Fmqq The Next Etf Market Value
| FMQQ Etf | USD 13.76 0.06 0.43% |
| Symbol | FMQQ |
The market value of FMQQ The Next is measured differently than its book value, which is the value of FMQQ that is recorded on the company's balance sheet. Investors also form their own opinion of FMQQ Next's value that differs from its market value or its book value, called intrinsic value, which is FMQQ Next'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 FMQQ Next's market value can be influenced by many factors that don't directly affect FMQQ Next'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 FMQQ Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if FMQQ Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FMQQ Next'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.
FMQQ Next '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 FMQQ Next'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 FMQQ Next.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in FMQQ Next on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding FMQQ The Next or generate 0.0% return on investment in FMQQ Next over 30 days. FMQQ Next is related to or competes with India Internet, EMQQ Emerging, and KraneShares California. The fund invests in securities comprising the index or in depositary receipts representing securities of the index More
FMQQ Next 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 FMQQ Next'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 FMQQ The Next upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.25 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.53 |
FMQQ Next Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FMQQ Next's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FMQQ Next's standard deviation. In reality, there are many statistical measures that can use FMQQ Next historical prices to predict the future FMQQ Next's volatility.| Risk Adjusted Performance | 0.044 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.073 |
FMQQ The Next Backtested Returns
Currently, FMQQ The Next is very steady. FMQQ The Next secures Sharpe Ratio (or Efficiency) of 0.0716, which denotes the etf had a 0.0716% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for FMQQ The Next, which you can use to evaluate the volatility of the entity. Please confirm FMQQ Next's Mean Deviation of 0.7405, downside deviation of 1.07, and Market Risk Adjusted Performance of 0.083 to check if the risk estimate we provide is consistent with the expected return of 0.0655%. The etf shows a Beta (market volatility) of 0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, FMQQ Next's returns are expected to increase less than the market. However, during the bear market, the loss of holding FMQQ Next is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
FMQQ The Next has poor predictability. Overlapping area represents the amount of predictability between FMQQ Next time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 FMQQ The Next price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current FMQQ Next price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
FMQQ The Next lagged returns against current returns
Autocorrelation, which is FMQQ Next 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 FMQQ Next's etf expected returns. We can calculate the autocorrelation of FMQQ Next returns to help us make a trade decision. For example, suppose you find that FMQQ Next 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 |
FMQQ Next 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 FMQQ Next etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FMQQ Next etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FMQQ Next etf over time.
Current vs Lagged Prices |
| Timeline |
FMQQ Next Lagged Returns
When evaluating FMQQ Next's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FMQQ Next etf have on its future price. FMQQ Next 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, FMQQ Next autocorrelation shows the relationship between FMQQ Next etf current value and its past values and can show if there is a momentum factor associated with investing in FMQQ The Next.
Regressed Prices |
| Timeline |
Pair Trading with FMQQ Next
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FMQQ Next position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FMQQ Next will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to FMQQ Next could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FMQQ Next when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FMQQ Next - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FMQQ The Next to buy it.
The correlation of FMQQ Next is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FMQQ Next moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FMQQ The Next moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FMQQ Next can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out FMQQ Next Correlation, FMQQ Next Volatility and FMQQ Next Alpha and Beta module to complement your research on FMQQ Next. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
FMQQ Next 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.