Multi Units (France) Market Value

NRJ Etf  EUR 26.60  0.38  1.41%   
Multi Units' market value is the price at which a share of Multi Units trades on a public exchange. It measures the collective expectations of Multi Units France investors about its performance. Multi Units is trading at 26.60 as of the 11th of December 2024, a 1.41 percent decrease since the beginning of the trading day. The etf's open price was 26.98.
With this module, you can estimate the performance of a buy and hold strategy of Multi Units France and determine expected loss or profit from investing in Multi Units over a given investment horizon. Check out Multi Units Correlation, Multi Units Volatility and Multi Units Alpha and Beta module to complement your research on Multi Units.
Symbol

Please note, there is a significant difference between Multi Units' value and its price as these two are different measures arrived at by different means. Investors typically determine if Multi Units is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Multi Units' 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.

Multi Units '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 Multi Units' 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 Multi Units.
0.00
07/20/2023
No Change 0.00  0.0 
In 1 year 4 months and 25 days
12/11/2024
0.00
If you would invest  0.00  in Multi Units on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Multi Units France or generate 0.0% return on investment in Multi Units over 510 days. Multi Units is related to or competes with Multi Units, Lyxor Commodities, UST Inc, and Multi Units. The Lyxor New Energy UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark index World Al... More

Multi Units 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 Multi Units' 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 Multi Units France upside and downside potential and time the market with a certain degree of confidence.

Multi Units Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Multi Units' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multi Units' standard deviation. In reality, there are many statistical measures that can use Multi Units historical prices to predict the future Multi Units' volatility.
Hype
Prediction
LowEstimatedHigh
25.5226.6027.68
Details
Intrinsic
Valuation
LowRealHigh
24.5625.6426.72
Details
Naive
Forecast
LowNextHigh
25.2826.3627.43
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.1727.0027.82
Details

Multi Units France Backtested Returns

At this point, Multi Units is very steady. Multi Units France has Sharpe Ratio of 0.0108, which conveys that the entity had a 0.0108% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Multi Units, which you can use to evaluate the volatility of the etf. Please verify Multi Units' Mean Deviation of 0.8494, downside deviation of 1.2, and Risk Adjusted Performance of 0.0507 to check out if the risk estimate we provide is consistent with the expected return of 0.0116%. The etf secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Multi Units are expected to decrease at a much lower rate. During the bear market, Multi Units is likely to outperform the market.

Auto-correlation

    
  -0.03  

Very weak reverse predictability

Multi Units France has very weak reverse predictability. Overlapping area represents the amount of predictability between Multi Units time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Multi Units France price movement. The serial correlation of -0.03 indicates that only 3.0% of current Multi Units price fluctuation can be explain by its past prices.
Correlation Coefficient-0.03
Spearman Rank Test0.07
Residual Average0.0
Price Variance0.71

Multi Units France lagged returns against current returns

Autocorrelation, which is Multi Units 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 Multi Units' etf expected returns. We can calculate the autocorrelation of Multi Units returns to help us make a trade decision. For example, suppose you find that Multi Units 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  

Multi Units 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 Multi Units etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multi Units etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multi Units etf over time.
   Current vs Lagged Prices   
       Timeline  

Multi Units Lagged Returns

When evaluating Multi Units' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multi Units etf have on its future price. Multi Units 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, Multi Units autocorrelation shows the relationship between Multi Units etf current value and its past values and can show if there is a momentum factor associated with investing in Multi Units France.
   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.

Other Information on Investing in Multi Etf

Multi Units financial ratios help investors to determine whether Multi Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Multi with respect to the benefits of owning Multi Units security.