Axonic Strategic Income Etf Market Value
| AXSIX Etf | USD 8.99 0.01 0.11% |
| Symbol | Axonic |
The market value of Axonic Strategic Income is measured differently than its book value, which is the value of Axonic that is recorded on the company's balance sheet. Investors also form their own opinion of Axonic Strategic's value that differs from its market value or its book value, called intrinsic value, which is Axonic Strategic'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 Axonic Strategic's market value can be influenced by many factors that don't directly affect Axonic Strategic'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 Axonic Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axonic Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axonic Strategic'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.
Axonic Strategic '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 Axonic Strategic'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 Axonic Strategic.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Axonic Strategic on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Axonic Strategic Income or generate 0.0% return on investment in Axonic Strategic over 720 days. Axonic Strategic is related to or competes with AB Active, IShares Core, Vanguard Momentum, Global X, Tidal Trust, IShares Bitcoin, and Fidelity MSCI. In pursuing its investment objective, the fund seeks to maximize risk-adjusted total returns by investing primarily in i... More
Axonic Strategic 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 Axonic Strategic'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 Axonic Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1696 | |||
| Information Ratio | (0.80) | |||
| Maximum Drawdown | 0.7834 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.2225 |
Axonic Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axonic Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axonic Strategic's standard deviation. In reality, there are many statistical measures that can use Axonic Strategic historical prices to predict the future Axonic Strategic's volatility.| Risk Adjusted Performance | 0.0386 | |||
| Jensen Alpha | 0.0084 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.68) | |||
| Treynor Ratio | (0.21) |
Axonic Strategic Income Backtested Returns
At this stage we consider Axonic Etf to be very steady. Axonic Strategic Income secures Sharpe Ratio (or Efficiency) of 0.0968, which signifies that the etf had a 0.0968% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Axonic Strategic Income, which you can use to evaluate the volatility of the entity. Please confirm Axonic Strategic's Risk Adjusted Performance of 0.0386, coefficient of variation of 935.44, and Mean Deviation of 0.0843 to double-check if the risk estimate we provide is consistent with the expected return of 0.0141%. The etf shows a Beta (market volatility) of -0.0252, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Axonic Strategic are expected to decrease at a much lower rate. During the bear market, Axonic Strategic is likely to outperform the market.
Auto-correlation | 0.98 |
Excellent predictability
Axonic Strategic Income has excellent predictability. Overlapping area represents the amount of predictability between Axonic Strategic time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Axonic Strategic Income price movement. The serial correlation of 0.98 indicates that 98.0% of current Axonic Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.98 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Axonic Strategic Income lagged returns against current returns
Autocorrelation, which is Axonic Strategic 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 Axonic Strategic's etf expected returns. We can calculate the autocorrelation of Axonic Strategic returns to help us make a trade decision. For example, suppose you find that Axonic Strategic 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 |
Axonic Strategic 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 Axonic Strategic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axonic Strategic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axonic Strategic etf over time.
Current vs Lagged Prices |
| Timeline |
Axonic Strategic Lagged Returns
When evaluating Axonic Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axonic Strategic etf have on its future price. Axonic Strategic 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, Axonic Strategic autocorrelation shows the relationship between Axonic Strategic etf current value and its past values and can show if there is a momentum factor associated with investing in Axonic Strategic Income.
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 Axonic Etf
Axonic Strategic financial ratios help investors to determine whether Axonic 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 Axonic with respect to the benefits of owning Axonic Strategic security.