Aberdeen Select International Fund Market Value
| JETIX Fund | USD 14.24 0.21 1.50% |
| Symbol | Aberdeen |
Aberdeen Select '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 Select'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 Select.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Aberdeen Select on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Aberdeen Select International or generate 0.0% return on investment in Aberdeen Select over 30 days. Aberdeen Select is related to or competes with Marsico 21st, Harbor International, Loomis Sayles, Northern Small, and Aberdeen Select. The fund invests at least 80 percent of the value of its net assets, plus any borrowings for investment purposes, in equ... More
Aberdeen Select 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 Select'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 Select International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7607 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.48 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.5 |
Aberdeen Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen Select's standard deviation. In reality, there are many statistical measures that can use Aberdeen Select historical prices to predict the future Aberdeen Select's volatility.| Risk Adjusted Performance | 0.0471 | |||
| Jensen Alpha | 0.0404 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.64 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aberdeen Select'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 Select Inte Backtested Returns
We consider Aberdeen Select very steady. Aberdeen Select Inte secures Sharpe Ratio (or Efficiency) of 0.0573, which signifies that the fund had a 0.0573% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Aberdeen Select International, which you can use to evaluate the volatility of the entity. Please confirm Aberdeen Select's risk adjusted performance of 0.0471, and Mean Deviation of 0.5972 to double-check if the risk estimate we provide is consistent with the expected return of 0.0456%. The fund shows a Beta (market volatility) of 0.0719, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aberdeen Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aberdeen Select is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Aberdeen Select International has good predictability. Overlapping area represents the amount of predictability between Aberdeen Select time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Select Inte price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Aberdeen Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Aberdeen Select Inte lagged returns against current returns
Autocorrelation, which is Aberdeen Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Aberdeen Select returns to help us make a trade decision. For example, suppose you find that Aberdeen Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Select 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 Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen Select Lagged Returns
When evaluating Aberdeen Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen Select mutual fund have on its future price. Aberdeen Select 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 Select autocorrelation shows the relationship between Aberdeen Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Select International.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aberdeen Select in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aberdeen Select's short interest history, or implied volatility extrapolated from Aberdeen Select options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Aberdeen Select Correlation, Aberdeen Select Volatility and Aberdeen Select Alpha and Beta module to complement your research on Aberdeen Select. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Aberdeen Select technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.