Expat Croatia (Germany) Market Value
| ECDC Etf | EUR 1.01 0.01 1.00% |
| Symbol | Expat |
Please note, there is a significant difference between Expat Croatia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Expat Croatia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Expat Croatia'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.
Expat Croatia '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 Expat Croatia'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 Expat Croatia.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Expat Croatia on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Expat Croatia Crobex or generate 0.0% return on investment in Expat Croatia over 30 days. More
Expat Croatia 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 Expat Croatia'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 Expat Croatia Crobex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.0083 | |||
| Maximum Drawdown | 7.09 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.15 |
Expat Croatia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Expat Croatia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Expat Croatia's standard deviation. In reality, there are many statistical measures that can use Expat Croatia historical prices to predict the future Expat Croatia's volatility.| Risk Adjusted Performance | 0.0716 | |||
| Jensen Alpha | 0.065 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0059 | |||
| Treynor Ratio | 0.2332 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Expat Croatia'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.
Expat Croatia Crobex Backtested Returns
At this point, Expat Croatia is very risky. Expat Croatia Crobex secures Sharpe Ratio (or Efficiency) of 0.0904, which denotes the etf had a 0.0904% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Expat Croatia Crobex, which you can use to evaluate the volatility of the entity. Please confirm Expat Croatia's Coefficient Of Variation of 1150.19, downside deviation of 2.22, and Mean Deviation of 1.17 to check if the risk estimate we provide is consistent with the expected return of 0.14%. The etf shows a Beta (market volatility) of 0.55, which means possible diversification benefits within a given portfolio. As returns on the market increase, Expat Croatia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Expat Croatia is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Expat Croatia Crobex has very good predictability. Overlapping area represents the amount of predictability between Expat Croatia time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Expat Croatia Crobex price movement. The serial correlation of 0.82 indicates that around 82.0% of current Expat Croatia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Expat Croatia Crobex lagged returns against current returns
Autocorrelation, which is Expat Croatia 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 Expat Croatia's etf expected returns. We can calculate the autocorrelation of Expat Croatia returns to help us make a trade decision. For example, suppose you find that Expat Croatia 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 |
Expat Croatia 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 Expat Croatia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Expat Croatia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Expat Croatia etf over time.
Current vs Lagged Prices |
| Timeline |
Expat Croatia Lagged Returns
When evaluating Expat Croatia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Expat Croatia etf have on its future price. Expat Croatia 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, Expat Croatia autocorrelation shows the relationship between Expat Croatia etf current value and its past values and can show if there is a momentum factor associated with investing in Expat Croatia Crobex.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Expat Etf
Expat Croatia financial ratios help investors to determine whether Expat 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 Expat with respect to the benefits of owning Expat Croatia security.