518600's market value is the price at which a share of 518600 trades on a public exchange. It measures the collective expectations of 518600 investors about its performance. 518600 is trading at 5.84 as of the 30th of November 2024, a 1.04% up since the beginning of the trading day. The etf's open price was 5.78. With this module, you can estimate the performance of a buy and hold strategy of 518600 and determine expected loss or profit from investing in 518600 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
518600
518600 '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 518600'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 518600.
0.00
06/03/2024
No Change 0.00
0.0
In 5 months and 30 days
11/30/2024
0.00
If you would invest 0.00 in 518600 on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding 518600 or generate 0.0% return on investment in 518600 over 180 days.
518600 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 518600'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 518600 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 518600's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 518600's standard deviation. In reality, there are many statistical measures that can use 518600 historical prices to predict the future 518600's volatility.
At this point, 518600 is not too volatile. 518600 retains Efficiency (Sharpe Ratio) of 0.15, which signifies that the etf had a 0.15% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for 518600, which you can use to evaluate the volatility of the entity. Please confirm 518600's Coefficient Of Variation of 804.2, market risk adjusted performance of (0.37), and Standard Deviation of 0.8488 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The entity owns a Beta (Systematic Risk) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 518600 are expected to decrease at a much lower rate. During the bear market, 518600 is likely to outperform the market.
Auto-correlation
0.67
Good predictability
518600 has good predictability. Overlapping area represents the amount of predictability between 518600 time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 518600 price movement. The serial correlation of 0.67 indicates that around 67.0% of current 518600 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.67
Spearman Rank Test
0.46
Residual Average
0.0
Price Variance
0.03
518600 lagged returns against current returns
Autocorrelation, which is 518600 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 518600's etf expected returns. We can calculate the autocorrelation of 518600 returns to help us make a trade decision. For example, suppose you find that 518600 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
518600 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 518600 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 518600 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 518600 etf over time.
Current vs Lagged Prices
Timeline
518600 Lagged Returns
When evaluating 518600's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 518600 etf have on its future price. 518600 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, 518600 autocorrelation shows the relationship between 518600 etf current value and its past values and can show if there is a momentum factor associated with investing in 518600.