SOL TOP5 (Korea) Market Value
| 447620 Etf | 13,640 105.00 0.76% |
| Symbol | SOL |
SOL TOP5 '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 SOL TOP5'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 SOL TOP5.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in SOL TOP5 on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding SOL TOP5 Blended or generate 0.0% return on investment in SOL TOP5 over 30 days.
SOL TOP5 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 SOL TOP5'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 SOL TOP5 Blended upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5816 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 2.55 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 1.03 |
SOL TOP5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SOL TOP5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOL TOP5's standard deviation. In reality, there are many statistical measures that can use SOL TOP5 historical prices to predict the future SOL TOP5's volatility.| Risk Adjusted Performance | 0.1015 | |||
| Jensen Alpha | 0.0834 | |||
| Total Risk Alpha | 0.0166 | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.27) |
SOL TOP5 Blended Backtested Returns
At this point, SOL TOP5 is very steady. SOL TOP5 Blended owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the etf had a 0.16 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SOL TOP5 Blended, which you can use to evaluate the volatility of the etf. Please validate SOL TOP5's risk adjusted performance of 0.1015, and Coefficient Of Variation of 796.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.0984%. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SOL TOP5 are expected to decrease at a much lower rate. During the bear market, SOL TOP5 is likely to outperform the market.
Auto-correlation | -0.12 |
Insignificant reverse predictability
SOL TOP5 Blended has insignificant reverse predictability. Overlapping area represents the amount of predictability between SOL TOP5 time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 SOL TOP5 Blended price movement. The serial correlation of -0.12 indicates that less than 12.0% of current SOL TOP5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 4218.75 |
SOL TOP5 Blended lagged returns against current returns
Autocorrelation, which is SOL TOP5 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 SOL TOP5's etf expected returns. We can calculate the autocorrelation of SOL TOP5 returns to help us make a trade decision. For example, suppose you find that SOL TOP5 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 |
SOL TOP5 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 SOL TOP5 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOL TOP5 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOL TOP5 etf over time.
Current vs Lagged Prices |
| Timeline |
SOL TOP5 Lagged Returns
When evaluating SOL TOP5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOL TOP5 etf have on its future price. SOL TOP5 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, SOL TOP5 autocorrelation shows the relationship between SOL TOP5 etf current value and its past values and can show if there is a momentum factor associated with investing in SOL TOP5 Blended.
Regressed Prices |
| Timeline |
Pair Trading with SOL TOP5
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 SOL TOP5 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 SOL TOP5 will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SOL TOP5 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SOL TOP5 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 SOL TOP5 - 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 SOL TOP5 Blended to buy it.
The correlation of SOL TOP5 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 SOL TOP5 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SOL TOP5 Blended 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 SOL TOP5 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.