Flexshares Global Quality Etf Market Value
| GQRE Etf | USD 61.16 0.48 0.79% |
| Symbol | FlexShares |
The market value of FlexShares Global Quality 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 Global's value that differs from its market value or its book value, called intrinsic value, which is FlexShares Global'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 Global's market value can be influenced by many factors that don't directly affect FlexShares Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares Global'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 Global '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 Global'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 Global.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in FlexShares Global on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding FlexShares Global Quality or generate 0.0% return on investment in FlexShares Global over 360 days. FlexShares Global is related to or competes with IShares International, IShares 1, and IShares MSCI. The index is designed to reflect the performance of a selection of companies that, in aggregate, possess greater exposur... More
FlexShares Global 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 Global'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 Global Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7945 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.15 |
FlexShares Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FlexShares Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FlexShares Global's standard deviation. In reality, there are many statistical measures that can use FlexShares Global historical prices to predict the future FlexShares Global's volatility.| Risk Adjusted Performance | 0.0601 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.1486 |
FlexShares Global Quality Backtested Returns
At this point, FlexShares Global is very steady. FlexShares Global Quality secures Sharpe Ratio (or Efficiency) of 0.0342, which denotes the etf had a 0.0342% return per unit of risk over the last 3 months. We have found thirty technical indicators for FlexShares Global Quality, which you can use to evaluate the volatility of the entity. Please confirm FlexShares Global's Downside Deviation of 0.7945, mean deviation of 0.5716, and Coefficient Of Variation of 1266.15 to check if the risk estimate we provide is consistent with the expected return of 0.0236%. The etf shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, FlexShares Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding FlexShares Global is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
FlexShares Global Quality has poor predictability. Overlapping area represents the amount of predictability between FlexShares Global time series from 30th of November 2023 to 28th of May 2024 and 28th of May 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 FlexShares Global Quality price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current FlexShares Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 9.29 |
FlexShares Global Quality lagged returns against current returns
Autocorrelation, which is FlexShares Global 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 Global's etf expected returns. We can calculate the autocorrelation of FlexShares Global returns to help us make a trade decision. For example, suppose you find that FlexShares Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FlexShares Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FlexShares Global etf over time.
Current vs Lagged Prices |
| Timeline |
FlexShares Global Lagged Returns
When evaluating FlexShares Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FlexShares Global etf have on its future price. FlexShares Global 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 Global autocorrelation shows the relationship between FlexShares Global etf current value and its past values and can show if there is a momentum factor associated with investing in FlexShares Global Quality.
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.When determining whether FlexShares Global Quality is a strong investment it is important to analyze FlexShares Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact FlexShares Global's future performance. For an informed investment choice regarding FlexShares Etf, refer to the following important reports:Check out FlexShares Global Correlation, FlexShares Global Volatility and FlexShares Global Alpha and Beta module to complement your research on FlexShares Global. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
FlexShares Global 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.