GREENWICH ASSET's market value is the price at which a share of GREENWICH ASSET trades on a public exchange. It measures the collective expectations of GREENWICH ASSET ETF investors about its performance. GREENWICH ASSET is trading at 540.00 as of the 4th of December 2024, a 9.85 percent decrease since the beginning of the trading day. The etf's lowest day price was 540.0. With this module, you can estimate the performance of a buy and hold strategy of GREENWICH ASSET ETF and determine expected loss or profit from investing in GREENWICH ASSET 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 board of governors.
Symbol
GREENWICH
GREENWICH ASSET '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 GREENWICH ASSET'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 GREENWICH ASSET.
0.00
11/04/2024
No Change 0.00
0.0
In 31 days
12/04/2024
0.00
If you would invest 0.00 in GREENWICH ASSET on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding GREENWICH ASSET ETF or generate 0.0% return on investment in GREENWICH ASSET over 30 days.
GREENWICH ASSET 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 GREENWICH ASSET'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 GREENWICH ASSET 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 GREENWICH ASSET's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GREENWICH ASSET's standard deviation. In reality, there are many statistical measures that can use GREENWICH ASSET historical prices to predict the future GREENWICH ASSET's volatility.
GREENWICH ASSET ETF holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of return volatility over the last 3 months. GREENWICH ASSET ETF exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GREENWICH ASSET's Coefficient Of Variation of (891.09), market risk adjusted performance of 0.3471, and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -1.36, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GREENWICH ASSET are expected to decrease by larger amounts. On the other hand, during market turmoil, GREENWICH ASSET is expected to outperform it.
Auto-correlation
0.31
Below average predictability
GREENWICH ASSET ETF has below average predictability. Overlapping area represents the amount of predictability between GREENWICH ASSET time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 GREENWICH ASSET ETF price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current GREENWICH ASSET price fluctuation can be explain by its past prices.
Correlation Coefficient
0.31
Spearman Rank Test
-0.31
Residual Average
0.0
Price Variance
862.56
GREENWICH ASSET ETF lagged returns against current returns
Autocorrelation, which is GREENWICH ASSET 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 GREENWICH ASSET's etf expected returns. We can calculate the autocorrelation of GREENWICH ASSET returns to help us make a trade decision. For example, suppose you find that GREENWICH ASSET 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
GREENWICH ASSET 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 GREENWICH ASSET etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GREENWICH ASSET etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GREENWICH ASSET etf over time.
Current vs Lagged Prices
Timeline
GREENWICH ASSET Lagged Returns
When evaluating GREENWICH ASSET's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GREENWICH ASSET etf have on its future price. GREENWICH ASSET 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, GREENWICH ASSET autocorrelation shows the relationship between GREENWICH ASSET etf current value and its past values and can show if there is a momentum factor associated with investing in GREENWICH ASSET ETF.
Regressed Prices
Timeline
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