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First Trust/aberdeen Emerging Opp Fund (First Trust/aberdeen Emerging Opp Fund) Sloan Ratio % : 0.00% (As of Jun. 2022)


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What is First Trust/aberdeen Emerging Opp Fund Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

First Trust/aberdeen Emerging Opp Fund's Sloan Ratio for the quarter that ended in Jun. 2022 was 0.00%.

As of Jun. 2022, First Trust/aberdeen Emerging Opp Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


First Trust/aberdeen Emerging Opp Fund Sloan Ratio % Historical Data

The historical data trend for First Trust/aberdeen Emerging Opp Fund's Sloan Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Trust/aberdeen Emerging Opp Fund Sloan Ratio % Chart

First Trust/aberdeen Emerging Opp Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
Sloan Ratio %
- - - - -

First Trust/aberdeen Emerging Opp Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Competitive Comparison of First Trust/aberdeen Emerging Opp Fund's Sloan Ratio %

For the Asset Management subindustry, First Trust/aberdeen Emerging Opp Fund's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Trust/aberdeen Emerging Opp Fund's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Trust/aberdeen Emerging Opp Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where First Trust/aberdeen Emerging Opp Fund's Sloan Ratio % falls into.



First Trust/aberdeen Emerging Opp Fund Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

First Trust/aberdeen Emerging Opp Fund's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2021 )-Cash Flow from Operations (A: Dec. 2021 )
-Cash Flow from Investing (A: Dec. 2021 ))/Total Assets (A: Dec. 2021 )
=(-4.189-6.88
-0)/75.594
=-14.64%

First Trust/aberdeen Emerging Opp Fund's Sloan Ratio for the quarter that ended in Jun. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2022 )
=(-22.418-6.644
-0)/56.308
=-51.61%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. First Trust/aberdeen Emerging Opp Fund's Net Income for the trailing twelve months (TTM) ended in Jun. 2022 was -5.721 (Dec. 2021 ) + -16.697 (Jun. 2022 ) = $-22.42 Mil.
First Trust/aberdeen Emerging Opp Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2022 was 3.658 (Dec. 2021 ) + 2.986 (Jun. 2022 ) = $6.64 Mil.
First Trust/aberdeen Emerging Opp Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2022 was 0 (Dec. 2021 ) + 0 (Jun. 2022 ) = $0.00 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Trust/aberdeen Emerging Opp Fund  (NYSE:FEO) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Jun. 2022, First Trust/aberdeen Emerging Opp Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


First Trust/aberdeen Emerging Opp Fund Sloan Ratio % Related Terms

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First Trust/aberdeen Emerging Opp Fund (First Trust/aberdeen Emerging Opp Fund) Business Description

Traded in Other Exchanges
N/A
Address
120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187
First Trust/aberdeen Emerging Opp Fund is a diversified, closed-end management investment company. Its investment objective is to provide a high level of total return. The fund seeks to achieve its objective by investing a majority of its managed assets in a diversified portfolio of equity and fixed-income securities of issuers in emerging market countries.
Executives
Marika Tooze director C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
M Keefe Denise director C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler other: Officer- Investment Advisor C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske other: Officer - Investment Advisor FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Mickey Janvier other: Director of Sub-Adviser C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
James Joseph O'connor other: Director of Sub-Adviser C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Joseph Andolina other: Officer-Investment Sub-Advisor 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Chris Demetriou other: Officer-Invest. Sub-Advisor 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Ralph Bassett other: Officer-Investment Sub-Advisor 1735 MARKET ST., 32ND FLOOR, PHILADELPHIA PA 19103
Sofia Rosala other: Officer-Investment Sub-Advisor 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Charles Tan other: Officer-Investment Sub-Advisor 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Shane Shannon officer: Assistant Secretary FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Jeffrey Cotton other: Officer-Investment Sub-Advisor 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103

First Trust/aberdeen Emerging Opp Fund (First Trust/aberdeen Emerging Opp Fund) Headlines