Goose Hollow Multi Strategy Etf Market Value
| GHMS Etf | 26.05 0.05 0.19% |
| Symbol | Goose |
The market value of Goose Hollow Multi is measured differently than its book value, which is the value of Goose that is recorded on the company's balance sheet. Investors also form their own opinion of Goose Hollow's value that differs from its market value or its book value, called intrinsic value, which is Goose Hollow'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 Goose Hollow's market value can be influenced by many factors that don't directly affect Goose Hollow'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 Goose Hollow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goose Hollow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goose Hollow'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.
Goose Hollow '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 Goose Hollow'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 Goose Hollow.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Goose Hollow on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Goose Hollow Multi Strategy or generate 0.0% return on investment in Goose Hollow over 30 days. Goose Hollow is related to or competes with Capital Group, Capital Group, Capital Group, Capital Group, and Capital Group. Goose Hollow is entity of United States. It is traded as Etf on BATS exchange. More
Goose Hollow 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 Goose Hollow'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 Goose Hollow Multi Strategy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.61) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.3403 |
Goose Hollow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goose Hollow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goose Hollow's standard deviation. In reality, there are many statistical measures that can use Goose Hollow historical prices to predict the future Goose Hollow's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (2.88) |
Goose Hollow Multi Backtested Returns
Goose Hollow Multi holds Efficiency (Sharpe) Ratio of -0.0967, which attests that the entity had a -0.0967% return per unit of risk over the last 3 months. Goose Hollow Multi exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goose Hollow's Risk Adjusted Performance of (0.09), standard deviation of 0.2489, and Market Risk Adjusted Performance of (2.87) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.011, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Goose Hollow's returns are expected to increase less than the market. However, during the bear market, the loss of holding Goose Hollow is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
Goose Hollow Multi Strategy has modest predictability. Overlapping area represents the amount of predictability between Goose Hollow time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 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 Goose Hollow Multi price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Goose Hollow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Goose Hollow Multi lagged returns against current returns
Autocorrelation, which is Goose Hollow 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 Goose Hollow's etf expected returns. We can calculate the autocorrelation of Goose Hollow returns to help us make a trade decision. For example, suppose you find that Goose Hollow 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 |
Goose Hollow 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 Goose Hollow etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goose Hollow etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goose Hollow etf over time.
Current vs Lagged Prices |
| Timeline |
Goose Hollow Lagged Returns
When evaluating Goose Hollow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goose Hollow etf have on its future price. Goose Hollow 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, Goose Hollow autocorrelation shows the relationship between Goose Hollow etf current value and its past values and can show if there is a momentum factor associated with investing in Goose Hollow Multi Strategy.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Goose Hollow Correlation, Goose Hollow Volatility and Goose Hollow Alpha and Beta module to complement your research on Goose Hollow. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Goose Hollow 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.