IncomeShares Amazon's market value is the price at which a share of IncomeShares Amazon trades on a public exchange. It measures the collective expectations of IncomeShares Amazon Options investors about its performance. IncomeShares Amazon is selling for under 10.77 as of the 3rd of December 2024; that is 0.94% increase since the beginning of the trading day. The etf's lowest day price was 10.7. With this module, you can estimate the performance of a buy and hold strategy of IncomeShares Amazon Options and determine expected loss or profit from investing in IncomeShares Amazon 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 board of governors.
Symbol
IncomeShares
IncomeShares Amazon '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 IncomeShares Amazon'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 IncomeShares Amazon.
0.00
11/03/2024
No Change 0.00
0.0
In 31 days
12/03/2024
0.00
If you would invest 0.00 in IncomeShares Amazon on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding IncomeShares Amazon Options or generate 0.0% return on investment in IncomeShares Amazon over 30 days.
IncomeShares Amazon 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 IncomeShares Amazon'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 IncomeShares Amazon Options 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 IncomeShares Amazon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IncomeShares Amazon's standard deviation. In reality, there are many statistical measures that can use IncomeShares Amazon historical prices to predict the future IncomeShares Amazon's volatility.
IncomeShares Amazon appears to be not too volatile, given 3 months investment horizon. IncomeShares Amazon holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for IncomeShares Amazon, which you can use to evaluate the volatility of the entity. Please utilize IncomeShares Amazon's Market Risk Adjusted Performance of 0.3354, downside deviation of 1.37, and Risk Adjusted Performance of 0.1185 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IncomeShares Amazon's returns are expected to increase less than the market. However, during the bear market, the loss of holding IncomeShares Amazon is expected to be smaller as well.
Auto-correlation
0.08
Virtually no predictability
IncomeShares Amazon Options has virtually no predictability. Overlapping area represents the amount of predictability between IncomeShares Amazon time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 IncomeShares Amazon price movement. The serial correlation of 0.08 indicates that barely 8.0% of current IncomeShares Amazon price fluctuation can be explain by its past prices.
Correlation Coefficient
0.08
Spearman Rank Test
0.1
Residual Average
0.0
Price Variance
0.03
IncomeShares Amazon lagged returns against current returns
Autocorrelation, which is IncomeShares Amazon 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 IncomeShares Amazon's etf expected returns. We can calculate the autocorrelation of IncomeShares Amazon returns to help us make a trade decision. For example, suppose you find that IncomeShares Amazon 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
IncomeShares Amazon 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 IncomeShares Amazon etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IncomeShares Amazon etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IncomeShares Amazon etf over time.
Current vs Lagged Prices
Timeline
IncomeShares Amazon Lagged Returns
When evaluating IncomeShares Amazon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IncomeShares Amazon etf have on its future price. IncomeShares Amazon 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, IncomeShares Amazon autocorrelation shows the relationship between IncomeShares Amazon etf current value and its past values and can show if there is a momentum factor associated with investing in IncomeShares Amazon Options.
Regressed Prices
Timeline
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