Saturna Al (UK) Market Value
| AMAL Etf | 9.21 0.01 0.11% |
| Symbol | Saturna |
Saturna Al '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 Saturna Al'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 Saturna Al.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Saturna Al on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Saturna Al Kawthar Global or generate 0.0% return on investment in Saturna Al over 30 days. Saturna Al is related to or competes with Saturna Al, IShares MSCI, Amundi EUR, IShares JP, and Xtrackers MSCI. More
Saturna Al 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 Saturna Al'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 Saturna Al Kawthar Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.26 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.09 |
Saturna Al Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saturna Al's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saturna Al's standard deviation. In reality, there are many statistical measures that can use Saturna Al historical prices to predict the future Saturna Al's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.04) |
Saturna Al Kawthar Backtested Returns
Saturna Al Kawthar owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0175, which indicates the etf had a -0.0175% return per unit of risk over the last 3 months. Saturna Al Kawthar Global exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saturna Al's Risk Adjusted Performance of (0.01), variance of 0.6208, and Coefficient Of Variation of (5,700) to confirm the risk estimate we provide. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Saturna Al's returns are expected to increase less than the market. However, during the bear market, the loss of holding Saturna Al is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
Saturna Al Kawthar Global has modest predictability. Overlapping area represents the amount of predictability between Saturna Al 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 Saturna Al Kawthar price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Saturna Al price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Saturna Al Kawthar lagged returns against current returns
Autocorrelation, which is Saturna Al 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 Saturna Al's etf expected returns. We can calculate the autocorrelation of Saturna Al returns to help us make a trade decision. For example, suppose you find that Saturna Al 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 |
Saturna Al 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 Saturna Al etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saturna Al etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saturna Al etf over time.
Current vs Lagged Prices |
| Timeline |
Saturna Al Lagged Returns
When evaluating Saturna Al's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saturna Al etf have on its future price. Saturna Al 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, Saturna Al autocorrelation shows the relationship between Saturna Al etf current value and its past values and can show if there is a momentum factor associated with investing in Saturna Al Kawthar Global.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Saturna Etf
Saturna Al financial ratios help investors to determine whether Saturna Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Saturna with respect to the benefits of owning Saturna Al security.