IncomeShares Tesla's market value is the price at which a share of IncomeShares Tesla trades on a public exchange. It measures the collective expectations of IncomeShares Tesla TSLA investors about its performance. IncomeShares Tesla is selling for under 9.99 as of the 29th of December 2024; that is 6.05% increase since the beginning of the trading day. The etf's lowest day price was 9.93. With this module, you can estimate the performance of a buy and hold strategy of IncomeShares Tesla TSLA and determine expected loss or profit from investing in IncomeShares Tesla 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 board of governors.
Symbol
IncomeShares
IncomeShares Tesla '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 Tesla'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 Tesla.
0.00
11/29/2024
No Change 0.00
0.0
In 30 days
12/29/2024
0.00
If you would invest 0.00 in IncomeShares Tesla on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding IncomeShares Tesla TSLA or generate 0.0% return on investment in IncomeShares Tesla over 30 days.
IncomeShares Tesla 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 Tesla'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 Tesla TSLA 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 Tesla's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IncomeShares Tesla's standard deviation. In reality, there are many statistical measures that can use IncomeShares Tesla historical prices to predict the future IncomeShares Tesla's volatility.
Currently, IncomeShares Tesla TSLA is somewhat reliable. IncomeShares Tesla TSLA holds Efficiency (Sharpe) Ratio of 0.0533, which attests that the entity had a 0.0533% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for IncomeShares Tesla TSLA, which you can use to evaluate the volatility of the entity. Please check out IncomeShares Tesla's Downside Deviation of 2.66, market risk adjusted performance of (0.19), and Risk Adjusted Performance of 0.0559 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The etf retains a Market Volatility (i.e., Beta) of -0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IncomeShares Tesla are expected to decrease at a much lower rate. During the bear market, IncomeShares Tesla is likely to outperform the market.
Auto-correlation
0.19
Very weak predictability
IncomeShares Tesla TSLA has very weak predictability. Overlapping area represents the amount of predictability between IncomeShares Tesla time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th 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 Tesla TSLA price movement. The serial correlation of 0.19 indicates that over 19.0% of current IncomeShares Tesla price fluctuation can be explain by its past prices.
Correlation Coefficient
0.19
Spearman Rank Test
-0.3
Residual Average
0.0
Price Variance
0.03
IncomeShares Tesla TSLA lagged returns against current returns
Autocorrelation, which is IncomeShares Tesla 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 Tesla's etf expected returns. We can calculate the autocorrelation of IncomeShares Tesla returns to help us make a trade decision. For example, suppose you find that IncomeShares Tesla 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 Tesla 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 Tesla etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IncomeShares Tesla etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IncomeShares Tesla etf over time.
Current vs Lagged Prices
Timeline
IncomeShares Tesla Lagged Returns
When evaluating IncomeShares Tesla's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IncomeShares Tesla etf have on its future price. IncomeShares Tesla 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 Tesla autocorrelation shows the relationship between IncomeShares Tesla etf current value and its past values and can show if there is a momentum factor associated with investing in IncomeShares Tesla TSLA.
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.