Emcs Etf Market Value
| EMCS Etf | 26.69 0.02 0.07% |
| Symbol | EMCS |
The market value of EMCS is measured differently than its book value, which is the value of EMCS that is recorded on the company's balance sheet. Investors also form their own opinion of EMCS's value that differs from its market value or its book value, called intrinsic value, which is EMCS'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 EMCS's market value can be influenced by many factors that don't directly affect EMCS'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 EMCS's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCS'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.
EMCS '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 EMCS'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 EMCS.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in EMCS on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding EMCS or generate 0.0% return on investment in EMCS over 30 days. EMCS is related to or competes with Invesco PureBeta, Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, T Rowe, and Jpmorgan Smartretirement*. EMCS is entity of United States. It is traded as Etf on NYSE ARCA exchange. More
EMCS 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 EMCS'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 EMCS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.67 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.45 |
EMCS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EMCS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EMCS's standard deviation. In reality, there are many statistical measures that can use EMCS historical prices to predict the future EMCS's volatility.| Risk Adjusted Performance | 0.0236 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0555 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EMCS'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.
EMCS Backtested Returns
Currently, EMCS is very steady. EMCS retains Efficiency (Sharpe Ratio) of 0.0081, which denotes the etf had a 0.0081% return per unit of risk over the last 3 months. We have found thirty technical indicators for EMCS, which you can use to evaluate the volatility of the entity. Please confirm EMCS's Market Risk Adjusted Performance of 0.0655, coefficient of variation of 3931.46, and Downside Deviation of 1.21 to check if the risk estimate we provide is consistent with the expected return of 0.0104%. The etf owns a Beta (Systematic Risk) of 0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, EMCS's returns are expected to increase less than the market. However, during the bear market, the loss of holding EMCS is expected to be smaller as well.
Auto-correlation | 0.44 |
Average predictability
EMCS has average predictability. Overlapping area represents the amount of predictability between EMCS time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 EMCS price movement. The serial correlation of 0.44 indicates that just about 44.0% of current EMCS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
EMCS lagged returns against current returns
Autocorrelation, which is EMCS 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 EMCS's etf expected returns. We can calculate the autocorrelation of EMCS returns to help us make a trade decision. For example, suppose you find that EMCS 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 |
EMCS 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 EMCS etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EMCS etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EMCS etf over time.
Current vs Lagged Prices |
| Timeline |
EMCS Lagged Returns
When evaluating EMCS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EMCS etf have on its future price. EMCS 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, EMCS autocorrelation shows the relationship between EMCS etf current value and its past values and can show if there is a momentum factor associated with investing in EMCS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out EMCS Correlation, EMCS Volatility and EMCS Alpha and Beta module to complement your research on EMCS. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
EMCS 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.