Main International Etf Market Value
| INTL Etf | USD 22.70 0.02 0.09% |
| Symbol | Main |
The market value of Main International ETF is measured differently than its book value, which is the value of Main that is recorded on the company's balance sheet. Investors also form their own opinion of Main International's value that differs from its market value or its book value, called intrinsic value, which is Main International'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 Main International's market value can be influenced by many factors that don't directly affect Main International'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 Main International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Main International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Main International'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.
Main International '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 Main International'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 Main International.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Main International on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Main International ETF or generate 0.0% return on investment in Main International over 30 days. Main International is related to or competes with ABIVAX Société, HUMANA, SCOR PK, Pinnacle Sherman, Ab Pennsylvania, Barloworld, and Morningstar Unconstrained. StoneX Group Inc. operates as a financial services company worldwide More
Main International 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 Main International'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 Main International ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.79 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 1.51 |
Main International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Main International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Main International's standard deviation. In reality, there are many statistical measures that can use Main International historical prices to predict the future Main International's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Main International'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.
Main International ETF Backtested Returns
Main International ETF has Sharpe Ratio of -0.0396, which conveys that the entity had a -0.0396% return per unit of risk over the last 3 months. Main International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Main International's Mean Deviation of 0.6574, standard deviation of 0.9062, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Main International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Main International is expected to be smaller as well.
Auto-correlation | -0.32 |
Poor reverse predictability
Main International ETF has poor reverse predictability. Overlapping area represents the amount of predictability between Main International 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 Main International ETF price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Main International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Main International ETF lagged returns against current returns
Autocorrelation, which is Main International 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 Main International's etf expected returns. We can calculate the autocorrelation of Main International returns to help us make a trade decision. For example, suppose you find that Main International 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 |
Main International 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 Main International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Main International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Main International etf over time.
Current vs Lagged Prices |
| Timeline |
Main International Lagged Returns
When evaluating Main International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Main International etf have on its future price. Main International 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, Main International autocorrelation shows the relationship between Main International etf current value and its past values and can show if there is a momentum factor associated with investing in Main International ETF.
Regressed Prices |
| Timeline |
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Main International 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.