512730's market value is the price at which a share of 512730 trades on a public exchange. It measures the collective expectations of 512730 investors about its performance. 512730 is trading at 1.43 as of the 1st of December 2024, a 1.42% up since the beginning of the trading day. The etf's open price was 1.41. With this module, you can estimate the performance of a buy and hold strategy of 512730 and determine expected loss or profit from investing in 512730 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
512730
512730 '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 512730'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 512730.
0.00
11/01/2024
No Change 0.00
0.0
In 30 days
12/01/2024
0.00
If you would invest 0.00 in 512730 on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding 512730 or generate 0.0% return on investment in 512730 over 30 days.
512730 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 512730'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 512730 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 512730's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 512730's standard deviation. In reality, there are many statistical measures that can use 512730 historical prices to predict the future 512730's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 512730. Your research has to be compared to or analyzed against 512730's peers to derive any actionable benefits. When done correctly, 512730'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 512730.
512730 Backtested Returns
At this point, 512730 is risky. 512730 retains Efficiency (Sharpe Ratio) of 0.1, which signifies that the etf had a 0.1% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for 512730, which you can use to evaluate the volatility of the entity. Please confirm 512730's Market Risk Adjusted Performance of 2.7, coefficient of variation of 980.61, and Standard Deviation of 1.83 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. The entity owns a Beta (Systematic Risk) of 0.0658, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 512730's returns are expected to increase less than the market. However, during the bear market, the loss of holding 512730 is expected to be smaller as well.
Auto-correlation
-0.65
Very good reverse predictability
512730 has very good reverse predictability. Overlapping area represents the amount of predictability between 512730 time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 512730 price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current 512730 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.65
Spearman Rank Test
-0.35
Residual Average
0.0
Price Variance
0.0
512730 lagged returns against current returns
Autocorrelation, which is 512730 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 512730's etf expected returns. We can calculate the autocorrelation of 512730 returns to help us make a trade decision. For example, suppose you find that 512730 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
512730 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 512730 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 512730 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 512730 etf over time.
Current vs Lagged Prices
Timeline
512730 Lagged Returns
When evaluating 512730's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 512730 etf have on its future price. 512730 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, 512730 autocorrelation shows the relationship between 512730 etf current value and its past values and can show if there is a momentum factor associated with investing in 512730.