IncomeShares Nasdaq's market value is the price at which a share of IncomeShares Nasdaq trades on a public exchange. It measures the collective expectations of IncomeShares Nasdaq 100 investors about its performance. IncomeShares Nasdaq is trading at 8.65 as of the 27th of December 2024, a No Change since the beginning of the trading day. The etf's lowest day price was 8.6. With this module, you can estimate the performance of a buy and hold strategy of IncomeShares Nasdaq 100 and determine expected loss or profit from investing in IncomeShares Nasdaq 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
IncomeShares
IncomeShares Nasdaq '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 Nasdaq'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 Nasdaq.
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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 Nasdaq on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding IncomeShares Nasdaq 100 or generate 0.0% return on investment in IncomeShares Nasdaq over 720 days.
IncomeShares Nasdaq 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 Nasdaq'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 Nasdaq 100 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 Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IncomeShares Nasdaq's standard deviation. In reality, there are many statistical measures that can use IncomeShares Nasdaq historical prices to predict the future IncomeShares Nasdaq's volatility.
IncomeShares Nasdaq 100 holds Efficiency (Sharpe) Ratio of -0.014, which attests that the entity had a -0.014% return per unit of risk over the last 3 months. IncomeShares Nasdaq 100 exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IncomeShares Nasdaq's Market Risk Adjusted Performance of (0.26), standard deviation of 1.09, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.0947, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IncomeShares Nasdaq's returns are expected to increase less than the market. However, during the bear market, the loss of holding IncomeShares Nasdaq is expected to be smaller as well.
Auto-correlation
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No correlation between past and present
IncomeShares Nasdaq 100 has no correlation between past and present. Overlapping area represents the amount of predictability between IncomeShares Nasdaq 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 Nasdaq 100 price movement. The serial correlation of 0.0 indicates that just 0.0% of current IncomeShares Nasdaq 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 Nasdaq 100 lagged returns against current returns
Autocorrelation, which is IncomeShares Nasdaq 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 Nasdaq's etf expected returns. We can calculate the autocorrelation of IncomeShares Nasdaq returns to help us make a trade decision. For example, suppose you find that IncomeShares Nasdaq 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 Nasdaq 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 Nasdaq etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IncomeShares Nasdaq etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IncomeShares Nasdaq etf over time.
Current vs Lagged Prices
Timeline
IncomeShares Nasdaq Lagged Returns
When evaluating IncomeShares Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IncomeShares Nasdaq etf have on its future price. IncomeShares Nasdaq 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 Nasdaq autocorrelation shows the relationship between IncomeShares Nasdaq etf current value and its past values and can show if there is a momentum factor associated with investing in IncomeShares Nasdaq 100.
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.