CoreShares' market value is the price at which a share of CoreShares trades on a public exchange. It measures the collective expectations of CoreShares SP Global investors about its performance. CoreShares is trading at 2073.00 as of the 22nd of November 2024, a 1.57 percent increase since the beginning of the trading day. The etf's open price was 2041.0. With this module, you can estimate the performance of a buy and hold strategy of CoreShares SP Global and determine expected loss or profit from investing in CoreShares 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 gross domestic product.
Symbol
CoreShares
CoreShares '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' 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.
0.00
10/23/2024
No Change 0.00
0.0
In 31 days
11/22/2024
0.00
If you would invest 0.00 in CoreShares on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding CoreShares SP Global or generate 0.0% return on investment in CoreShares over 30 days.
CoreShares 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 CoreShares' 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 SP Global 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' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoreShares' standard deviation. In reality, there are many statistical measures that can use CoreShares historical prices to predict the future CoreShares' volatility.
At this point, CoreShares is very steady. CoreShares SP Global secures Sharpe Ratio (or Efficiency) of 0.0577, which signifies that the etf had a 0.0577% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CoreShares SP Global, which you can use to evaluate the volatility of the entity. Please confirm CoreShares' Mean Deviation of 0.5819, downside deviation of 0.6709, and Risk Adjusted Performance of 0.032 to double-check if the risk estimate we provide is consistent with the expected return of 0.0459%. The etf shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CoreShares' returns are expected to increase less than the market. However, during the bear market, the loss of holding CoreShares is expected to be smaller as well.
Auto-correlation
-0.26
Weak reverse predictability
CoreShares SP Global has weak reverse predictability. Overlapping area represents the amount of predictability between CoreShares time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 SP Global price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current CoreShares price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.26
Spearman Rank Test
-0.23
Residual Average
0.0
Price Variance
476.69
CoreShares SP Global lagged returns against current returns
Autocorrelation, which is CoreShares 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' etf expected returns. We can calculate the autocorrelation of CoreShares returns to help us make a trade decision. For example, suppose you find that CoreShares 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoreShares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoreShares etf over time.
Current vs Lagged Prices
Timeline
CoreShares Lagged Returns
When evaluating CoreShares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoreShares etf have on its future price. CoreShares 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 autocorrelation shows the relationship between CoreShares etf current value and its past values and can show if there is a momentum factor associated with investing in CoreShares SP Global.
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.