NewFunds MAPPS's market value is the price at which a share of NewFunds MAPPS trades on a public exchange. It measures the collective expectations of NewFunds MAPPS Growth investors about its performance. NewFunds MAPPS is trading at 3337.00 as of the 15th of December 2024, a 0.51 percent increase since the beginning of the trading day. The etf's open price was 3320.0. With this module, you can estimate the performance of a buy and hold strategy of NewFunds MAPPS Growth and determine expected loss or profit from investing in NewFunds MAPPS over a given investment horizon. Check out World Market Map 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 nation.
Symbol
NewFunds
NewFunds MAPPS '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 NewFunds MAPPS'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 NewFunds MAPPS.
0.00
10/16/2024
No Change 0.00
0.0
In 2 months and 2 days
12/15/2024
0.00
If you would invest 0.00 in NewFunds MAPPS on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding NewFunds MAPPS Growth or generate 0.0% return on investment in NewFunds MAPPS over 60 days.
NewFunds MAPPS 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 NewFunds MAPPS'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 NewFunds MAPPS Growth 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 NewFunds MAPPS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NewFunds MAPPS's standard deviation. In reality, there are many statistical measures that can use NewFunds MAPPS historical prices to predict the future NewFunds MAPPS's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NewFunds MAPPS. Your research has to be compared to or analyzed against NewFunds MAPPS's peers to derive any actionable benefits. When done correctly, NewFunds MAPPS's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NewFunds MAPPS Growth.
NewFunds MAPPS Growth Backtested Returns
At this point, NewFunds MAPPS is very steady. NewFunds MAPPS Growth has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for NewFunds MAPPS, which you can use to evaluate the volatility of the etf. Please verify NewFunds MAPPS's Risk Adjusted Performance of 0.0795, downside deviation of 0.6664, and Mean Deviation of 0.5889 to check out if the risk estimate we provide is consistent with the expected return of 0.0852%. The etf secures a Beta (Market Risk) of -0.0584, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NewFunds MAPPS are expected to decrease at a much lower rate. During the bear market, NewFunds MAPPS is likely to outperform the market.
Auto-correlation
-0.69
Very good reverse predictability
NewFunds MAPPS Growth has very good reverse predictability. Overlapping area represents the amount of predictability between NewFunds MAPPS time series from 16th of October 2024 to 15th of November 2024 and 15th of November 2024 to 15th 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 NewFunds MAPPS Growth price movement. The serial correlation of -0.69 indicates that around 69.0% of current NewFunds MAPPS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.69
Spearman Rank Test
-0.56
Residual Average
0.0
Price Variance
714.14
NewFunds MAPPS Growth lagged returns against current returns
Autocorrelation, which is NewFunds MAPPS 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 NewFunds MAPPS's etf expected returns. We can calculate the autocorrelation of NewFunds MAPPS returns to help us make a trade decision. For example, suppose you find that NewFunds MAPPS 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
NewFunds MAPPS 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 NewFunds MAPPS etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NewFunds MAPPS etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NewFunds MAPPS etf over time.
Current vs Lagged Prices
Timeline
NewFunds MAPPS Lagged Returns
When evaluating NewFunds MAPPS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NewFunds MAPPS etf have on its future price. NewFunds MAPPS 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, NewFunds MAPPS autocorrelation shows the relationship between NewFunds MAPPS etf current value and its past values and can show if there is a momentum factor associated with investing in NewFunds MAPPS Growth.
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.