Ossiam Bloomberg's market value is the price at which a share of Ossiam Bloomberg trades on a public exchange. It measures the collective expectations of Ossiam Bloomberg Canada investors about its performance. Ossiam Bloomberg is trading at 129.26 as of the 26th of December 2024, a 0.19 percent decrease since the beginning of the trading day. The etf's lowest day price was 129.26. With this module, you can estimate the performance of a buy and hold strategy of Ossiam Bloomberg Canada and determine expected loss or profit from investing in Ossiam Bloomberg over a given investment horizon. Check out Your Equity Center 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
Ossiam
Ossiam Bloomberg '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 Ossiam Bloomberg'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 Ossiam Bloomberg.
0.00
10/27/2024
No Change 0.00
0.0
In 2 months and 2 days
12/26/2024
0.00
If you would invest 0.00 in Ossiam Bloomberg on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ossiam Bloomberg Canada or generate 0.0% return on investment in Ossiam Bloomberg over 60 days.
Ossiam Bloomberg 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 Ossiam Bloomberg'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 Ossiam Bloomberg Canada 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 Ossiam Bloomberg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ossiam Bloomberg's standard deviation. In reality, there are many statistical measures that can use Ossiam Bloomberg historical prices to predict the future Ossiam Bloomberg's volatility.
At this point, Ossiam Bloomberg is very steady. Ossiam Bloomberg Canada maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ossiam Bloomberg Canada, which you can use to evaluate the volatility of the etf. Please check Ossiam Bloomberg's Semi Deviation of 0.4915, coefficient of variation of 741.45, and Risk Adjusted Performance of 0.1068 to confirm if the risk estimate we provide is consistent with the expected return of 0.0856%. The etf holds a Beta of 0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ossiam Bloomberg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ossiam Bloomberg is expected to be smaller as well.
Auto-correlation
-0.72
Almost perfect reverse predictability
Ossiam Bloomberg Canada has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ossiam Bloomberg time series from 27th of October 2024 to 26th of November 2024 and 26th of November 2024 to 26th 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 Ossiam Bloomberg Canada price movement. The serial correlation of -0.72 indicates that around 72.0% of current Ossiam Bloomberg price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.72
Spearman Rank Test
-0.56
Residual Average
0.0
Price Variance
5.45
Ossiam Bloomberg Canada lagged returns against current returns
Autocorrelation, which is Ossiam Bloomberg 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 Ossiam Bloomberg's etf expected returns. We can calculate the autocorrelation of Ossiam Bloomberg returns to help us make a trade decision. For example, suppose you find that Ossiam Bloomberg 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
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Ossiam Bloomberg 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 Ossiam Bloomberg etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ossiam Bloomberg etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ossiam Bloomberg etf over time.
Current vs Lagged Prices
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Ossiam Bloomberg Lagged Returns
When evaluating Ossiam Bloomberg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ossiam Bloomberg etf have on its future price. Ossiam Bloomberg 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, Ossiam Bloomberg autocorrelation shows the relationship between Ossiam Bloomberg etf current value and its past values and can show if there is a momentum factor associated with investing in Ossiam Bloomberg Canada.
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.