Axis Gold's market value is the price at which a share of Axis Gold trades on a public exchange. It measures the collective expectations of Axis Gold ETF investors about its performance. Axis Gold is selling for 72.07 as of the 27th of February 2025. This is a 1.84 percent decrease since the beginning of the trading day. The etf's lowest day price was 71.76. With this module, you can estimate the performance of a buy and hold strategy of Axis Gold ETF and determine expected loss or profit from investing in Axis Gold 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 price.
Symbol
Axis
Axis Gold '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 Axis Gold'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 Axis Gold.
0.00
01/28/2025
No Change 0.00
0.0
In 31 days
02/27/2025
0.00
If you would invest 0.00 in Axis Gold on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Axis Gold ETF or generate 0.0% return on investment in Axis Gold over 30 days.
Axis Gold 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 Axis Gold'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 Axis Gold ETF 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 Axis Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axis Gold's standard deviation. In reality, there are many statistical measures that can use Axis Gold historical prices to predict the future Axis Gold's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Axis Gold. Your research has to be compared to or analyzed against Axis Gold's peers to derive any actionable benefits. When done correctly, Axis Gold'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 Axis Gold ETF.
Axis Gold ETF Backtested Returns
Axis Gold appears to be very steady, given 3 months investment horizon. Axis Gold ETF secures Sharpe Ratio (or Efficiency) of 0.32, which signifies that the etf had a 0.32 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Axis Gold ETF, which you can use to evaluate the volatility of the entity. Please makes use of Axis Gold's Mean Deviation of 0.5571, risk adjusted performance of 0.1773, and Downside Deviation of 0.7974 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.0545, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Axis Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Axis Gold is expected to be smaller as well.
Auto-correlation
0.44
Average predictability
Axis Gold ETF has average predictability. Overlapping area represents the amount of predictability between Axis Gold time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Axis Gold ETF price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Axis Gold price fluctuation can be explain by its past prices.
Correlation Coefficient
0.44
Spearman Rank Test
0.28
Residual Average
0.0
Price Variance
0.25
Axis Gold ETF lagged returns against current returns
Autocorrelation, which is Axis Gold 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 Axis Gold's etf expected returns. We can calculate the autocorrelation of Axis Gold returns to help us make a trade decision. For example, suppose you find that Axis Gold 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
Axis Gold 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 Axis Gold etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axis Gold etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axis Gold etf over time.
Current vs Lagged Prices
Timeline
Axis Gold Lagged Returns
When evaluating Axis Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axis Gold etf have on its future price. Axis Gold 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, Axis Gold autocorrelation shows the relationship between Axis Gold etf current value and its past values and can show if there is a momentum factor associated with investing in Axis Gold ETF.
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.