Aberdeen China Oppty Fund Market Value
| GOPCX Fund | USD 20.74 0.52 2.45% |
| Symbol | Aberdeen |
Aberdeen China '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 China'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 China.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Aberdeen China on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Aberdeen China Oppty or generate 0.0% return on investment in Aberdeen China over 510 days. The fund normally invests at least 80 percent of the value of its net assets, plus any borrowings for investment purpose... More
Aberdeen China 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 China'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 China Oppty upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.0824 | |||
| Maximum Drawdown | 13.09 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 5.19 |
Aberdeen China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen China's standard deviation. In reality, there are many statistical measures that can use Aberdeen China historical prices to predict the future Aberdeen China's volatility.| Risk Adjusted Performance | 0.1047 | |||
| Jensen Alpha | 0.359 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0987 | |||
| Treynor Ratio | (0.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aberdeen China'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 China Oppty Backtested Returns
Aberdeen China appears to be not too volatile, given 3 months investment horizon. Aberdeen China Oppty secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the fund had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Aberdeen China Oppty, which you can use to evaluate the volatility of the entity. Please makes use of Aberdeen China's risk adjusted performance of 0.1047, and Mean Deviation of 1.64 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aberdeen China are expected to decrease at a much lower rate. During the bear market, Aberdeen China is likely to outperform the market.
Auto-correlation | -0.37 |
Poor reverse predictability
Aberdeen China Oppty has poor reverse predictability. Overlapping area represents the amount of predictability between Aberdeen China time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 China Oppty price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Aberdeen China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 2.53 |
Aberdeen China Oppty lagged returns against current returns
Autocorrelation, which is Aberdeen China 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 China's mutual fund expected returns. We can calculate the autocorrelation of Aberdeen China returns to help us make a trade decision. For example, suppose you find that Aberdeen China 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 China 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 China mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen China 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 China mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen China Lagged Returns
When evaluating Aberdeen China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen China mutual fund have on its future price. Aberdeen China 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 China autocorrelation shows the relationship between Aberdeen China mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen China Oppty.
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 China 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 China security.
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