Microsectors Solactive Fang Etf Market Value
| BERZ Etf | USD 14.19 0.03 0.21% |
| Symbol | MicroSectors |
The market value of MicroSectors Solactive is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Solactive's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Solactive'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 MicroSectors Solactive's market value can be influenced by many factors that don't directly affect MicroSectors Solactive'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 MicroSectors Solactive's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Solactive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Solactive'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.
MicroSectors Solactive '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 MicroSectors Solactive'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 MicroSectors Solactive.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in MicroSectors Solactive on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding MicroSectors Solactive FANG or generate 0.0% return on investment in MicroSectors Solactive over 690 days. MicroSectors Solactive is related to or competes with Direxion Daily, MicroSectors Solactive, and MicroSectors FANG. Microsectors Fang is traded on NYSEARCA Exchange in the United States. More
MicroSectors Solactive 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 MicroSectors Solactive'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 MicroSectors Solactive FANG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 24.74 | |||
| Value At Risk | (6.02) | |||
| Potential Upside | 7.32 |
MicroSectors Solactive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MicroSectors Solactive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MicroSectors Solactive's standard deviation. In reality, there are many statistical measures that can use MicroSectors Solactive historical prices to predict the future MicroSectors Solactive's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | 0.0298 | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | 0.1106 |
MicroSectors Solactive Backtested Returns
MicroSectors Solactive has Sharpe Ratio of -0.13, which conveys that the entity had a -0.13% return per unit of risk over the last 3 months. MicroSectors Solactive exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MicroSectors Solactive's Mean Deviation of 3.13, risk adjusted performance of (0.06), and Standard Deviation of 4.38 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -3.7, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MicroSectors Solactive are expected to decrease by larger amounts. On the other hand, during market turmoil, MicroSectors Solactive is expected to outperform it.
Auto-correlation | 0.89 |
Very good predictability
MicroSectors Solactive FANG has very good predictability. Overlapping area represents the amount of predictability between MicroSectors Solactive time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 MicroSectors Solactive price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current MicroSectors Solactive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 50.22 |
MicroSectors Solactive lagged returns against current returns
Autocorrelation, which is MicroSectors Solactive 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 MicroSectors Solactive's etf expected returns. We can calculate the autocorrelation of MicroSectors Solactive returns to help us make a trade decision. For example, suppose you find that MicroSectors Solactive 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 |
MicroSectors Solactive 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 MicroSectors Solactive etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MicroSectors Solactive etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MicroSectors Solactive etf over time.
Current vs Lagged Prices |
| Timeline |
MicroSectors Solactive Lagged Returns
When evaluating MicroSectors Solactive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MicroSectors Solactive etf have on its future price. MicroSectors Solactive 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, MicroSectors Solactive autocorrelation shows the relationship between MicroSectors Solactive etf current value and its past values and can show if there is a momentum factor associated with investing in MicroSectors Solactive FANG.
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.When determining whether MicroSectors Solactive offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MicroSectors Solactive's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Microsectors Solactive Fang Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Microsectors Solactive Fang Etf:Check out MicroSectors Solactive Correlation, MicroSectors Solactive Volatility and MicroSectors Solactive Alpha and Beta module to complement your research on MicroSectors Solactive. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
MicroSectors Solactive 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.