CD Private (Australia) Market Value
| CD3 Etf | 1.30 0.03 2.36% |
| Symbol | CD3 |
Please note, there is a significant difference between CD Private's value and its price as these two are different measures arrived at by different means. Investors typically determine if CD Private is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CD Private'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.
CD Private '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 CD Private'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 CD Private.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in CD Private on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding CD Private Equity or generate 0.0% return on investment in CD Private over 570 days. CD Private is related to or competes with IShares MSCI, and VanEck Vectors. CD Private is entity of Australia. It is traded as Etf on AU exchange. More
CD Private 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 CD Private'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 CD Private Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.43 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 3.08 |
CD Private Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CD Private's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CD Private's standard deviation. In reality, there are many statistical measures that can use CD Private historical prices to predict the future CD Private's volatility.| Risk Adjusted Performance | 0.0225 | |||
| Jensen Alpha | 0.008 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1687 |
CD Private Equity Backtested Returns
Currently, CD Private Equity is risky. CD Private Equity retains Efficiency (Sharpe Ratio) of 0.0297, which signifies that the etf had a 0.0297% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for CD Private, which you can use to evaluate the volatility of the entity. Please confirm CD Private's Standard Deviation of 1.71, market risk adjusted performance of 0.1787, and Coefficient Of Variation of 4504.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.0487%. The etf owns a Beta (Systematic Risk) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CD Private's returns are expected to increase less than the market. However, during the bear market, the loss of holding CD Private is expected to be smaller as well.
Auto-correlation | -0.35 |
Poor reverse predictability
CD Private Equity has poor reverse predictability. Overlapping area represents the amount of predictability between CD Private time series from 4th of May 2023 to 13th of February 2024 and 13th of February 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 CD Private Equity price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current CD Private price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CD Private Equity lagged returns against current returns
Autocorrelation, which is CD Private 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 CD Private's etf expected returns. We can calculate the autocorrelation of CD Private returns to help us make a trade decision. For example, suppose you find that CD Private 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 |
CD Private 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 CD Private etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CD Private etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CD Private etf over time.
Current vs Lagged Prices |
| Timeline |
CD Private Lagged Returns
When evaluating CD Private's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CD Private etf have on its future price. CD Private 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, CD Private autocorrelation shows the relationship between CD Private etf current value and its past values and can show if there is a momentum factor associated with investing in CD Private Equity.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in CD3 Etf
CD Private financial ratios help investors to determine whether CD3 Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CD3 with respect to the benefits of owning CD Private security.