. We can calculate the autocorrelation of Abrdn Global returns to help us make a trade decision. For example, suppose you find that Abrdn Global has exhibited high autocorrelation historically, and you observe that the mutual 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 |
Abrdn Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abrdn Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abrdn Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Abrdn Global Lagged Returns
When evaluating Abrdn Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abrdn Global mutual fund have on its future price. Abrdn Global 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 Global autocorrelation shows the relationship between Abrdn Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Abrdn Global Infrastructure.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Abrdn Mutual Fund
Abrdn Global financial ratios help investors to determine whether Abrdn Mutual 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 Abrdn with respect to the benefits of owning Abrdn Global security.
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