Abrdn Bloomberg All Etf Market Value

BCI Etf  USD 19.77  0.19  0.97%   
Abrdn Bloomberg's market value is the price at which a share of Abrdn Bloomberg trades on a public exchange. It measures the collective expectations of Abrdn Bloomberg All investors about its performance. Abrdn Bloomberg is trading at 19.77 as of the 29th of March 2024. This is a 0.97 percent increase since the beginning of the trading day. The etf's open price was 19.58.
With this module, you can estimate the performance of a buy and hold strategy of Abrdn Bloomberg All and determine expected loss or profit from investing in Abrdn Bloomberg over a given investment horizon. Check out Abrdn Bloomberg Correlation, Abrdn Bloomberg Volatility and Abrdn Bloomberg Alpha and Beta module to complement your research on Abrdn Bloomberg.
Symbol

The market value of Abrdn Bloomberg All 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 Bloomberg's value that differs from its market value or its book value, called intrinsic value, which is Abrdn Bloomberg'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 Bloomberg's market value can be influenced by many factors that don't directly affect Abrdn Bloomberg'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 Bloomberg's value and its price as these two are different measures arrived at by different means. Investors typically determine if Abrdn Bloomberg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abrdn Bloomberg'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 Bloomberg '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 Bloomberg'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 Bloomberg.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Abrdn Bloomberg on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Abrdn Bloomberg All or generate 0.0% return on investment in Abrdn Bloomberg over 30 days. Abrdn Bloomberg is related to or competes with ETRACS Bloomberg, Abrdn Bloomberg, Direxion Auspice, Invesco DB, IPath Bloomberg, and WisdomTree Continuous. The index reflects the return on a fully collateralized investment in the Bloomberg Commodity IndexSM , which is compose... More

Abrdn Bloomberg 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 Bloomberg'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 Bloomberg All upside and downside potential and time the market with a certain degree of confidence.

Abrdn Bloomberg Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Abrdn Bloomberg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abrdn Bloomberg's standard deviation. In reality, there are many statistical measures that can use Abrdn Bloomberg historical prices to predict the future Abrdn Bloomberg's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Abrdn Bloomberg'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.
Hype
Prediction
LowEstimatedHigh
19.2119.7720.33
Details
Intrinsic
Valuation
LowRealHigh
19.1019.6620.22
Details
Naive
Forecast
LowNextHigh
18.8319.3819.94
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
19.0219.5019.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Abrdn Bloomberg. Your research has to be compared to or analyzed against Abrdn Bloomberg's peers to derive any actionable benefits. When done correctly, Abrdn Bloomberg's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Abrdn Bloomberg All.

Abrdn Bloomberg All Backtested Returns

We consider Abrdn Bloomberg very steady. Abrdn Bloomberg All secures Sharpe Ratio (or Efficiency) of 0.0828, which signifies that the etf had a 0.0828% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Abrdn Bloomberg All, which you can use to evaluate the volatility of the entity. Please confirm Abrdn Bloomberg's Downside Deviation of 0.6286, mean deviation of 0.4668, and Risk Adjusted Performance of 0.0238 to double-check if the risk estimate we provide is consistent with the expected return of 0.0461%. The etf shows a Beta (market volatility) of 0.0956, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Abrdn Bloomberg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Abrdn Bloomberg is expected to be smaller as well.

Auto-correlation

    
  -0.16  

Insignificant reverse predictability

Abrdn Bloomberg All has insignificant reverse predictability. Overlapping area represents the amount of predictability between Abrdn Bloomberg time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 Bloomberg All price movement. The serial correlation of -0.16 indicates that over 16.0% of current Abrdn Bloomberg price fluctuation can be explain by its past prices.
Correlation Coefficient-0.16
Spearman Rank Test-0.12
Residual Average0.0
Price Variance0.01

Abrdn Bloomberg All lagged returns against current returns

Autocorrelation, which is Abrdn Bloomberg 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 Bloomberg's etf expected returns. We can calculate the autocorrelation of Abrdn Bloomberg returns to help us make a trade decision. For example, suppose you find that Abrdn Bloomberg 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 Bloomberg 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 Bloomberg etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abrdn Bloomberg etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abrdn Bloomberg etf over time.
   Current vs Lagged Prices   
       Timeline  

Abrdn Bloomberg Lagged Returns

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

Pair Trading with Abrdn Bloomberg

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 Bloomberg 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 Bloomberg will appreciate offsetting losses from the drop in the long position's value.

Moving together with Abrdn Etf

  0.88PDBC Invesco Optimum YieldPairCorr
  0.65FTGC First Trust GlobalPairCorr
  0.88DBC Invesco DB CommodityPairCorr
  0.67COMT IShares GSCI CommodityPairCorr

Moving against Abrdn Etf

  0.47BME BlackRock Health SciencesPairCorr
The ability to find closely correlated positions to Abrdn Bloomberg 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 Bloomberg 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 Bloomberg - 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 Bloomberg All to buy it.
The correlation of Abrdn Bloomberg 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 Bloomberg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abrdn Bloomberg All 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 Bloomberg 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
When determining whether Abrdn Bloomberg All offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Abrdn Bloomberg's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Abrdn Bloomberg All Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Abrdn Bloomberg All Etf:
Check out Abrdn Bloomberg Correlation, Abrdn Bloomberg Volatility and Abrdn Bloomberg Alpha and Beta module to complement your research on Abrdn Bloomberg.
Note that the Abrdn Bloomberg All information on this page should be used as a complementary analysis to other Abrdn Bloomberg'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 the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Abrdn Bloomberg's price analysis, check to measure Abrdn Bloomberg'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 Abrdn Bloomberg is operating at the current time. Most of Abrdn Bloomberg's value examination focuses on studying past and present price action to predict the probability of Abrdn Bloomberg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abrdn Bloomberg's price. Additionally, you may evaluate how the addition of Abrdn Bloomberg to your portfolios can decrease your overall portfolio volatility.
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Abrdn Bloomberg 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.
A focus of Abrdn Bloomberg technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Abrdn Bloomberg 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...