Roundhill ETF Trust Market Value
| KNGSDelisted Etf | USD 28.70 0.05 0.17% |
| Symbol | Roundhill |
Roundhill ETF '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 Roundhill ETF'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 Roundhill ETF.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Roundhill ETF on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Roundhill ETF Trust or generate 0.0% return on investment in Roundhill ETF over 90 days. Roundhill ETF is related to or competes with Sterling Capital, Northern Lights, Innovator Russell, and AdvisorShares. The fund generally invests in securities that Upholdings believes have the potential to compound at a higher rate than t... More
Roundhill ETF 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 Roundhill ETF'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 Roundhill ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 2.46 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 1.02 |
Roundhill ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roundhill ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roundhill ETF's standard deviation. In reality, there are many statistical measures that can use Roundhill ETF historical prices to predict the future Roundhill ETF's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.04) |
Roundhill ETF Trust Backtested Returns
Roundhill ETF Trust maintains Sharpe Ratio (i.e., Efficiency) of -0.0396, which implies the entity had a -0.0396% return per unit of risk over the last 3 months. Roundhill ETF Trust exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Roundhill ETF's Risk Adjusted Performance of (0.02), variance of 0.3581, and Coefficient Of Variation of (4,622) to confirm the risk estimate we provide. The etf holds a Beta of 0.52, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Roundhill ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Roundhill ETF is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Roundhill ETF Trust has insignificant reverse predictability. Overlapping area represents the amount of predictability between Roundhill ETF time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Roundhill ETF Trust price movement. The serial correlation of -0.2 indicates that over 20.0% of current Roundhill ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Roundhill ETF Trust lagged returns against current returns
Autocorrelation, which is Roundhill ETF 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 Roundhill ETF's etf expected returns. We can calculate the autocorrelation of Roundhill ETF returns to help us make a trade decision. For example, suppose you find that Roundhill ETF 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 |
Roundhill ETF 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 Roundhill ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roundhill ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roundhill ETF etf over time.
Current vs Lagged Prices |
| Timeline |
Roundhill ETF Lagged Returns
When evaluating Roundhill ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roundhill ETF etf have on its future price. Roundhill ETF 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, Roundhill ETF autocorrelation shows the relationship between Roundhill ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Roundhill ETF Trust.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Roundhill ETF Correlation, Roundhill ETF Volatility and Roundhill ETF Alpha and Beta module to complement your research on Roundhill ETF. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Roundhill Etf
If you are still planning to invest in Roundhill ETF Trust check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Roundhill ETF's history and understand the potential risks before investing.
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