Aberdeen Mutual Fund Market Value

ATOAX
 Fund
  

USD 10.07  0.01  0.1%   

Aberdeen Ultra's market value is the price at which a share of Aberdeen Ultra stock trades on a public exchange. It measures the collective expectations of Aberdeen Ultra Short investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Aberdeen Ultra Short and determine expected loss or profit from investing in Aberdeen Ultra over a given investment horizon. Please continue to Aberdeen Ultra Hype Analysis, Aberdeen Ultra Correlation, Portfolio Optimization, Aberdeen Ultra Volatility, as well as analyze Aberdeen Ultra Alpha and Beta and Aberdeen Ultra Performance.
Symbol

Please note, there is a significant difference between Aberdeen Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine Aberdeen Ultra value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aberdeen Ultra'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 Ultra '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 Ultra'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 Ultra.
0.00
06/18/2022
No Change 0.00  0.0 
In 2 months and 1 day
08/17/2022
0.00
If you would invest  0.00  in Aberdeen Ultra on June 18, 2022 and sell it all today you would earn a total of 0.00 from holding Aberdeen Ultra Short or generate 0.0% return on investment in Aberdeen Ultra over 60 days. Aberdeen Ultra is related to or competes with Alcoa Corp. The fund invests its assets in a combination of tax-exempt obligations and taxable debt obligationsMore

Aberdeen Ultra 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 Ultra'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 Ultra Short upside and downside potential and time the market with a certain degree of confidence.

Aberdeen Ultra Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen Ultra's standard deviation. In reality, there are many statistical measures that can use Aberdeen Ultra historical prices to predict the future Aberdeen Ultra's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Aberdeen Ultra'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. Please use the tools below to analyze the current value of Aberdeen Ultra in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
10.0310.0710.11
Details
Intrinsic
Valuation
LowReal ValueHigh
10.0310.0710.11
Details
Naive
Forecast
LowNext ValueHigh
10.0210.0610.11
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.0410.0610.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Aberdeen Ultra. Your research has to be compared to or analyzed against Aberdeen Ultra's peers to derive any actionable benefits. When done correctly, Aberdeen Ultra's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Aberdeen Ultra Short.

Aberdeen Ultra Short Backtested Returns

We consider Aberdeen Ultra very steady. Aberdeen Ultra Short secures Sharpe Ratio (or Efficiency) of 0.0738, which signifies that the fund had 0.0738% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Aberdeen Ultra Short, which you can use to evaluate the future volatility of the entity. Please confirm Aberdeen Ultra Short risk adjusted performance of (0.19), and Mean Deviation of 0.0176 to double-check if the risk estimate we provide is consistent with the expected return of 0.0033%.
The fund shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. Let's try to break down what Aberdeen's beta means in this case. the returns on MARKET and Aberdeen Ultra are completely uncorrelated. Although it is important to respect Aberdeen Ultra Short historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy in foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Aberdeen Ultra Short technical indicators, you can presently evaluate if the expected return of 0.0033% will be sustainable into the future.

Auto-correlation

    
  0.46  

Average predictability

Aberdeen Ultra Short has average predictability. Overlapping area represents the amount of predictability between Aberdeen Ultra time series from 18th of June 2022 to 18th of July 2022 and 18th of July 2022 to 17th of August 2022. 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 Ultra Short price movement. The serial correlation of 0.46 indicates that about 46.0% of current Aberdeen Ultra price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.89
Residual Average0.0
Price Variance0.0

Aberdeen Ultra Short lagged returns against current returns

Autocorrelation, which is Aberdeen Ultra 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 Ultra's mutual fund expected returns. We can calculate the autocorrelation of Aberdeen Ultra returns to help us make a trade decision. For example, suppose you find that Aberdeen Ultra mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Aberdeen Ultra 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 Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Ultra 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 Ultra mutual fund over time.
   Current vs Lagged Prices   
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       Timeline  

Aberdeen Ultra Lagged Returns

When evaluating Aberdeen Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen Ultra mutual fund have on its future price. Aberdeen Ultra 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 Ultra autocorrelation shows the relationship between Aberdeen Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Ultra Short.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aberdeen Ultra without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Aberdeen Ultra

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 Ultra 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 Ultra will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Aberdeen Ultra 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 Ultra 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 Ultra - 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 Ultra Short to buy it.
The correlation of Aberdeen Ultra is a statistical measure of how it moves in relation to other equities. 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 Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aberdeen Ultra Short 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 Ultra 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.
Pair CorrelationCorrelation Matching
Please continue to Aberdeen Ultra Hype Analysis, Aberdeen Ultra Correlation, Portfolio Optimization, Aberdeen Ultra Volatility, as well as analyze Aberdeen Ultra Alpha and Beta and Aberdeen Ultra Performance. Note that the Aberdeen Ultra Short information on this page should be used as a complementary analysis to other Aberdeen Ultra's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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When running Aberdeen Ultra Short price analysis, check to measure Aberdeen Ultra's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aberdeen Ultra is operating at the current time. Most of Aberdeen Ultra's value examination focuses on studying past and present price action to predict the probability of Aberdeen Ultra's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Aberdeen Ultra's price. Additionally, you may evaluate how the addition of Aberdeen Ultra to your portfolios can decrease your overall portfolio volatility.
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Aberdeen Ultra 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.
A focus of Aberdeen Ultra technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Aberdeen Ultra trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...