Flexshares Core Select Etf Market Value
| BNDC Etf | USD 22.23 0.07 0.32% |
| Symbol | FlexShares |
The market value of FlexShares Core Select is measured differently than its book value, which is the value of FlexShares that is recorded on the company's balance sheet. Investors also form their own opinion of FlexShares Core's value that differs from its market value or its book value, called intrinsic value, which is FlexShares Core'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 FlexShares Core's market value can be influenced by many factors that don't directly affect FlexShares Core'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 FlexShares Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares Core'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.
FlexShares Core '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 FlexShares Core'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 FlexShares Core.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in FlexShares Core on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding FlexShares Core Select or generate 0.0% return on investment in FlexShares Core over 30 days. FlexShares Core is related to or competes with Invesco BulletShares, IShares Yield, Invesco BulletShares, and FlexShares Ready. The fund invests at least 80 percent of its net assets in U.S More
FlexShares Core 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 FlexShares Core'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 FlexShares Core Select upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.31 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.4887 |
FlexShares Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FlexShares Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FlexShares Core's standard deviation. In reality, there are many statistical measures that can use FlexShares Core historical prices to predict the future FlexShares Core's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.3838 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FlexShares Core'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.
FlexShares Core Select Backtested Returns
FlexShares Core Select secures Sharpe Ratio (or Efficiency) of -0.0619, which denotes the etf had a -0.0619% return per unit of risk over the last 3 months. FlexShares Core Select exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FlexShares Core's Mean Deviation of 0.2309, standard deviation of 0.3139, and Variance of 0.0985 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.0707, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FlexShares Core are expected to decrease at a much lower rate. During the bear market, FlexShares Core is likely to outperform the market.
Auto-correlation | -0.22 |
Weak reverse predictability
FlexShares Core Select has weak reverse predictability. Overlapping area represents the amount of predictability between FlexShares Core time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 FlexShares Core Select price movement. The serial correlation of -0.22 indicates that over 22.0% of current FlexShares Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
FlexShares Core Select lagged returns against current returns
Autocorrelation, which is FlexShares Core 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 FlexShares Core's etf expected returns. We can calculate the autocorrelation of FlexShares Core returns to help us make a trade decision. For example, suppose you find that FlexShares Core 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 |
FlexShares Core 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 FlexShares Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FlexShares Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FlexShares Core etf over time.
Current vs Lagged Prices |
| Timeline |
FlexShares Core Lagged Returns
When evaluating FlexShares Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FlexShares Core etf have on its future price. FlexShares Core 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, FlexShares Core autocorrelation shows the relationship between FlexShares Core etf current value and its past values and can show if there is a momentum factor associated with investing in FlexShares Core Select.
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 FlexShares Core Select offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FlexShares Core'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 Flexshares Core Select Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Flexshares Core Select Etf:Check out FlexShares Core Correlation, FlexShares Core Volatility and FlexShares Core Alpha and Beta module to complement your research on FlexShares Core. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
FlexShares Core 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.