Egshares Blue Chip Etf Market Value
| BCHP Etf | USD 34.14 0.17 0.50% |
| Symbol | EGSHARES |
The market value of EGSHARES BLUE CHIP is measured differently than its book value, which is the value of EGSHARES that is recorded on the company's balance sheet. Investors also form their own opinion of EGSHARES BLUE's value that differs from its market value or its book value, called intrinsic value, which is EGSHARES BLUE'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 EGSHARES BLUE's market value can be influenced by many factors that don't directly affect EGSHARES BLUE'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 EGSHARES BLUE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EGSHARES BLUE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EGSHARES BLUE'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.
EGSHARES BLUE '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 EGSHARES BLUE'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 EGSHARES BLUE.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in EGSHARES BLUE on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding EGSHARES BLUE CHIP or generate 0.0% return on investment in EGSHARES BLUE over 180 days. EGSHARES BLUE is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. EGSHARES BLUE is entity of United States More
EGSHARES BLUE 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 EGSHARES BLUE'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 EGSHARES BLUE CHIP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8846 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.26 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.15 |
EGSHARES BLUE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EGSHARES BLUE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EGSHARES BLUE's standard deviation. In reality, there are many statistical measures that can use EGSHARES BLUE historical prices to predict the future EGSHARES BLUE's volatility.| Risk Adjusted Performance | 0.0998 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1183 |
EGSHARES BLUE CHIP Backtested Returns
Currently, EGSHARES BLUE CHIP is very steady. EGSHARES BLUE CHIP secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the etf had a 0.12% return per unit of volatility over the last 3 months. We have found thirty technical indicators for EGSHARES BLUE CHIP, which you can use to evaluate the volatility of the entity. Please confirm EGSHARES BLUE's Downside Deviation of 0.8846, market risk adjusted performance of 0.1283, and Mean Deviation of 0.5932 to check if the risk estimate we provide is consistent with the expected return of 0.1%. The etf shows a Beta (market volatility) of 0.81, which means possible diversification benefits within a given portfolio. As returns on the market increase, EGSHARES BLUE's returns are expected to increase less than the market. However, during the bear market, the loss of holding EGSHARES BLUE is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
EGSHARES BLUE CHIP has insignificant predictability. Overlapping area represents the amount of predictability between EGSHARES BLUE time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 EGSHARES BLUE CHIP price movement. The serial correlation of 0.13 indicates that less than 13.0% of current EGSHARES BLUE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
EGSHARES BLUE CHIP lagged returns against current returns
Autocorrelation, which is EGSHARES BLUE 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 EGSHARES BLUE's etf expected returns. We can calculate the autocorrelation of EGSHARES BLUE returns to help us make a trade decision. For example, suppose you find that EGSHARES BLUE 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 |
EGSHARES BLUE 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 EGSHARES BLUE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EGSHARES BLUE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EGSHARES BLUE etf over time.
Current vs Lagged Prices |
| Timeline |
EGSHARES BLUE Lagged Returns
When evaluating EGSHARES BLUE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EGSHARES BLUE etf have on its future price. EGSHARES BLUE 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, EGSHARES BLUE autocorrelation shows the relationship between EGSHARES BLUE etf current value and its past values and can show if there is a momentum factor associated with investing in EGSHARES BLUE CHIP.
Regressed Prices |
| Timeline |
Pair Trading with EGSHARES BLUE
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EGSHARES BLUE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EGSHARES BLUE will appreciate offsetting losses from the drop in the long position's value.Moving together with EGSHARES Etf
| 0.93 | VUG | Vanguard Growth Index | PairCorr |
| 0.93 | IWF | iShares Russell 1000 | PairCorr |
| 0.92 | IVW | iShares SP 500 Sell-off Trend | PairCorr |
| 0.87 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.92 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to EGSHARES BLUE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EGSHARES BLUE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EGSHARES BLUE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EGSHARES BLUE CHIP to buy it.
The correlation of EGSHARES BLUE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EGSHARES BLUE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EGSHARES BLUE CHIP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for EGSHARES BLUE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out EGSHARES BLUE Correlation, EGSHARES BLUE Volatility and EGSHARES BLUE Alpha and Beta module to complement your research on EGSHARES BLUE. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
EGSHARES BLUE 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.