Us Treasury 6 Etf Market Value
| XBIL Etf | 50.16 0.03 0.06% |
| Symbol | XBIL |
The market value of US Treasury 6 is measured differently than its book value, which is the value of XBIL that is recorded on the company's balance sheet. Investors also form their own opinion of US Treasury's value that differs from its market value or its book value, called intrinsic value, which is US Treasury's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because US Treasury's market value can be influenced by many factors that don't directly affect US Treasury's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between US Treasury's value and its price as these two are different measures arrived at by different means. Investors typically determine if US Treasury is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Treasury'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.
US Treasury '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 US Treasury'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 US Treasury.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in US Treasury on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding US Treasury 6 or generate 0.0% return on investment in US Treasury over 90 days. US Treasury is related to or competes with Rbb Fund, US Treasury, Rbb Fund, and Rbb Fund. US Treasury is entity of United States. It is traded as Etf on NASDAQ exchange. More
US Treasury 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 US Treasury'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 US Treasury 6 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0259 | |||
| Information Ratio | (4.50) | |||
| Maximum Drawdown | 0.1007 | |||
| Value At Risk | (0.02) | |||
| Potential Upside | 0.0604 |
US Treasury Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for US Treasury's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as US Treasury's standard deviation. In reality, there are many statistical measures that can use US Treasury historical prices to predict the future US Treasury's volatility.| Risk Adjusted Performance | 0.2331 | |||
| Jensen Alpha | 0.0071 | |||
| Total Risk Alpha | 0.0034 | |||
| Sortino Ratio | (4.37) | |||
| Treynor Ratio | 4.31 |
US Treasury 6 Backtested Returns
As of now, XBIL Etf is very steady. US Treasury 6 retains Efficiency (Sharpe Ratio) of 0.69, which indicates the etf had a 0.69% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for US Treasury, which you can use to evaluate the volatility of the etf. Please validate US Treasury's Mean Deviation of 0.0201, risk adjusted performance of 0.2331, and Coefficient Of Variation of 144.92 to confirm if the risk estimate we provide is consistent with the expected return of 0.0178%. The entity owns a Beta (Systematic Risk) of 0.0017, which indicates not very significant fluctuations relative to the market. As returns on the market increase, US Treasury's returns are expected to increase less than the market. However, during the bear market, the loss of holding US Treasury is expected to be smaller as well.
Auto-correlation | 0.98 |
Excellent predictability
US Treasury 6 has excellent predictability. Overlapping area represents the amount of predictability between US Treasury time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th of November 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 US Treasury 6 price movement. The serial correlation of 0.98 indicates that 98.0% of current US Treasury price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.98 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
US Treasury 6 lagged returns against current returns
Autocorrelation, which is US Treasury 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 US Treasury's etf expected returns. We can calculate the autocorrelation of US Treasury returns to help us make a trade decision. For example, suppose you find that US Treasury 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 |
US Treasury 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 US Treasury etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if US Treasury etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in US Treasury etf over time.
Current vs Lagged Prices |
| Timeline |
US Treasury Lagged Returns
When evaluating US Treasury's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of US Treasury etf have on its future price. US Treasury 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, US Treasury autocorrelation shows the relationship between US Treasury etf current value and its past values and can show if there is a momentum factor associated with investing in US Treasury 6.
Regressed Prices |
| Timeline |
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US Treasury technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.