Flexshares Esg Climate Etf Market Value
| FEUS Etf | USD 67.19 0.30 0.44% |
| Symbol | FlexShares |
The market value of FlexShares ESG Climate 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 ESG's value that differs from its market value or its book value, called intrinsic value, which is FlexShares ESG'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 ESG's market value can be influenced by many factors that don't directly affect FlexShares ESG'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 ESG's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares ESG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares ESG'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 ESG '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 ESG'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 ESG.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in FlexShares ESG on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding FlexShares ESG Climate or generate 0.0% return on investment in FlexShares ESG over 180 days. FlexShares ESG is related to or competes with FlexShares ESG, FlexShares ESG, and Nushares ETF. The underlying index is designed to reflect the performance of a selection of companies that exhibit certain ESG charact... More
FlexShares ESG 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 ESG'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 ESG Climate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7631 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.12 |
FlexShares ESG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FlexShares ESG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FlexShares ESG's standard deviation. In reality, there are many statistical measures that can use FlexShares ESG historical prices to predict the future FlexShares ESG's volatility.| Risk Adjusted Performance | 0.1114 | |||
| Jensen Alpha | (0.0005) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1198 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FlexShares ESG'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.
FlexShares ESG Climate Backtested Returns
Currently, FlexShares ESG Climate is very steady. FlexShares ESG Climate secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for FlexShares ESG Climate, which you can use to evaluate the volatility of the entity. Please confirm FlexShares ESG's Downside Deviation of 0.7631, coefficient of variation of 685.34, and Mean Deviation of 0.5342 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The etf shows a Beta (market volatility) of 0.83, which means possible diversification benefits within a given portfolio. As returns on the market increase, FlexShares ESG's returns are expected to increase less than the market. However, during the bear market, the loss of holding FlexShares ESG is expected to be smaller as well.
Auto-correlation | 0.50 |
Modest predictability
FlexShares ESG Climate has modest predictability. Overlapping area represents the amount of predictability between FlexShares ESG time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 ESG Climate price movement. The serial correlation of 0.5 indicates that about 50.0% of current FlexShares ESG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.45 |
FlexShares ESG Climate lagged returns against current returns
Autocorrelation, which is FlexShares ESG 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 ESG's etf expected returns. We can calculate the autocorrelation of FlexShares ESG returns to help us make a trade decision. For example, suppose you find that FlexShares ESG 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 ESG 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 ESG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FlexShares ESG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FlexShares ESG etf over time.
Current vs Lagged Prices |
| Timeline |
FlexShares ESG Lagged Returns
When evaluating FlexShares ESG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FlexShares ESG etf have on its future price. FlexShares ESG 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 ESG autocorrelation shows the relationship between FlexShares ESG etf current value and its past values and can show if there is a momentum factor associated with investing in FlexShares ESG Climate.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out FlexShares ESG Correlation, FlexShares ESG Volatility and FlexShares ESG Alpha and Beta module to complement your research on FlexShares ESG. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
FlexShares ESG 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.