IncomeShares SP500's market value is the price at which a share of IncomeShares SP500 trades on a public exchange. It measures the collective expectations of IncomeShares SP500 Options investors about its performance. IncomeShares SP500 is trading at 9.01 as of the 27th of December 2024, a 0.55% down since the beginning of the trading day. The etf's lowest day price was 9.0. With this module, you can estimate the performance of a buy and hold strategy of IncomeShares SP500 Options and determine expected loss or profit from investing in IncomeShares SP500 over a given investment horizon. Check out Investing Opportunities 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 SP500 '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 SP500'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 SP500.
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 SP500 on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding IncomeShares SP500 Options or generate 0.0% return on investment in IncomeShares SP500 over 30 days.
IncomeShares SP500 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 SP500'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 SP500 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 SP500's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IncomeShares SP500's standard deviation. In reality, there are many statistical measures that can use IncomeShares SP500 historical prices to predict the future IncomeShares SP500's volatility.
At this point, IncomeShares SP500 is very steady. IncomeShares SP500 holds Efficiency (Sharpe) Ratio of 0.0586, which attests that the entity had a 0.0586% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for IncomeShares SP500, which you can use to evaluate the volatility of the entity. Please check out IncomeShares SP500's Downside Deviation of 0.872, market risk adjusted performance of 0.2216, and Risk Adjusted Performance of 0.0466 to validate if the risk estimate we provide is consistent with the expected return of 0.0424%. The etf retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IncomeShares SP500's returns are expected to increase less than the market. However, during the bear market, the loss of holding IncomeShares SP500 is expected to be smaller as well.
Auto-correlation
0.36
Below average predictability
IncomeShares SP500 Options has below average predictability. Overlapping area represents the amount of predictability between IncomeShares SP500 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 SP500 price movement. The serial correlation of 0.36 indicates that just about 36.0% of current IncomeShares SP500 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.36
Spearman Rank Test
-0.02
Residual Average
0.0
Price Variance
0.0
IncomeShares SP500 lagged returns against current returns
Autocorrelation, which is IncomeShares SP500 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 SP500's etf expected returns. We can calculate the autocorrelation of IncomeShares SP500 returns to help us make a trade decision. For example, suppose you find that IncomeShares SP500 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 SP500 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 SP500 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IncomeShares SP500 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IncomeShares SP500 etf over time.
Current vs Lagged Prices
Timeline
IncomeShares SP500 Lagged Returns
When evaluating IncomeShares SP500's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IncomeShares SP500 etf have on its future price. IncomeShares SP500 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 SP500 autocorrelation shows the relationship between IncomeShares SP500 etf current value and its past values and can show if there is a momentum factor associated with investing in IncomeShares SP500 Options.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.