CoreShares TotalWldStock's market value is the price at which a share of CoreShares TotalWldStock trades on a public exchange. It measures the collective expectations of CoreShares TotalWldStock ETF investors about its performance. CoreShares TotalWldStock is trading at 1570.00 as of the 25th of November 2024, a 0.51 percent increase since the beginning of the trading day. The etf's open price was 1562.0. With this module, you can estimate the performance of a buy and hold strategy of CoreShares TotalWldStock ETF and determine expected loss or profit from investing in CoreShares TotalWldStock over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
CoreShares
CoreShares TotalWldStock '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 CoreShares TotalWldStock'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 CoreShares TotalWldStock.
0.00
10/26/2024
No Change 0.00
0.0
In 31 days
11/25/2024
0.00
If you would invest 0.00 in CoreShares TotalWldStock on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding CoreShares TotalWldStock ETF or generate 0.0% return on investment in CoreShares TotalWldStock over 30 days.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CoreShares TotalWldStock'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 CoreShares TotalWldStock ETF upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoreShares TotalWldStock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoreShares TotalWldStock's standard deviation. In reality, there are many statistical measures that can use CoreShares TotalWldStock historical prices to predict the future CoreShares TotalWldStock's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CoreShares TotalWldStock. Your research has to be compared to or analyzed against CoreShares TotalWldStock's peers to derive any actionable benefits. When done correctly, CoreShares TotalWldStock's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CoreShares TotalWldStock.
CoreShares TotalWldStock Backtested Returns
At this point, CoreShares TotalWldStock is very steady. CoreShares TotalWldStock secures Sharpe Ratio (or Efficiency) of 0.0834, which signifies that the etf had a 0.0834% return per unit of risk over the last 3 months. We have found thirty technical indicators for CoreShares TotalWldStock ETF, which you can use to evaluate the volatility of the entity. Please confirm CoreShares TotalWldStock's Mean Deviation of 0.7181, downside deviation of 0.7857, and Risk Adjusted Performance of 0.0478 to double-check if the risk estimate we provide is consistent with the expected return of 0.0776%. The etf shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CoreShares TotalWldStock's returns are expected to increase less than the market. However, during the bear market, the loss of holding CoreShares TotalWldStock is expected to be smaller as well.
Auto-correlation
0.55
Modest predictability
CoreShares TotalWldStock ETF has modest predictability. Overlapping area represents the amount of predictability between CoreShares TotalWldStock time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 CoreShares TotalWldStock price movement. The serial correlation of 0.55 indicates that about 55.0% of current CoreShares TotalWldStock price fluctuation can be explain by its past prices.
Correlation Coefficient
0.55
Spearman Rank Test
-0.01
Residual Average
0.0
Price Variance
165.97
CoreShares TotalWldStock lagged returns against current returns
Autocorrelation, which is CoreShares TotalWldStock 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 CoreShares TotalWldStock's etf expected returns. We can calculate the autocorrelation of CoreShares TotalWldStock returns to help us make a trade decision. For example, suppose you find that CoreShares TotalWldStock 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
CoreShares TotalWldStock 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 CoreShares TotalWldStock etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoreShares TotalWldStock etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoreShares TotalWldStock etf over time.
Current vs Lagged Prices
Timeline
CoreShares TotalWldStock Lagged Returns
When evaluating CoreShares TotalWldStock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoreShares TotalWldStock etf have on its future price. CoreShares TotalWldStock 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, CoreShares TotalWldStock autocorrelation shows the relationship between CoreShares TotalWldStock etf current value and its past values and can show if there is a momentum factor associated with investing in CoreShares TotalWldStock ETF.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.