Ossiam Irl (Germany) Market Value
| OUFE Etf | EUR 206.75 0.55 0.27% |
| Symbol | Ossiam |
Please note, there is a significant difference between Ossiam Irl's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ossiam Irl is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ossiam Irl's 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.
Ossiam Irl '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 Irl'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 Irl.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Ossiam Irl on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Ossiam Irl Icav or generate 0.0% return on investment in Ossiam Irl over 30 days. Ossiam Irl is related to or competes with UBS Fund, Xtrackers, Xtrackers Nikkei, IShares VII, SPDR Gold, Vanguard Funds, and IShares Nikkei. The objective of the Fund is to deliver the net total returns of a selection of listed US equities More
Ossiam Irl 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 Irl'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 Irl Icav upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.692 | |||
| Information Ratio | 0.1669 | |||
| Maximum Drawdown | 6.05 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 1.27 |
Ossiam Irl Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ossiam Irl's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ossiam Irl's standard deviation. In reality, there are many statistical measures that can use Ossiam Irl historical prices to predict the future Ossiam Irl's volatility.| Risk Adjusted Performance | 0.1643 | |||
| Jensen Alpha | 0.1574 | |||
| Total Risk Alpha | 0.1378 | |||
| Sortino Ratio | 0.2007 | |||
| Treynor Ratio | 0.7926 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ossiam Irl's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ossiam Irl Icav Backtested Returns
At this point, Ossiam Irl is very steady. Ossiam Irl Icav maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ossiam Irl Icav, which you can use to evaluate the volatility of the etf. Please check Ossiam Irl's Semi Deviation of 0.3441, coefficient of variation of 483.74, and Risk Adjusted Performance of 0.1643 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The etf holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ossiam Irl's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ossiam Irl is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
Ossiam Irl Icav has weak reverse predictability. Overlapping area represents the amount of predictability between Ossiam Irl time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Irl Icav price movement. The serial correlation of -0.22 indicates that over 22.0% of current Ossiam Irl price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 2.95 |
Ossiam Irl Icav lagged returns against current returns
Autocorrelation, which is Ossiam Irl 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 Irl's etf expected returns. We can calculate the autocorrelation of Ossiam Irl returns to help us make a trade decision. For example, suppose you find that Ossiam Irl 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 |
Ossiam Irl 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 Irl etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ossiam Irl etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ossiam Irl etf over time.
Current vs Lagged Prices |
| Timeline |
Ossiam Irl Lagged Returns
When evaluating Ossiam Irl's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ossiam Irl etf have on its future price. Ossiam Irl 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 Irl autocorrelation shows the relationship between Ossiam Irl etf current value and its past values and can show if there is a momentum factor associated with investing in Ossiam Irl Icav.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ossiam Etf
Ossiam Irl financial ratios help investors to determine whether Ossiam 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 Ossiam with respect to the benefits of owning Ossiam Irl security.