159681's market value is the price at which a share of 159681 trades on a public exchange. It measures the collective expectations of 159681 investors about its performance. 159681 is trading at 0.91 as of the 31st of January 2025, a 1.09% down since the beginning of the trading day. The etf's open price was 0.92. With this module, you can estimate the performance of a buy and hold strategy of 159681 and determine expected loss or profit from investing in 159681 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
159681
159681 '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 159681'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 159681.
0.00
01/01/2025
No Change 0.00
0.0
In 31 days
01/31/2025
0.00
If you would invest 0.00 in 159681 on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding 159681 or generate 0.0% return on investment in 159681 over 30 days.
159681 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 159681'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 159681 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 159681's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 159681's standard deviation. In reality, there are many statistical measures that can use 159681 historical prices to predict the future 159681's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 159681. Your research has to be compared to or analyzed against 159681's peers to derive any actionable benefits. When done correctly, 159681'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 159681.
159681 Backtested Returns
159681 retains Efficiency (Sharpe Ratio) of -0.0337, which signifies that the etf had a -0.0337 % return per unit of price deviation over the last 3 months. 159681 exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 159681's Information Ratio of (0.09), variance of 4.14, and Market Risk Adjusted Performance of 0.789 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 159681 are expected to decrease at a much lower rate. During the bear market, 159681 is likely to outperform the market.
Auto-correlation
-0.55
Good reverse predictability
159681 has good reverse predictability. Overlapping area represents the amount of predictability between 159681 time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 159681 price movement. The serial correlation of -0.55 indicates that about 55.0% of current 159681 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.55
Spearman Rank Test
-0.02
Residual Average
0.0
Price Variance
0.0
159681 lagged returns against current returns
Autocorrelation, which is 159681 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 159681's etf expected returns. We can calculate the autocorrelation of 159681 returns to help us make a trade decision. For example, suppose you find that 159681 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
159681 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 159681 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 159681 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 159681 etf over time.
Current vs Lagged Prices
Timeline
159681 Lagged Returns
When evaluating 159681's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 159681 etf have on its future price. 159681 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, 159681 autocorrelation shows the relationship between 159681 etf current value and its past values and can show if there is a momentum factor associated with investing in 159681.
Regressed Prices
Timeline
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