IncomeShares Apple's market value is the price at which a share of IncomeShares Apple trades on a public exchange. It measures the collective expectations of IncomeShares Apple Options investors about its performance. IncomeShares Apple is trading at 10.73 as of the 27th of December 2024, a 0.37% down since the beginning of the trading day. The etf's lowest day price was 10.73. With this module, you can estimate the performance of a buy and hold strategy of IncomeShares Apple Options and determine expected loss or profit from investing in IncomeShares Apple 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
IncomeShares
IncomeShares Apple '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 IncomeShares Apple'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 IncomeShares Apple.
0.00
11/27/2024
No Change 0.00
0.0
In 31 days
12/27/2024
0.00
If you would invest 0.00 in IncomeShares Apple on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding IncomeShares Apple Options or generate 0.0% return on investment in IncomeShares Apple over 30 days.
IncomeShares Apple 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 IncomeShares Apple'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 IncomeShares Apple Options 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 IncomeShares Apple's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IncomeShares Apple's standard deviation. In reality, there are many statistical measures that can use IncomeShares Apple historical prices to predict the future IncomeShares Apple's volatility.
IncomeShares Apple appears to be very steady, given 3 months investment horizon. IncomeShares Apple holds Efficiency (Sharpe) Ratio of 0.69, which attests that the entity had a 0.69% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for IncomeShares Apple, which you can use to evaluate the volatility of the entity. Please utilize IncomeShares Apple's Risk Adjusted Performance of 0.5653, market risk adjusted performance of 3.9, and Standard Deviation of 0.703 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IncomeShares Apple's returns are expected to increase less than the market. However, during the bear market, the loss of holding IncomeShares Apple is expected to be smaller as well.
Auto-correlation
0.98
Excellent predictability
IncomeShares Apple Options has excellent predictability. Overlapping area represents the amount of predictability between IncomeShares Apple time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 IncomeShares Apple price movement. The serial correlation of 0.98 indicates that 98.0% of current IncomeShares Apple price fluctuation can be explain by its past prices.
Correlation Coefficient
0.98
Spearman Rank Test
0.97
Residual Average
0.0
Price Variance
0.02
IncomeShares Apple lagged returns against current returns
Autocorrelation, which is IncomeShares Apple 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 IncomeShares Apple's etf expected returns. We can calculate the autocorrelation of IncomeShares Apple returns to help us make a trade decision. For example, suppose you find that IncomeShares Apple 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
IncomeShares Apple 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 IncomeShares Apple etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IncomeShares Apple etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IncomeShares Apple etf over time.
Current vs Lagged Prices
Timeline
IncomeShares Apple Lagged Returns
When evaluating IncomeShares Apple's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IncomeShares Apple etf have on its future price. IncomeShares Apple 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, IncomeShares Apple autocorrelation shows the relationship between IncomeShares Apple etf current value and its past values and can show if there is a momentum factor associated with investing in IncomeShares Apple Options.
Regressed Prices
Timeline
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