Inspire Global Hope Etf Market Value
| BLES Etf | USD 39.07 0.07 0.18% |
| Symbol | Inspire |
The market value of Inspire Global Hope is measured differently than its book value, which is the value of Inspire that is recorded on the company's balance sheet. Investors also form their own opinion of Inspire Global's value that differs from its market value or its book value, called intrinsic value, which is Inspire Global'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 Inspire Global's market value can be influenced by many factors that don't directly affect Inspire Global'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 Inspire Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inspire Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inspire Global'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.
Inspire Global '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 Inspire Global'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 Inspire Global.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Inspire Global on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Inspire Global Hope or generate 0.0% return on investment in Inspire Global over 30 days. Inspire Global is related to or competes with Mackenzie Canadian, Mackenzie Large, BMO MSCI, BMO Long, and BMO Short. The fund invests at least 80 percent of its total assets in the component securities of the index More
Inspire Global 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 Inspire Global'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 Inspire Global Hope upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.29 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.19 |
Inspire Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inspire Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inspire Global's standard deviation. In reality, there are many statistical measures that can use Inspire Global historical prices to predict the future Inspire Global's volatility.| Risk Adjusted Performance | 0.025 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0228 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inspire Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Inspire Global Hope Backtested Returns
Currently, Inspire Global Hope is very steady. Inspire Global Hope holds Efficiency (Sharpe) Ratio of 0.0291, which attests that the entity had a 0.0291% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Inspire Global Hope, which you can use to evaluate the volatility of the entity. Please check out Inspire Global's Market Risk Adjusted Performance of 0.0328, downside deviation of 1.1, and Risk Adjusted Performance of 0.025 to validate if the risk estimate we provide is consistent with the expected return of 0.0279%. The etf retains a Market Volatility (i.e., Beta) of 0.82, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Inspire Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inspire Global is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Inspire Global Hope has very good predictability. Overlapping area represents the amount of predictability between Inspire Global time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Inspire Global Hope price movement. The serial correlation of 0.84 indicates that around 84.0% of current Inspire Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Inspire Global Hope lagged returns against current returns
Autocorrelation, which is Inspire Global 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 Inspire Global's etf expected returns. We can calculate the autocorrelation of Inspire Global returns to help us make a trade decision. For example, suppose you find that Inspire Global 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 |
Inspire Global 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 Inspire Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inspire Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inspire Global etf over time.
Current vs Lagged Prices |
| Timeline |
Inspire Global Lagged Returns
When evaluating Inspire Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inspire Global etf have on its future price. Inspire Global 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, Inspire Global autocorrelation shows the relationship between Inspire Global etf current value and its past values and can show if there is a momentum factor associated with investing in Inspire Global Hope.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Inspire Global Correlation, Inspire Global Volatility and Inspire Global Alpha and Beta module to complement your research on Inspire Global. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Inspire Global 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.