ACP Stock Summary and Trading Ideas (Aberdeen Income Credit Strategies | NYSE:ACP)

The Fund’s investment objective is to seek a high level of current income with a secondary objective of capital appreciation. The Fund seeks to achieve its investment objectives by opportunistically investing in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments) of issuers that operate in a variety of industries and geographic regions.

Aberdeen Income Credit Strategies trades on the NYSE stock market under the symbol ACP.

As of September 25, 2023, ACP stock price declined to $6.93 with 152,491 million shares trading.

ACP has a beta of 0.64, meaning it tends to be less sensitive to market movements. ACP has a correlation of 0.16 to the broad based SPY ETF.

ACP has a market cap of $360.88 million. This is considered a Small Cap stock.

In the last 3 years, ACP stock traded as high as $12.67 and as low as $6.01.

ACP stock has underperformed the market in the last year with a return of +6.3%, while SPY returned +17.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ACP shares. However, ACP has outperformed the market in the last 3 month and 2 week periods, returning +6.0% and -0.3%, while SPY returned -0.6% and -2.6%, respectively. This indicates ACP has been having a stronger performance recently.

ACP support price is $6.93 and resistance is $7.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACP stock will trade within this expected range on the day.