159005's market value is the price at which a share of 159005 trades on a public exchange. It measures the collective expectations of 159005 investors about its performance. 159005 is trading at 100.00 as of the 22nd of November 2024, a No Change since the beginning of the trading day. The etf's open price was 100.0. With this module, you can estimate the performance of a buy and hold strategy of 159005 and determine expected loss or profit from investing in 159005 over a given investment horizon. 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 board of governors.
Symbol
159005
159005 '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 159005'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 159005.
0.00
09/23/2024
No Change 0.00
0.0
In 2 months and 2 days
11/22/2024
0.00
If you would invest 0.00 in 159005 on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding 159005 or generate 0.0% return on investment in 159005 over 60 days.
159005 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 159005'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 159005 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 159005's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 159005's standard deviation. In reality, there are many statistical measures that can use 159005 historical prices to predict the future 159005's volatility.
At this point, 159005 is very steady. 159005 retains Efficiency (Sharpe Ratio) of 0.22, which signifies that the etf had a 0.22% return per unit of price deviation over the last 3 months. We have found seventeen technical indicators for 159005, which you can use to evaluate the volatility of the entity. Please confirm 159005's Market Risk Adjusted Performance of 0.4731, information ratio of (3.67), and Variance of 8.0E-4 to double-check if the risk estimate we provide is consistent with the expected return of 0.0067%. The entity owns a Beta (Systematic Risk) of -0.0088, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 159005 are expected to decrease at a much lower rate. During the bear market, 159005 is likely to outperform the market.
Auto-correlation
0.88
Very good predictability
159005 has very good predictability. Overlapping area represents the amount of predictability between 159005 time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 2024 to 22nd 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 159005 price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current 159005 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.88
Spearman Rank Test
0.98
Residual Average
0.0
Price Variance
0.0
159005 lagged returns against current returns
Autocorrelation, which is 159005 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 159005's etf expected returns. We can calculate the autocorrelation of 159005 returns to help us make a trade decision. For example, suppose you find that 159005 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
159005 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 159005 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 159005 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 159005 etf over time.
Current vs Lagged Prices
Timeline
159005 Lagged Returns
When evaluating 159005's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 159005 etf have on its future price. 159005 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, 159005 autocorrelation shows the relationship between 159005 etf current value and its past values and can show if there is a momentum factor associated with investing in 159005.
Regressed Prices
Timeline
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