Nestyield Visionary Etf Market Value
| EGGQ Etf | 39.78 0.01 0.03% |
| Symbol | NestYield |
The market value of NestYield Visionary ETF is measured differently than its book value, which is the value of NestYield that is recorded on the company's balance sheet. Investors also form their own opinion of NestYield Visionary's value that differs from its market value or its book value, called intrinsic value, which is NestYield Visionary'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 NestYield Visionary's market value can be influenced by many factors that don't directly affect NestYield Visionary'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 NestYield Visionary's value and its price as these two are different measures arrived at by different means. Investors typically determine if NestYield Visionary is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NestYield Visionary'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.
NestYield Visionary '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 NestYield Visionary'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 NestYield Visionary.
| 12/03/2024 |
| 02/01/2025 |
If you would invest 0.00 in NestYield Visionary on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding NestYield Visionary ETF or generate 0.0% return on investment in NestYield Visionary over 60 days. NestYield Visionary is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. More
NestYield Visionary 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 NestYield Visionary'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 NestYield Visionary ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.2077 | |||
| Maximum Drawdown | 1004.59 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 2.59 |
NestYield Visionary Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NestYield Visionary's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NestYield Visionary's standard deviation. In reality, there are many statistical measures that can use NestYield Visionary historical prices to predict the future NestYield Visionary's volatility.| Risk Adjusted Performance | 0.1845 | |||
| Jensen Alpha | 44.95 | |||
| Total Risk Alpha | 26.31 | |||
| Sortino Ratio | 22.17 | |||
| Treynor Ratio | (1.90) |
NestYield Visionary ETF Backtested Returns
NestYield Visionary is out of control given 3 months investment horizon. NestYield Visionary ETF has Sharpe Ratio of 0.21, which conveys that the entity had a 0.21 % return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 43.39% are justified by taking the suggested risk. Use NestYield Visionary ETF Risk Adjusted Performance of 0.1845, mean deviation of 83.18, and Coefficient Of Variation of 480.56 to evaluate company specific risk that cannot be diversified away. The etf secures a Beta (Market Risk) of -22.78, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning NestYield Visionary are expected to decrease by larger amounts. On the other hand, during market turmoil, NestYield Visionary is expected to outperform it.
Auto-correlation | 0.72 |
Good predictability
NestYield Visionary ETF has good predictability. Overlapping area represents the amount of predictability between NestYield Visionary time series from 3rd of December 2024 to 2nd of January 2025 and 2nd of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NestYield Visionary ETF price movement. The serial correlation of 0.72 indicates that around 72.0% of current NestYield Visionary price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
NestYield Visionary ETF lagged returns against current returns
Autocorrelation, which is NestYield Visionary 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 NestYield Visionary's etf expected returns. We can calculate the autocorrelation of NestYield Visionary returns to help us make a trade decision. For example, suppose you find that NestYield Visionary 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 |
NestYield Visionary 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 NestYield Visionary etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NestYield Visionary etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NestYield Visionary etf over time.
Current vs Lagged Prices |
| Timeline |
NestYield Visionary Lagged Returns
When evaluating NestYield Visionary's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NestYield Visionary etf have on its future price. NestYield Visionary 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, NestYield Visionary autocorrelation shows the relationship between NestYield Visionary etf current value and its past values and can show if there is a momentum factor associated with investing in NestYield Visionary ETF.
Regressed Prices |
| Timeline |
Pair Trading with NestYield Visionary
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NestYield Visionary position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NestYield Visionary will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to NestYield Visionary could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NestYield Visionary when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NestYield Visionary - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NestYield Visionary ETF to buy it.
The correlation of NestYield Visionary is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NestYield Visionary moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NestYield Visionary ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NestYield Visionary can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out NestYield Visionary Correlation, NestYield Visionary Volatility and NestYield Visionary Alpha and Beta module to complement your research on NestYield Visionary. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
NestYield Visionary 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.