IncomeShares META's market value is the price at which a share of IncomeShares META trades on a public exchange. It measures the collective expectations of IncomeShares META Options investors about its performance. IncomeShares META is trading at 9.75 as of the 27th of December 2024, a 0.52% increase since the beginning of the trading day. The etf's lowest day price was 9.65. With this module, you can estimate the performance of a buy and hold strategy of IncomeShares META Options and determine expected loss or profit from investing in IncomeShares META over a given investment horizon. Check out Correlation 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 META '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 META'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 META.
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01/07/2023
No Change 0.00
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In 1 year 11 months and 22 days
12/27/2024
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If you would invest 0.00 in IncomeShares META on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding IncomeShares META Options or generate 0.0% return on investment in IncomeShares META over 720 days.
IncomeShares META 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 META'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 META 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 META's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IncomeShares META's standard deviation. In reality, there are many statistical measures that can use IncomeShares META historical prices to predict the future IncomeShares META's volatility.
At this point, IncomeShares META is not too volatile. IncomeShares META Options holds Efficiency (Sharpe) Ratio of 0.098, which attests that the entity had a 0.098% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for IncomeShares META Options, which you can use to evaluate the volatility of the entity. Please check out IncomeShares META's Downside Deviation of 1.43, market risk adjusted performance of 1.07, and Risk Adjusted Performance of 0.083 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. 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 META's returns are expected to increase less than the market. However, during the bear market, the loss of holding IncomeShares META is expected to be smaller as well.
Auto-correlation
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No correlation between past and present
IncomeShares META Options has no correlation between past and present. Overlapping area represents the amount of predictability between IncomeShares META time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 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 META Options price movement. The serial correlation of 0.0 indicates that just 0.0% of current IncomeShares META price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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IncomeShares META Options lagged returns against current returns
Autocorrelation, which is IncomeShares META 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 META's etf expected returns. We can calculate the autocorrelation of IncomeShares META returns to help us make a trade decision. For example, suppose you find that IncomeShares META 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 META 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 META etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IncomeShares META etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IncomeShares META etf over time.
Current vs Lagged Prices
Timeline
IncomeShares META Lagged Returns
When evaluating IncomeShares META's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IncomeShares META etf have on its future price. IncomeShares META 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 META autocorrelation shows the relationship between IncomeShares META etf current value and its past values and can show if there is a momentum factor associated with investing in IncomeShares META 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.