516180's market value is the price at which a share of 516180 trades on a public exchange. It measures the collective expectations of 516180 investors about its performance. 516180 is trading at 0.68 as of the 28th of November 2024, a 1.45% down since the beginning of the trading day. The etf's open price was 0.69. With this module, you can estimate the performance of a buy and hold strategy of 516180 and determine expected loss or profit from investing in 516180 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
516180
516180 '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 516180'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 516180.
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 516180 on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding 516180 or generate 0.0% return on investment in 516180 over 30 days.
516180 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 516180'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 516180 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 516180's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 516180's standard deviation. In reality, there are many statistical measures that can use 516180 historical prices to predict the future 516180's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 516180. Your research has to be compared to or analyzed against 516180's peers to derive any actionable benefits. When done correctly, 516180'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 516180.
516180 Backtested Returns
516180 appears to be extremely dangerous, given 3 months investment horizon. 516180 retains Efficiency (Sharpe Ratio) of 0.12, which signifies that the etf had a 0.12% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 516180, which you can use to evaluate the volatility of the entity. Please makes use of 516180's Standard Deviation of 3.32, coefficient of variation of 1019.98, and Market Risk Adjusted Performance of (0.63) to double-check if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 516180 are expected to decrease at a much lower rate. During the bear market, 516180 is likely to outperform the market.
Auto-correlation
-0.67
Very good reverse predictability
516180 has very good reverse predictability. Overlapping area represents the amount of predictability between 516180 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 516180 price movement. The serial correlation of -0.67 indicates that around 67.0% of current 516180 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.67
Spearman Rank Test
-0.49
Residual Average
0.0
Price Variance
0.0
516180 lagged returns against current returns
Autocorrelation, which is 516180 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 516180's etf expected returns. We can calculate the autocorrelation of 516180 returns to help us make a trade decision. For example, suppose you find that 516180 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
516180 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 516180 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 516180 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 516180 etf over time.
Current vs Lagged Prices
Timeline
516180 Lagged Returns
When evaluating 516180's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 516180 etf have on its future price. 516180 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, 516180 autocorrelation shows the relationship between 516180 etf current value and its past values and can show if there is a momentum factor associated with investing in 516180.