2023 Etf Series Etf Market Value
| BINV Etf | 30.31 0.02 0.07% |
| Symbol | 2023 |
The market value of 2023 ETF Series is measured differently than its book value, which is the value of 2023 that is recorded on the company's balance sheet. Investors also form their own opinion of 2023 ETF's value that differs from its market value or its book value, called intrinsic value, which is 2023 ETF'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 2023 ETF's market value can be influenced by many factors that don't directly affect 2023 ETF'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 2023 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if 2023 ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 2023 ETF'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.
2023 ETF '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 2023 ETF'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 2023 ETF.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in 2023 ETF on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding 2023 ETF Series or generate 0.0% return on investment in 2023 ETF over 390 days. 2023 ETF is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. 2023 ETF is entity of United States. It is traded as Etf on BATS exchange. More
2023 ETF 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 2023 ETF'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 2023 ETF Series upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.09 |
2023 ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 2023 ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 2023 ETF's standard deviation. In reality, there are many statistical measures that can use 2023 ETF historical prices to predict the future 2023 ETF's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.16) |
2023 ETF Series Backtested Returns
2023 ETF Series retains Efficiency (Sharpe Ratio) of -0.0978, which signifies that the etf had a -0.0978% return per unit of price deviation over the last 3 months. 2023 ETF exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 2023 ETF's Information Ratio of (0.23), variance of 0.6367, and Market Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 2023 ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding 2023 ETF is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
2023 ETF Series has modest predictability. Overlapping area represents the amount of predictability between 2023 ETF time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 2023 ETF Series price movement. The serial correlation of 0.52 indicates that about 52.0% of current 2023 ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
2023 ETF Series lagged returns against current returns
Autocorrelation, which is 2023 ETF 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 2023 ETF's etf expected returns. We can calculate the autocorrelation of 2023 ETF returns to help us make a trade decision. For example, suppose you find that 2023 ETF 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 |
2023 ETF 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 2023 ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 2023 ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 2023 ETF etf over time.
Current vs Lagged Prices |
| Timeline |
2023 ETF Lagged Returns
When evaluating 2023 ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 2023 ETF etf have on its future price. 2023 ETF 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, 2023 ETF autocorrelation shows the relationship between 2023 ETF etf current value and its past values and can show if there is a momentum factor associated with investing in 2023 ETF Series.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out 2023 ETF Correlation, 2023 ETF Volatility and 2023 ETF Alpha and Beta module to complement your research on 2023 ETF. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
2023 ETF 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.