562930's market value is the price at which a share of 562930 trades on a public exchange. It measures the collective expectations of 562930 investors about its performance. 562930 is trading at 0.85 as of the 30th of November 2024, a 2.41% up since the beginning of the trading day. The etf's open price was 0.83. With this module, you can estimate the performance of a buy and hold strategy of 562930 and determine expected loss or profit from investing in 562930 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 nation.
Symbol
562930
562930 '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 562930'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 562930.
0.00
10/31/2024
No Change 0.00
0.0
In 31 days
11/30/2024
0.00
If you would invest 0.00 in 562930 on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding 562930 or generate 0.0% return on investment in 562930 over 30 days.
562930 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 562930'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 562930 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 562930's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 562930's standard deviation. In reality, there are many statistical measures that can use 562930 historical prices to predict the future 562930's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 562930. Your research has to be compared to or analyzed against 562930's peers to derive any actionable benefits. When done correctly, 562930's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in 562930.
562930 Backtested Returns
562930 is extremely dangerous given 3 months investment horizon. 562930 retains Efficiency (Sharpe Ratio) of 0.28, which signifies that the etf had a 0.28% return per unit of price deviation over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.02% are justified by taking the suggested risk. Use 562930 Market Risk Adjusted Performance of 1.94, coefficient of variation of 404.04, and Standard Deviation of 3.5 to evaluate company specific risk that cannot be diversified away. The entity owns a Beta (Systematic Risk) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 562930's returns are expected to increase less than the market. However, during the bear market, the loss of holding 562930 is expected to be smaller as well.
Auto-correlation
0.04
Virtually no predictability
562930 has virtually no predictability. Overlapping area represents the amount of predictability between 562930 time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 562930 price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current 562930 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.04
Spearman Rank Test
0.28
Residual Average
0.0
Price Variance
0.0
562930 lagged returns against current returns
Autocorrelation, which is 562930 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 562930's etf expected returns. We can calculate the autocorrelation of 562930 returns to help us make a trade decision. For example, suppose you find that 562930 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
562930 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 562930 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 562930 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 562930 etf over time.
Current vs Lagged Prices
Timeline
562930 Lagged Returns
When evaluating 562930's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 562930 etf have on its future price. 562930 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, 562930 autocorrelation shows the relationship between 562930 etf current value and its past values and can show if there is a momentum factor associated with investing in 562930.