Aberdeen Australia Equity Fund Market Value
| XIAFX Fund | USD 4.92 0.03 0.61% |
| Symbol | Aberdeen |
Please note, there is a significant difference between Aberdeen Australia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aberdeen Australia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aberdeen Australia'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.
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 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 Aberdeen Australia.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Aberdeen Australia on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Aberdeen Australia Equity or generate 0.0% return on investment in Aberdeen Australia over 30 days. Aberdeen Australia is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Aberdeen Australia is entity of United States 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 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 Aberdeen Australia Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.2 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.8 |
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 | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.33) |
Aberdeen Australia Equity Backtested Returns
Aberdeen Australia Equity secures Sharpe Ratio (or Efficiency) of -0.0921, which signifies that the fund had a -0.0921% return per unit of standard deviation over the last 3 months. Aberdeen Australia Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aberdeen Australia's risk adjusted performance of (0.04), and Mean Deviation of 0.8097 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. 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 | 0.22 |
Weak predictability
Aberdeen Australia Equity has weak predictability. Overlapping area represents the amount of predictability between Aberdeen Australia time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Equity price movement. The serial correlation of 0.22 indicates that over 22.0% of current Aberdeen Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Aberdeen Australia Equity lagged returns against current returns
Autocorrelation, which is Aberdeen Australia 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 Aberdeen Australia's mutual 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 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 |
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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Australia mutual 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 mutual 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 mutual 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 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Australia Equity.
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 Aberdeen Mutual Fund
Aberdeen Australia financial ratios help investors to determine whether Aberdeen 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 Aberdeen with respect to the benefits of owning Aberdeen Australia security.
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