Abrdn Physical Precious Etf Market Value
| GLTR Etf | USD 112.60 1.33 1.17% |
| Symbol | Abrdn |
The market value of abrdn Physical Precious is measured differently than its book value, which is the value of Abrdn that is recorded on the company's balance sheet. Investors also form their own opinion of Abrdn Physical's value that differs from its market value or its book value, called intrinsic value, which is Abrdn Physical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Abrdn Physical's market value can be influenced by many factors that don't directly affect Abrdn Physical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Abrdn Physical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Abrdn Physical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abrdn Physical'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 Physical '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 Physical's etf 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 Physical.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Abrdn Physical on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding abrdn Physical Precious or generate 0.0% return on investment in Abrdn Physical over 30 days. Abrdn Physical is related to or competes with Abrdn Physical, Abrdn Physical, Abrdn Physical, Abrdn Physical, and SPDR SP. The Shares are intended to offer investors an opportunity to participate in the gold, silver, platinum and palladium mar... More
Abrdn Physical 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 Physical's etf 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 Physical Precious upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.99 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.37 |
Abrdn Physical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abrdn Physical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abrdn Physical's standard deviation. In reality, there are many statistical measures that can use Abrdn Physical historical prices to predict the future Abrdn Physical's volatility.| Risk Adjusted Performance | 0.061 | |||
| Jensen Alpha | 0.1023 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Abrdn Physical'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.
abrdn Physical Precious Backtested Returns
Currently, abrdn Physical Precious is very steady. abrdn Physical Precious secures Sharpe Ratio (or Efficiency) of 0.0291, which signifies that the etf had a 0.0291% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for abrdn Physical Precious, which you can use to evaluate the volatility of the entity. Please confirm Abrdn Physical's Downside Deviation of 1.34, semi deviation of 1.21, and Risk Adjusted Performance of 0.061 to double-check if the risk estimate we provide is consistent with the expected return of 0.0357%. The etf shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Abrdn Physical are expected to decrease at a much lower rate. During the bear market, Abrdn Physical is likely to outperform the market.
Auto-correlation | 0.39 |
Below average predictability
abrdn Physical Precious has below average predictability. Overlapping area represents the amount of predictability between Abrdn Physical time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Physical Precious price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Abrdn Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
abrdn Physical Precious lagged returns against current returns
Autocorrelation, which is Abrdn Physical etf'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 Physical's etf expected returns. We can calculate the autocorrelation of Abrdn Physical returns to help us make a trade decision. For example, suppose you find that Abrdn Physical has exhibited high autocorrelation historically, and you observe that the etf 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 Physical 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 Physical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abrdn Physical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abrdn Physical etf over time.
Current vs Lagged Prices |
| Timeline |
Abrdn Physical Lagged Returns
When evaluating Abrdn Physical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abrdn Physical etf have on its future price. Abrdn Physical 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 Physical autocorrelation shows the relationship between Abrdn Physical etf current value and its past values and can show if there is a momentum factor associated with investing in abrdn Physical Precious.
Regressed Prices |
| Timeline |
Pair Trading with Abrdn Physical
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 Abrdn Physical 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 Abrdn Physical will appreciate offsetting losses from the drop in the long position's value.Moving together with Abrdn Etf
| 0.96 | GLD | SPDR Gold Shares | PairCorr |
| 0.96 | IAU | iShares Gold Trust | PairCorr |
| 0.96 | SLV | iShares Silver Trust | PairCorr |
| 0.96 | GLDM | SPDR Gold MiniShares | PairCorr |
| 0.96 | SGOL | abrdn Physical Gold | PairCorr |
The ability to find closely correlated positions to Abrdn Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abrdn Physical 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 Abrdn Physical - 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 abrdn Physical Precious to buy it.
The correlation of Abrdn Physical 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 Abrdn Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if abrdn Physical Precious 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 Abrdn Physical 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.Check out Abrdn Physical Correlation, Abrdn Physical Volatility and Abrdn Physical Alpha and Beta module to complement your research on Abrdn Physical. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Abrdn Physical technical etf 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, etf market cycles, or different charting patterns.