Flexshares Stoxx Global Etf Market Value
| ESGG Etf | USD 173.15 1.25 0.73% |
| Symbol | FlexShares |
The market value of FlexShares STOXX Global is measured differently than its book value, which is the value of FlexShares that is recorded on the company's balance sheet. Investors also form their own opinion of FlexShares STOXX's value that differs from its market value or its book value, called intrinsic value, which is FlexShares STOXX'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 FlexShares STOXX's market value can be influenced by many factors that don't directly affect FlexShares STOXX'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 FlexShares STOXX's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares STOXX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares STOXX'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.
FlexShares STOXX '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 FlexShares STOXX'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 FlexShares STOXX.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in FlexShares STOXX on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding FlexShares STOXX Global or generate 0.0% return on investment in FlexShares STOXX over 30 days. FlexShares STOXX is related to or competes with FlexShares Quality, FlexShares Disciplined, FlexShares Real, First Trust, and First Trust. The index is designed to reflect the performance of a selection of companies that, in aggregate, score better with respe... More
FlexShares STOXX 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 FlexShares STOXX'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 FlexShares STOXX Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8421 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.15 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.01 |
FlexShares STOXX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FlexShares STOXX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FlexShares STOXX's standard deviation. In reality, there are many statistical measures that can use FlexShares STOXX historical prices to predict the future FlexShares STOXX's volatility.| Risk Adjusted Performance | 0.0487 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0503 |
FlexShares STOXX Global Backtested Returns
At this point, FlexShares STOXX is very steady. FlexShares STOXX Global secures Sharpe Ratio (or Efficiency) of 0.0796, which denotes the etf had a 0.0796% return per unit of risk over the last 3 months. We have found thirty technical indicators for FlexShares STOXX Global, which you can use to evaluate the volatility of the entity. Please confirm FlexShares STOXX's Mean Deviation of 0.544, downside deviation of 0.8421, and Coefficient Of Variation of 1541.67 to check if the risk estimate we provide is consistent with the expected return of 0.0534%. The etf shows a Beta (market volatility) of 0.71, which means possible diversification benefits within a given portfolio. As returns on the market increase, FlexShares STOXX's returns are expected to increase less than the market. However, during the bear market, the loss of holding FlexShares STOXX is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
FlexShares STOXX Global has good predictability. Overlapping area represents the amount of predictability between FlexShares STOXX time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 FlexShares STOXX Global price movement. The serial correlation of 0.7 indicates that around 70.0% of current FlexShares STOXX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 2.84 |
FlexShares STOXX Global lagged returns against current returns
Autocorrelation, which is FlexShares STOXX 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 FlexShares STOXX's etf expected returns. We can calculate the autocorrelation of FlexShares STOXX returns to help us make a trade decision. For example, suppose you find that FlexShares STOXX 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 |
FlexShares STOXX 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 FlexShares STOXX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FlexShares STOXX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FlexShares STOXX etf over time.
Current vs Lagged Prices |
| Timeline |
FlexShares STOXX Lagged Returns
When evaluating FlexShares STOXX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FlexShares STOXX etf have on its future price. FlexShares STOXX 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, FlexShares STOXX autocorrelation shows the relationship between FlexShares STOXX etf current value and its past values and can show if there is a momentum factor associated with investing in FlexShares STOXX Global.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether FlexShares STOXX Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FlexShares STOXX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Flexshares Stoxx Global Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Flexshares Stoxx Global Etf:Check out FlexShares STOXX Correlation, FlexShares STOXX Volatility and FlexShares STOXX Alpha and Beta module to complement your research on FlexShares STOXX. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
FlexShares STOXX 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.