CoreShares Income's market value is the price at which a share of CoreShares Income trades on a public exchange. It measures the collective expectations of CoreShares Income AMETF investors about its performance. CoreShares Income is trading at 1050.00 as of the 30th of November 2024, a 0.19 percent increase since the beginning of the trading day. The etf's open price was 1048.0. With this module, you can estimate the performance of a buy and hold strategy of CoreShares Income AMETF and determine expected loss or profit from investing in CoreShares Income 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 population.
Symbol
CoreShares
CoreShares Income '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 Income'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 Income.
0.00
10/31/2024
No Change 0.00
0.0
In 30 days
11/30/2024
0.00
If you would invest 0.00 in CoreShares Income on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding CoreShares Income AMETF or generate 0.0% return on investment in CoreShares Income over 30 days.
CoreShares Income 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 Income'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 Income AMETF 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 Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoreShares Income's standard deviation. In reality, there are many statistical measures that can use CoreShares Income historical prices to predict the future CoreShares Income's volatility.
At this point, CoreShares Income is very steady. CoreShares Income AMETF secures Sharpe Ratio (or Efficiency) of 0.0296, which signifies that the etf had a 0.0296% return per unit of risk over the last 3 months. We have found thirty technical indicators for CoreShares Income AMETF, which you can use to evaluate the volatility of the entity. Please confirm CoreShares Income's Mean Deviation of 0.1395, downside deviation of 0.4525, and Risk Adjusted Performance of (0.0002) to double-check if the risk estimate we provide is consistent with the expected return of 0.008%. The etf shows a Beta (market volatility) of 0.0423, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CoreShares Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding CoreShares Income is expected to be smaller as well.
Auto-correlation
0.43
Average predictability
CoreShares Income AMETF has average predictability. Overlapping area represents the amount of predictability between CoreShares Income time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Income AMETF price movement. The serial correlation of 0.43 indicates that just about 43.0% of current CoreShares Income price fluctuation can be explain by its past prices.
Correlation Coefficient
0.43
Spearman Rank Test
0.56
Residual Average
0.0
Price Variance
9.22
CoreShares Income AMETF lagged returns against current returns
Autocorrelation, which is CoreShares Income 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 Income's etf expected returns. We can calculate the autocorrelation of CoreShares Income returns to help us make a trade decision. For example, suppose you find that CoreShares Income 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 Income 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 Income etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoreShares Income etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoreShares Income etf over time.
Current vs Lagged Prices
Timeline
CoreShares Income Lagged Returns
When evaluating CoreShares Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoreShares Income etf have on its future price. CoreShares Income 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 Income autocorrelation shows the relationship between CoreShares Income etf current value and its past values and can show if there is a momentum factor associated with investing in CoreShares Income AMETF.
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.