EasyETF BNP (France) Market Value
| ESE Etf | EUR 28.65 0.10 0.35% |
| Symbol | EasyETF |
EasyETF BNP '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 EasyETF BNP'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 EasyETF BNP.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in EasyETF BNP on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding EasyETF BNP or generate 0.0% return on investment in EasyETF BNP over 180 days. EasyETF BNP is related to or competes with Amundi ETF, Amundi Index, Amundi Index, and BNP Paribas. The objective of the SP 500 THEAM EASY UCITS ETF Subfund is to replicate the performance of the SP 500 index, regardless... More
EasyETF BNP 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 EasyETF BNP'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 EasyETF BNP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7448 | |||
| Information Ratio | 0.0634 | |||
| Maximum Drawdown | 5.47 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.18 |
EasyETF BNP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EasyETF BNP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EasyETF BNP's standard deviation. In reality, there are many statistical measures that can use EasyETF BNP historical prices to predict the future EasyETF BNP's volatility.| Risk Adjusted Performance | 0.1703 | |||
| Jensen Alpha | 0.1487 | |||
| Total Risk Alpha | 0.0373 | |||
| Sortino Ratio | 0.0742 | |||
| Treynor Ratio | 0.683 |
EasyETF BNP Backtested Returns
EasyETF BNP appears to be out of control, given 3 months investment horizon. EasyETF BNP secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the etf had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for EasyETF BNP, which you can use to evaluate the volatility of the entity. Please utilize EasyETF BNP's Coefficient Of Variation of 452.03, mean deviation of 0.6075, and Downside Deviation of 0.7448 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, EasyETF BNP's returns are expected to increase less than the market. However, during the bear market, the loss of holding EasyETF BNP is expected to be smaller as well.
Auto-correlation | -0.09 |
Very weak reverse predictability
EasyETF BNP has very weak reverse predictability. Overlapping area represents the amount of predictability between EasyETF BNP time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 EasyETF BNP price movement. The serial correlation of -0.09 indicates that less than 9.0% of current EasyETF BNP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.48 |
EasyETF BNP lagged returns against current returns
Autocorrelation, which is EasyETF BNP 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 EasyETF BNP's etf expected returns. We can calculate the autocorrelation of EasyETF BNP returns to help us make a trade decision. For example, suppose you find that EasyETF BNP 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 |
EasyETF BNP 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 EasyETF BNP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EasyETF BNP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EasyETF BNP etf over time.
Current vs Lagged Prices |
| Timeline |
EasyETF BNP Lagged Returns
When evaluating EasyETF BNP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EasyETF BNP etf have on its future price. EasyETF BNP 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, EasyETF BNP autocorrelation shows the relationship between EasyETF BNP etf current value and its past values and can show if there is a momentum factor associated with investing in EasyETF BNP.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in EasyETF Etf
EasyETF BNP financial ratios help investors to determine whether EasyETF 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 EasyETF with respect to the benefits of owning EasyETF BNP security.