Smartetfs Asia Pacific Etf Market Value
| ADIV Etf | USD 15.51 0.08 0.51% |
| Symbol | SmartETFs |
The market value of SmartETFs Asia Pacific is measured differently than its book value, which is the value of SmartETFs that is recorded on the company's balance sheet. Investors also form their own opinion of SmartETFs Asia's value that differs from its market value or its book value, called intrinsic value, which is SmartETFs Asia's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SmartETFs Asia's market value can be influenced by many factors that don't directly affect SmartETFs Asia's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SmartETFs Asia's value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartETFs Asia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartETFs Asia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
SmartETFs Asia '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 SmartETFs Asia'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 SmartETFs Asia.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in SmartETFs Asia on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding SmartETFs Asia Pacific or generate 0.0% return on investment in SmartETFs Asia over 600 days. SmartETFs Asia is related to or competes with Matthews China, MAYBANK EMERGING, Matthews Emerging, JP Morgan, and JPMorgan Realty. The fund invests at least 80 percent of its net assets in publicly-traded, dividend-producing equity securities of compa... More
SmartETFs Asia 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 SmartETFs Asia'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 SmartETFs Asia Pacific upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.35 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.59 |
SmartETFs Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SmartETFs Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SmartETFs Asia's standard deviation. In reality, there are many statistical measures that can use SmartETFs Asia historical prices to predict the future SmartETFs Asia's volatility.| Risk Adjusted Performance | 0.0334 | |||
| Jensen Alpha | (0.0006) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0982 |
SmartETFs Asia Pacific Backtested Returns
At this stage we consider SmartETFs Etf to be very steady. SmartETFs Asia Pacific owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0286, which indicates the etf had a 0.0286% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for SmartETFs Asia Pacific, which you can use to evaluate the volatility of the etf. Please validate SmartETFs Asia's Semi Deviation of 1.32, risk adjusted performance of 0.0334, and Coefficient Of Variation of 2643.55 to confirm if the risk estimate we provide is consistent with the expected return of 0.04%. The entity has a beta of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SmartETFs Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding SmartETFs Asia is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
SmartETFs Asia Pacific has modest predictability. Overlapping area represents the amount of predictability between SmartETFs Asia time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 SmartETFs Asia Pacific price movement. The serial correlation of 0.51 indicates that about 51.0% of current SmartETFs Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
SmartETFs Asia Pacific lagged returns against current returns
Autocorrelation, which is SmartETFs Asia 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 SmartETFs Asia's etf expected returns. We can calculate the autocorrelation of SmartETFs Asia returns to help us make a trade decision. For example, suppose you find that SmartETFs Asia 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 |
SmartETFs Asia 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 SmartETFs Asia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SmartETFs Asia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SmartETFs Asia etf over time.
Current vs Lagged Prices |
| Timeline |
SmartETFs Asia Lagged Returns
When evaluating SmartETFs Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SmartETFs Asia etf have on its future price. SmartETFs Asia 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, SmartETFs Asia autocorrelation shows the relationship between SmartETFs Asia etf current value and its past values and can show if there is a momentum factor associated with investing in SmartETFs Asia Pacific.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out SmartETFs Asia Correlation, SmartETFs Asia Volatility and SmartETFs Asia Alpha and Beta module to complement your research on SmartETFs Asia. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
SmartETFs Asia technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.