159551's market value is the price at which a share of 159551 trades on a public exchange. It measures the collective expectations of 159551 investors about its performance. 159551 is trading at 0.98 as of the 28th of November 2024, a 2.08% up since the beginning of the trading day. The etf's open price was 0.96. With this module, you can estimate the performance of a buy and hold strategy of 159551 and determine expected loss or profit from investing in 159551 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 nation.
Symbol
159551
159551 '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 159551'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 159551.
0.00
10/29/2024
No Change 0.00
0.0
In 31 days
11/28/2024
0.00
If you would invest 0.00 in 159551 on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding 159551 or generate 0.0% return on investment in 159551 over 30 days.
159551 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 159551'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 159551 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 159551's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 159551's standard deviation. In reality, there are many statistical measures that can use 159551 historical prices to predict the future 159551's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 159551. Your research has to be compared to or analyzed against 159551's peers to derive any actionable benefits. When done correctly, 159551's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in 159551.
159551 Backtested Returns
159551 appears to be dangerous, given 3 months investment horizon. 159551 retains Efficiency (Sharpe Ratio) of 0.16, which signifies that the etf had a 0.16% return per unit of price deviation over the last 3 months. By evaluating 159551's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of 159551's Coefficient Of Variation of 624.41, market risk adjusted performance of (3.52), and Standard Deviation of 3.08 to double-check if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 159551 are expected to decrease at a much lower rate. During the bear market, 159551 is likely to outperform the market.
Auto-correlation
-0.44
Modest reverse predictability
159551 has modest reverse predictability. Overlapping area represents the amount of predictability between 159551 time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 159551 price movement. The serial correlation of -0.44 indicates that just about 44.0% of current 159551 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.44
Spearman Rank Test
-0.43
Residual Average
0.0
Price Variance
0.0
159551 lagged returns against current returns
Autocorrelation, which is 159551 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 159551's etf expected returns. We can calculate the autocorrelation of 159551 returns to help us make a trade decision. For example, suppose you find that 159551 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
159551 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 159551 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 159551 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 159551 etf over time.
Current vs Lagged Prices
Timeline
159551 Lagged Returns
When evaluating 159551's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 159551 etf have on its future price. 159551 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, 159551 autocorrelation shows the relationship between 159551 etf current value and its past values and can show if there is a momentum factor associated with investing in 159551.
Regressed Prices
Timeline
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