Capital Group Core Etf Market Value
| CGUS Etf | USD 35.36 0.13 0.37% |
| Symbol | Capital |
The market value of Capital Group Core is measured differently than its book value, which is the value of Capital that is recorded on the company's balance sheet. Investors also form their own opinion of Capital Group's value that differs from its market value or its book value, called intrinsic value, which is Capital Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Capital Group's market value can be influenced by many factors that don't directly affect Capital Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Capital Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Capital Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Capital Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Capital Group '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 Capital Group'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 Capital Group.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Capital Group on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Capital Group Core or generate 0.0% return on investment in Capital Group over 30 days. Capital Group is related to or competes with Davis Select, Tidal ETF, Principal Value, WisdomTree Emerging, Ballast SmallMid, Vanguard Minimum, and Vanguard Value. The fund invests primarily in common stocks of companies that the investment adviser believes demonstrate the potential ... More
Capital Group 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 Capital Group'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 Capital Group Core upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8494 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.03 |
Capital Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital Group's standard deviation. In reality, there are many statistical measures that can use Capital Group historical prices to predict the future Capital Group's volatility.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | 0.0642 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 1.05 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Capital Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Capital Group Core Backtested Returns
Currently, Capital Group Core is very steady. Capital Group Core secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Capital Group Core, which you can use to evaluate the volatility of the entity. Please confirm Capital Group's Downside Deviation of 0.8494, risk adjusted performance of 0.0838, and Mean Deviation of 0.5237 to double-check if the risk estimate we provide is consistent with the expected return of 0.0821%. The etf shows a Beta (market volatility) of 0.0686, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Capital Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capital Group is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Capital Group Core has good predictability. Overlapping area represents the amount of predictability between Capital Group time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Capital Group Core price movement. The serial correlation of 0.71 indicates that around 71.0% of current Capital Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Capital Group Core lagged returns against current returns
Autocorrelation, which is Capital Group 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 Capital Group's etf expected returns. We can calculate the autocorrelation of Capital Group returns to help us make a trade decision. For example, suppose you find that Capital Group 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 |
Capital Group 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 Capital Group etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capital Group etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capital Group etf over time.
Current vs Lagged Prices |
| Timeline |
Capital Group Lagged Returns
When evaluating Capital Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capital Group etf have on its future price. Capital Group 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, Capital Group autocorrelation shows the relationship between Capital Group etf current value and its past values and can show if there is a momentum factor associated with investing in Capital Group Core.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Capital Group Correlation, Capital Group Volatility and Capital Group Alpha and Beta module to complement your research on Capital Group. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Capital Group technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.