NewFunds TRACI's market value is the price at which a share of NewFunds TRACI trades on a public exchange. It measures the collective expectations of NewFunds TRACI 3 investors about its performance. NewFunds TRACI is trading at 3515.00 as of the 13th of December 2024, a 0.14 percent increase since the beginning of the trading day. The etf's open price was 3510.0. With this module, you can estimate the performance of a buy and hold strategy of NewFunds TRACI 3 and determine expected loss or profit from investing in NewFunds TRACI 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 metropolitan statistical area.
Symbol
NewFunds
NewFunds TRACI '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 TRACI'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 TRACI.
0.00
11/19/2023
No Change 0.00
0.0
In 1 year and 26 days
12/13/2024
0.00
If you would invest 0.00 in NewFunds TRACI on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding NewFunds TRACI 3 or generate 0.0% return on investment in NewFunds TRACI over 390 days.
NewFunds TRACI 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 TRACI'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 TRACI 3 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 TRACI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NewFunds TRACI's standard deviation. In reality, there are many statistical measures that can use NewFunds TRACI historical prices to predict the future NewFunds TRACI's volatility.
At this point, NewFunds TRACI is very steady. NewFunds TRACI 3 has Sharpe Ratio of 0.0901, which conveys that the entity had a 0.0901% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NewFunds TRACI, which you can use to evaluate the volatility of the etf. Please verify NewFunds TRACI's Mean Deviation of 0.1036, risk adjusted performance of 0.0551, and Downside Deviation of 0.6503 to check out if the risk estimate we provide is consistent with the expected return of 0.0326%. The etf secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NewFunds TRACI are expected to decrease at a much lower rate. During the bear market, NewFunds TRACI is likely to outperform the market.
Auto-correlation
0.87
Very good predictability
NewFunds TRACI 3 has very good predictability. Overlapping area represents the amount of predictability between NewFunds TRACI time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 TRACI 3 price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current NewFunds TRACI price fluctuation can be explain by its past prices.
Correlation Coefficient
0.87
Spearman Rank Test
0.92
Residual Average
0.0
Price Variance
2064.75
NewFunds TRACI 3 lagged returns against current returns
Autocorrelation, which is NewFunds TRACI 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 TRACI's etf expected returns. We can calculate the autocorrelation of NewFunds TRACI returns to help us make a trade decision. For example, suppose you find that NewFunds TRACI 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 TRACI 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 TRACI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NewFunds TRACI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NewFunds TRACI etf over time.
Current vs Lagged Prices
Timeline
NewFunds TRACI Lagged Returns
When evaluating NewFunds TRACI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NewFunds TRACI etf have on its future price. NewFunds TRACI 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 TRACI autocorrelation shows the relationship between NewFunds TRACI etf current value and its past values and can show if there is a momentum factor associated with investing in NewFunds TRACI 3.
Regressed Prices
Timeline
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