MULTI UNITS's market value is the price at which a share of MULTI UNITS trades on a public exchange. It measures the collective expectations of MULTI UNITS LUXEMBOURG investors about its performance. MULTI UNITS is selling for under 138.98 as of the 14th of December 2024; that is 0.09 percent decrease since the beginning of the trading day. The etf's lowest day price was 138.98. With this module, you can estimate the performance of a buy and hold strategy of MULTI UNITS LUXEMBOURG and determine expected loss or profit from investing in MULTI UNITS over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
MULTI
MULTI UNITS '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 MULTI UNITS'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 MULTI UNITS.
0.00
11/20/2023
No Change 0.00
0.0
In 1 year and 26 days
12/14/2024
0.00
If you would invest 0.00 in MULTI UNITS on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding MULTI UNITS LUXEMBOURG or generate 0.0% return on investment in MULTI UNITS over 390 days.
MULTI UNITS 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 MULTI UNITS'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 MULTI UNITS LUXEMBOURG upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for MULTI UNITS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MULTI UNITS's standard deviation. In reality, there are many statistical measures that can use MULTI UNITS historical prices to predict the future MULTI UNITS's volatility.
MULTI UNITS LUXEMBOURG has Sharpe Ratio of -0.0296, which conveys that the entity had a -0.0296% return per unit of volatility over the last 3 months. MULTI UNITS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MULTI UNITS's mean deviation of 0.5923, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.0216, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MULTI UNITS's returns are expected to increase less than the market. However, during the bear market, the loss of holding MULTI UNITS is expected to be smaller as well.
Auto-correlation
0.01
Virtually no predictability
MULTI UNITS LUXEMBOURG has virtually no predictability. Overlapping area represents the amount of predictability between MULTI UNITS time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 MULTI UNITS LUXEMBOURG price movement. The serial correlation of 0.01 indicates that just 1.0% of current MULTI UNITS price fluctuation can be explain by its past prices.
Correlation Coefficient
0.01
Spearman Rank Test
0.08
Residual Average
0.0
Price Variance
4.3
MULTI UNITS LUXEMBOURG lagged returns against current returns
Autocorrelation, which is MULTI UNITS 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 MULTI UNITS's etf expected returns. We can calculate the autocorrelation of MULTI UNITS returns to help us make a trade decision. For example, suppose you find that MULTI UNITS 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
MULTI UNITS 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 MULTI UNITS etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MULTI UNITS etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MULTI UNITS etf over time.
Current vs Lagged Prices
Timeline
MULTI UNITS Lagged Returns
When evaluating MULTI UNITS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MULTI UNITS etf have on its future price. MULTI UNITS 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, MULTI UNITS autocorrelation shows the relationship between MULTI UNITS etf current value and its past values and can show if there is a momentum factor associated with investing in MULTI UNITS LUXEMBOURG .
Regressed Prices
Timeline
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