CHIR Etf Forecast - Risk Adjusted Performance
| CHIR Etf | USD 17.11 0.50 3.01% |
CHIR Etf Forecast is based on your current time horizon.
CHIR |
| Check CHIR Volatility | Backtest CHIR | Information Ratio |
CHIR Trading Date Momentum
| On December 11 2024 CHIR was traded for 17.11 at the closing time. The top price for the day was 17.27 and the lowest listed price was 16.61 . There was no trading activity during the period 0.0. Lack of trading volume on December 11, 2024 did not affect price variability. The overall trading delta against the current closing price is 2.92% . |
CHIR Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CHIR etf to make a market-neutral strategy. Peer analysis of CHIR could also be used in its relative valuation, which is a method of valuing CHIR by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CHIR Market Strength Events
Market strength indicators help investors to evaluate how CHIR etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CHIR shares will generate the highest return on investment. By undertsting and applying CHIR etf market strength indicators, traders can identify CHIR entry and exit signals to maximize returns.
CHIR Risk Indicators
The analysis of CHIR's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in CHIR's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting chir etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.84 | |||
| Standard Deviation | 2.4 | |||
| Variance | 5.76 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with CHIR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CHIR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CHIR will appreciate offsetting losses from the drop in the long position's value.Moving against CHIR Etf
| 0.79 | CPST | Calamos ETF Trust | PairCorr |
| 0.78 | PULS | PGIM Ultra Short | PairCorr |
| 0.72 | MPAY | Akros Monthly Payout | PairCorr |
| 0.61 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.6 | CAPD | Barclays Capital | PairCorr |
The ability to find closely correlated positions to CHIR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CHIR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CHIR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CHIR to buy it.
The correlation of CHIR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CHIR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CHIR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CHIR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities 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 gross domestic product. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of CHIR is measured differently than its book value, which is the value of CHIR that is recorded on the company's balance sheet. Investors also form their own opinion of CHIR's value that differs from its market value or its book value, called intrinsic value, which is CHIR'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 CHIR's market value can be influenced by many factors that don't directly affect CHIR'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 CHIR's value and its price as these two are different measures arrived at by different means. Investors typically determine if CHIR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHIR'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.