IncomeShares Alphabet's market value is the price at which a share of IncomeShares Alphabet trades on a public exchange. It measures the collective expectations of IncomeShares Alphabet Options investors about its performance. IncomeShares Alphabet is trading at 11.00 as of the 28th of December 2024, a 0.36% down since the beginning of the trading day. The etf's lowest day price was 11.0. With this module, you can estimate the performance of a buy and hold strategy of IncomeShares Alphabet Options and determine expected loss or profit from investing in IncomeShares Alphabet over a given investment horizon. Check out Risk vs Return Analysis 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 Alphabet '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 Alphabet'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 Alphabet.
0.00
11/28/2024
No Change 0.00
0.0
In 31 days
12/28/2024
0.00
If you would invest 0.00 in IncomeShares Alphabet on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding IncomeShares Alphabet Options or generate 0.0% return on investment in IncomeShares Alphabet over 30 days.
IncomeShares Alphabet 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 Alphabet'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 Alphabet 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 Alphabet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IncomeShares Alphabet's standard deviation. In reality, there are many statistical measures that can use IncomeShares Alphabet historical prices to predict the future IncomeShares Alphabet's volatility.
IncomeShares Alphabet appears to be not too volatile, given 3 months investment horizon. IncomeShares Alphabet holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for IncomeShares Alphabet, which you can use to evaluate the volatility of the entity. Please utilize IncomeShares Alphabet's Market Risk Adjusted Performance of 3.14, downside deviation of 2.09, and Risk Adjusted Performance of 0.1948 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IncomeShares Alphabet's returns are expected to increase less than the market. However, during the bear market, the loss of holding IncomeShares Alphabet is expected to be smaller as well.
Auto-correlation
0.10
Insignificant predictability
IncomeShares Alphabet Options has insignificant predictability. Overlapping area represents the amount of predictability between IncomeShares Alphabet time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Alphabet price movement. The serial correlation of 0.1 indicates that less than 10.0% of current IncomeShares Alphabet price fluctuation can be explain by its past prices.
Correlation Coefficient
0.1
Spearman Rank Test
-0.05
Residual Average
0.0
Price Variance
0.01
IncomeShares Alphabet lagged returns against current returns
Autocorrelation, which is IncomeShares Alphabet 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 Alphabet's etf expected returns. We can calculate the autocorrelation of IncomeShares Alphabet returns to help us make a trade decision. For example, suppose you find that IncomeShares Alphabet 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 Alphabet 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 Alphabet etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IncomeShares Alphabet etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IncomeShares Alphabet etf over time.
Current vs Lagged Prices
Timeline
IncomeShares Alphabet Lagged Returns
When evaluating IncomeShares Alphabet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IncomeShares Alphabet etf have on its future price. IncomeShares Alphabet 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 Alphabet autocorrelation shows the relationship between IncomeShares Alphabet etf current value and its past values and can show if there is a momentum factor associated with investing in IncomeShares Alphabet Options.
Regressed Prices
Timeline
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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.