Rex Fang Innovation Etf Market Value
| FEPI Etf | 52.05 0.09 0.17% |
| Symbol | REX |
The market value of REX FANG Innovation is measured differently than its book value, which is the value of REX that is recorded on the company's balance sheet. Investors also form their own opinion of REX FANG's value that differs from its market value or its book value, called intrinsic value, which is REX FANG'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 REX FANG's market value can be influenced by many factors that don't directly affect REX FANG'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 REX FANG's value and its price as these two are different measures arrived at by different means. Investors typically determine if REX FANG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, REX FANG'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.
REX FANG '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 REX FANG'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 REX FANG.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in REX FANG on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding REX FANG Innovation or generate 0.0% return on investment in REX FANG over 720 days. REX FANG is related to or competes with Invesco DWA, Invesco Dynamic, Invesco Dynamic, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. REX FANG is entity of United States. It is traded as Etf on NASDAQ exchange. More
REX FANG 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 REX FANG'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 REX FANG Innovation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.1 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.25 |
REX FANG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for REX FANG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as REX FANG's standard deviation. In reality, there are many statistical measures that can use REX FANG historical prices to predict the future REX FANG's volatility.| Risk Adjusted Performance | 0.1007 | |||
| Jensen Alpha | 0.0153 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1401 |
REX FANG Innovation Backtested Returns
REX FANG is very steady at the moment. REX FANG Innovation maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for REX FANG Innovation, which you can use to evaluate the volatility of the etf. Please check REX FANG's Coefficient Of Variation of 775.3, risk adjusted performance of 0.1007, and Semi Deviation of 0.9664 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The etf holds a Beta of 0.79, which implies possible diversification benefits within a given portfolio. As returns on the market increase, REX FANG's returns are expected to increase less than the market. However, during the bear market, the loss of holding REX FANG is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
REX FANG Innovation has good predictability. Overlapping area represents the amount of predictability between REX FANG time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 REX FANG Innovation price movement. The serial correlation of 0.72 indicates that around 72.0% of current REX FANG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
REX FANG Innovation lagged returns against current returns
Autocorrelation, which is REX FANG 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 REX FANG's etf expected returns. We can calculate the autocorrelation of REX FANG returns to help us make a trade decision. For example, suppose you find that REX FANG 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 |
REX FANG 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 REX FANG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if REX FANG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in REX FANG etf over time.
Current vs Lagged Prices |
| Timeline |
REX FANG Lagged Returns
When evaluating REX FANG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of REX FANG etf have on its future price. REX FANG 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, REX FANG autocorrelation shows the relationship between REX FANG etf current value and its past values and can show if there is a momentum factor associated with investing in REX FANG Innovation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether REX FANG Innovation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of REX FANG'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 Rex Fang Innovation Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Rex Fang Innovation Etf:Check out REX FANG Correlation, REX FANG Volatility and REX FANG Alpha and Beta module to complement your research on REX FANG. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
REX FANG 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.