Bosera ChiNext's market value is the price at which a share of Bosera ChiNext trades on a public exchange. It measures the collective expectations of Bosera ChiNext ETF investors about its performance. Bosera ChiNext is trading at 2.04 as of the 2nd of December 2024, a 2.00 percent increase since the beginning of the trading day. The etf's open price was 2.0. With this module, you can estimate the performance of a buy and hold strategy of Bosera ChiNext ETF and determine expected loss or profit from investing in Bosera ChiNext 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
Bosera
Bosera ChiNext '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 Bosera ChiNext'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 Bosera ChiNext.
0.00
12/13/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
12/02/2024
0.00
If you would invest 0.00 in Bosera ChiNext on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Bosera ChiNext ETF or generate 0.0% return on investment in Bosera ChiNext over 720 days.
Bosera ChiNext 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 Bosera ChiNext'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 Bosera ChiNext ETF 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 Bosera ChiNext's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bosera ChiNext's standard deviation. In reality, there are many statistical measures that can use Bosera ChiNext historical prices to predict the future Bosera ChiNext's volatility.
Bosera ChiNext appears to be dangerous, given 3 months investment horizon. Bosera ChiNext ETF secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the etf had a 0.15% return per unit of risk over the last 3 months. By analyzing Bosera ChiNext's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please makes use of Bosera ChiNext's Downside Deviation of 3.76, mean deviation of 2.9, and Risk Adjusted Performance of 0.123 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bosera ChiNext's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bosera ChiNext is expected to be smaller as well.
Auto-correlation
-0.45
Modest reverse predictability
Bosera ChiNext ETF has modest reverse predictability. Overlapping area represents the amount of predictability between Bosera ChiNext time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Bosera ChiNext ETF price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Bosera ChiNext price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.45
Spearman Rank Test
0.01
Residual Average
0.0
Price Variance
0.04
Bosera ChiNext ETF lagged returns against current returns
Autocorrelation, which is Bosera ChiNext 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 Bosera ChiNext's etf expected returns. We can calculate the autocorrelation of Bosera ChiNext returns to help us make a trade decision. For example, suppose you find that Bosera ChiNext 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
Bosera ChiNext 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 Bosera ChiNext etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bosera ChiNext etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bosera ChiNext etf over time.
Current vs Lagged Prices
Timeline
Bosera ChiNext Lagged Returns
When evaluating Bosera ChiNext's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bosera ChiNext etf have on its future price. Bosera ChiNext 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, Bosera ChiNext autocorrelation shows the relationship between Bosera ChiNext etf current value and its past values and can show if there is a momentum factor associated with investing in Bosera ChiNext ETF.
Regressed Prices
Timeline
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