513880's market value is the price at which a share of 513880 trades on a public exchange. It measures the collective expectations of 513880 investors about its performance. 513880 is trading at 1.31 as of the 1st of December 2024, a 0.77% up since the beginning of the trading day. The etf's open price was 1.3. With this module, you can estimate the performance of a buy and hold strategy of 513880 and determine expected loss or profit from investing in 513880 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
513880
513880 '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 513880'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 513880.
0.00
09/02/2024
No Change 0.00
0.0
In 3 months and 1 day
12/01/2024
0.00
If you would invest 0.00 in 513880 on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding 513880 or generate 0.0% return on investment in 513880 over 90 days.
513880 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 513880'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 513880 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 513880's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 513880's standard deviation. In reality, there are many statistical measures that can use 513880 historical prices to predict the future 513880's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 513880. Your research has to be compared to or analyzed against 513880's peers to derive any actionable benefits. When done correctly, 513880'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 513880.
513880 Backtested Returns
513880 retains Efficiency (Sharpe Ratio) of -0.0281, which signifies that the etf had a -0.0281% return per unit of price deviation over the last 3 months. 513880 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 513880's Information Ratio of (0.13), market risk adjusted performance of (0.05), and Variance of 1.21 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 513880's returns are expected to increase less than the market. However, during the bear market, the loss of holding 513880 is expected to be smaller as well.
Auto-correlation
0.09
Virtually no predictability
513880 has virtually no predictability. Overlapping area represents the amount of predictability between 513880 time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 513880 price movement. The serial correlation of 0.09 indicates that less than 9.0% of current 513880 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.09
Spearman Rank Test
0.11
Residual Average
0.0
Price Variance
0.0
513880 lagged returns against current returns
Autocorrelation, which is 513880 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 513880's etf expected returns. We can calculate the autocorrelation of 513880 returns to help us make a trade decision. For example, suppose you find that 513880 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
513880 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 513880 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 513880 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 513880 etf over time.
Current vs Lagged Prices
Timeline
513880 Lagged Returns
When evaluating 513880's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 513880 etf have on its future price. 513880 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, 513880 autocorrelation shows the relationship between 513880 etf current value and its past values and can show if there is a momentum factor associated with investing in 513880.