IndexIQ ETF Trust Market Value
| EQULDelisted Etf | USD 27.12 0.01 0.04% |
| Symbol | IndexIQ |
IndexIQ ETF '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 IndexIQ ETF'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 IndexIQ ETF.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in IndexIQ ETF on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding IndexIQ ETF Trust or generate 0.0% return on investment in IndexIQ ETF over 570 days. The manager employs a passive management or indexing investment approach designed to track the performance of the underl... More
IndexIQ ETF 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 IndexIQ ETF'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 IndexIQ ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7785 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.63 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 1.22 |
IndexIQ ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IndexIQ ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IndexIQ ETF's standard deviation. In reality, there are many statistical measures that can use IndexIQ ETF historical prices to predict the future IndexIQ ETF's volatility.| Risk Adjusted Performance | 0.0809 | |||
| Jensen Alpha | 0.0809 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IndexIQ ETF'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.
IndexIQ ETF Trust Backtested Returns
As of now, IndexIQ Etf is very steady. IndexIQ ETF Trust holds Efficiency (Sharpe) Ratio of 0.055, which attests that the entity had a 0.055% return per unit of risk over the last 3 months. We have found thirty technical indicators for IndexIQ ETF Trust, which you can use to evaluate the volatility of the entity. Please check out IndexIQ ETF's Risk Adjusted Performance of 0.0809, market risk adjusted performance of (0.64), and Downside Deviation of 0.7785 to validate if the risk estimate we provide is consistent with the expected return of 0.0413%. The etf retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IndexIQ ETF are expected to decrease at a much lower rate. During the bear market, IndexIQ ETF is likely to outperform the market.
Auto-correlation | 0.59 |
Modest predictability
IndexIQ ETF Trust has modest predictability. Overlapping area represents the amount of predictability between IndexIQ ETF time series from 8th of May 2023 to 17th of February 2024 and 17th of February 2024 to 28th 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 IndexIQ ETF Trust price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current IndexIQ ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
IndexIQ ETF Trust lagged returns against current returns
Autocorrelation, which is IndexIQ ETF 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 IndexIQ ETF's etf expected returns. We can calculate the autocorrelation of IndexIQ ETF returns to help us make a trade decision. For example, suppose you find that IndexIQ ETF 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 |
IndexIQ ETF 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 IndexIQ ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IndexIQ ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IndexIQ ETF etf over time.
Current vs Lagged Prices |
| Timeline |
IndexIQ ETF Lagged Returns
When evaluating IndexIQ ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IndexIQ ETF etf have on its future price. IndexIQ ETF 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, IndexIQ ETF autocorrelation shows the relationship between IndexIQ ETF etf current value and its past values and can show if there is a momentum factor associated with investing in IndexIQ ETF Trust.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out IndexIQ ETF Correlation, IndexIQ ETF Volatility and IndexIQ ETF Alpha and Beta module to complement your research on IndexIQ ETF. For more information on how to buy IndexIQ Etf please use our How to buy in IndexIQ Etf guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Other Consideration for investing in IndexIQ Etf
If you are still planning to invest in IndexIQ ETF Trust check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the IndexIQ ETF's history and understand the potential risks before investing.
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