Macquarie Focused Emerging Etf Market Value
| EMEQ Etf | 25.11 0.00 0.00% |
| Symbol | Macquarie |
The market value of Macquarie Focused is measured differently than its book value, which is the value of Macquarie that is recorded on the company's balance sheet. Investors also form their own opinion of Macquarie Focused's value that differs from its market value or its book value, called intrinsic value, which is Macquarie Focused'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 Macquarie Focused's market value can be influenced by many factors that don't directly affect Macquarie Focused'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 Macquarie Focused's value and its price as these two are different measures arrived at by different means. Investors typically determine if Macquarie Focused is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macquarie Focused'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.
Macquarie Focused '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 Macquarie Focused'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 Macquarie Focused.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Macquarie Focused on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Macquarie Focused Emerging or generate 0.0% return on investment in Macquarie Focused over 30 days. Macquarie Focused is related to or competes with Xtrackers MSCI, FlexShares Morningstar, and First Trust. Macquarie Focused is entity of United States More
Macquarie Focused 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 Macquarie Focused'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 Macquarie Focused Emerging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 1.58 |
Macquarie Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Macquarie Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Macquarie Focused's standard deviation. In reality, there are many statistical measures that can use Macquarie Focused historical prices to predict the future Macquarie Focused's volatility.| Risk Adjusted Performance | 0.0193 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0462 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Macquarie Focused'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.
Macquarie Focused Backtested Returns
Currently, Macquarie Focused Emerging is very steady. Macquarie Focused has Sharpe Ratio of 0.019, which conveys that the entity had a 0.019% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Macquarie Focused, which you can use to evaluate the volatility of the etf. Please verify Macquarie Focused's Downside Deviation of 1.2, risk adjusted performance of 0.0193, and Mean Deviation of 0.9913 to check out if the risk estimate we provide is consistent with the expected return of 0.0266%. The etf secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Macquarie Focused's returns are expected to increase less than the market. However, during the bear market, the loss of holding Macquarie Focused is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
Macquarie Focused Emerging has modest predictability. Overlapping area represents the amount of predictability between Macquarie Focused 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 Macquarie Focused price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Macquarie Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Macquarie Focused lagged returns against current returns
Autocorrelation, which is Macquarie Focused 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 Macquarie Focused's etf expected returns. We can calculate the autocorrelation of Macquarie Focused returns to help us make a trade decision. For example, suppose you find that Macquarie Focused 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 |
Macquarie Focused 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 Macquarie Focused etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Macquarie Focused etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Macquarie Focused etf over time.
Current vs Lagged Prices |
| Timeline |
Macquarie Focused Lagged Returns
When evaluating Macquarie Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Macquarie Focused etf have on its future price. Macquarie Focused 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, Macquarie Focused autocorrelation shows the relationship between Macquarie Focused etf current value and its past values and can show if there is a momentum factor associated with investing in Macquarie Focused Emerging.
Regressed Prices |
| Timeline |
Pair Trading with Macquarie Focused
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 Macquarie Focused 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 Macquarie Focused will appreciate offsetting losses from the drop in the long position's value.Moving together with Macquarie Etf
| 0.96 | VWO | Vanguard FTSE Emerging | PairCorr |
| 0.98 | IEMG | iShares Core MSCI | PairCorr |
| 0.97 | EMC | Global X Funds | PairCorr |
| 0.98 | EEM | iShares MSCI Emerging | PairCorr |
| 0.95 | SPEM | SPDR Portfolio Emerging | PairCorr |
The ability to find closely correlated positions to Macquarie Focused could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Macquarie Focused 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 Macquarie Focused - 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 Macquarie Focused Emerging to buy it.
The correlation of Macquarie Focused 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 Macquarie Focused moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Macquarie Focused 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 Macquarie Focused 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 Macquarie Focused Correlation, Macquarie Focused Volatility and Macquarie Focused Alpha and Beta module to complement your research on Macquarie Focused. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Macquarie Focused 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.