IncomeShares NVIDIA's market value is the price at which a share of IncomeShares NVIDIA trades on a public exchange. It measures the collective expectations of IncomeShares NVIDIA NVDA investors about its performance. IncomeShares NVIDIA is selling for under 9.11 as of the 29th of December 2024; that is 0.98% down since the beginning of the trading day. The etf's lowest day price was 8.8. With this module, you can estimate the performance of a buy and hold strategy of IncomeShares NVIDIA NVDA and determine expected loss or profit from investing in IncomeShares NVIDIA 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 NVIDIA '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 NVIDIA'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 NVIDIA.
0.00
11/29/2024
No Change 0.00
0.0
In 30 days
12/29/2024
0.00
If you would invest 0.00 in IncomeShares NVIDIA on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding IncomeShares NVIDIA NVDA or generate 0.0% return on investment in IncomeShares NVIDIA over 30 days.
IncomeShares NVIDIA 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 NVIDIA'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 NVIDIA NVDA 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 NVIDIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IncomeShares NVIDIA's standard deviation. In reality, there are many statistical measures that can use IncomeShares NVIDIA historical prices to predict the future IncomeShares NVIDIA's volatility.
Currently, IncomeShares NVIDIA NVDA is somewhat reliable. IncomeShares NVIDIA NVDA holds Efficiency (Sharpe) Ratio of 0.0667, which attests that the entity had a 0.0667% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for IncomeShares NVIDIA NVDA, which you can use to evaluate the volatility of the entity. Please check out IncomeShares NVIDIA's Market Risk Adjusted Performance of 0.5492, risk adjusted performance of 0.0588, and Downside Deviation of 2.58 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The etf retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IncomeShares NVIDIA's returns are expected to increase less than the market. However, during the bear market, the loss of holding IncomeShares NVIDIA is expected to be smaller as well.
Auto-correlation
-0.38
Poor reverse predictability
IncomeShares NVIDIA NVDA has poor reverse predictability. Overlapping area represents the amount of predictability between IncomeShares NVIDIA time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th 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 NVIDIA NVDA price movement. The serial correlation of -0.38 indicates that just about 38.0% of current IncomeShares NVIDIA price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.38
Spearman Rank Test
-0.62
Residual Average
0.0
Price Variance
0.05
IncomeShares NVIDIA NVDA lagged returns against current returns
Autocorrelation, which is IncomeShares NVIDIA 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 NVIDIA's etf expected returns. We can calculate the autocorrelation of IncomeShares NVIDIA returns to help us make a trade decision. For example, suppose you find that IncomeShares NVIDIA 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 NVIDIA 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 NVIDIA etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IncomeShares NVIDIA etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IncomeShares NVIDIA etf over time.
Current vs Lagged Prices
Timeline
IncomeShares NVIDIA Lagged Returns
When evaluating IncomeShares NVIDIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IncomeShares NVIDIA etf have on its future price. IncomeShares NVIDIA 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 NVIDIA autocorrelation shows the relationship between IncomeShares NVIDIA etf current value and its past values and can show if there is a momentum factor associated with investing in IncomeShares NVIDIA NVDA.
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.