Robo Global Healthcare Etf Market Value
| HTEC Etf | USD 31.08 0.00 0.00% |
| Symbol | Robo |
The market value of Robo Global Healthcare is measured differently than its book value, which is the value of Robo that is recorded on the company's balance sheet. Investors also form their own opinion of Robo Global's value that differs from its market value or its book value, called intrinsic value, which is Robo 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 Robo Global's market value can be influenced by many factors that don't directly affect Robo 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 Robo Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Robo Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Robo 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.
Robo 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 Robo 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 Robo Global.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Robo Global on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Robo Global Healthcare or generate 0.0% return on investment in Robo Global over 30 days. Robo Global is related to or competes with Robo Global, Global X, IShares Genomics, and Innovator Loup. The fund will normally invest at least 80 percent of its total assets in securities of the index or in depositary receip... More
Robo 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 Robo 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 Robo Global Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.0509 | |||
| Maximum Drawdown | 6.7 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.86 |
Robo Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Robo Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Robo Global's standard deviation. In reality, there are many statistical measures that can use Robo Global historical prices to predict the future Robo Global's volatility.| Risk Adjusted Performance | 0.1119 | |||
| Jensen Alpha | 0.1177 | |||
| Total Risk Alpha | 0.0182 | |||
| Sortino Ratio | 0.0405 | |||
| Treynor Ratio | 0.3804 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Robo Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Robo Global Healthcare Backtested Returns
At this point, Robo Global is very steady. Robo Global Healthcare maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the entity had a 0.1 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Robo Global Healthcare, which you can use to evaluate the volatility of the etf. Please check Robo Global's Risk Adjusted Performance of 0.1119, coefficient of variation of 769.33, and Semi Deviation of 1.23 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The etf holds a Beta of 0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Robo Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Robo Global is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
Robo Global Healthcare has good predictability. Overlapping area represents the amount of predictability between Robo Global time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Robo Global Healthcare price movement. The serial correlation of 0.72 indicates that around 72.0% of current Robo Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Robo Global Healthcare lagged returns against current returns
Autocorrelation, which is Robo 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 Robo Global's etf expected returns. We can calculate the autocorrelation of Robo Global returns to help us make a trade decision. For example, suppose you find that Robo 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 |
Robo 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 Robo Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Robo Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Robo Global etf over time.
Current vs Lagged Prices |
| Timeline |
Robo Global Lagged Returns
When evaluating Robo Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Robo Global etf have on its future price. Robo 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, Robo Global autocorrelation shows the relationship between Robo Global etf current value and its past values and can show if there is a momentum factor associated with investing in Robo Global Healthcare.
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 Robo Global Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Robo Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Robo Global Healthcare Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Robo Global Healthcare Etf:Check out Robo Global Correlation, Robo Global Volatility and Robo Global Alpha and Beta module to complement your research on Robo Global. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Robo 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.