Mast Global Battery Etf Market Value
| EV Etf | USD 25.41 0.26 1.03% |
| Symbol | Mast |
The market value of Mast Global Battery is measured differently than its book value, which is the value of Mast that is recorded on the company's balance sheet. Investors also form their own opinion of Mast Global's value that differs from its market value or its book value, called intrinsic value, which is Mast Global'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 Mast Global's market value can be influenced by many factors that don't directly affect Mast Global'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 Mast Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mast Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mast Global'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.
Mast Global '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 Mast Global'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 Mast Global.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Mast Global on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mast Global Battery or generate 0.0% return on investment in Mast Global over 300 days. Mast Global is related to or competes with IShares Dividend, Martin Currie, VictoryShares THB, AdvisorShares Gerber, Amplify ETF, and Tidal ETF. Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in t... More
Mast Global 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 Mast Global'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 Mast Global Battery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.0355 | |||
| Maximum Drawdown | 7.99 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 3.34 |
Mast Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mast Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mast Global's standard deviation. In reality, there are many statistical measures that can use Mast Global historical prices to predict the future Mast Global's volatility.| Risk Adjusted Performance | 0.0879 | |||
| Jensen Alpha | 0.1535 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0366 | |||
| Treynor Ratio | 0.7573 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mast Global'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.
Mast Global Battery Backtested Returns
At this stage we consider Mast Etf to be very steady. Mast Global Battery has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mast Global, which you can use to evaluate the volatility of the etf. Please verify Mast Global's Risk Adjusted Performance of 0.0879, downside deviation of 1.73, and Mean Deviation of 1.4 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. The etf secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mast Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mast Global is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
Mast Global Battery has average predictability. Overlapping area represents the amount of predictability between Mast Global time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Mast Global Battery price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Mast Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 2.51 |
Mast Global Battery lagged returns against current returns
Autocorrelation, which is Mast Global 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 Mast Global's etf expected returns. We can calculate the autocorrelation of Mast Global returns to help us make a trade decision. For example, suppose you find that Mast Global 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 |
Mast Global 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 Mast Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mast Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mast Global etf over time.
Current vs Lagged Prices |
| Timeline |
Mast Global Lagged Returns
When evaluating Mast Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mast Global etf have on its future price. Mast Global 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, Mast Global autocorrelation shows the relationship between Mast Global etf current value and its past values and can show if there is a momentum factor associated with investing in Mast Global Battery.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Mast Global Correlation, Mast Global Volatility and Mast Global Alpha and Beta module to complement your research on Mast Global. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Mast Global 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.