Source KBW's market value is the price at which a share of Source KBW trades on a public exchange. It measures the collective expectations of Source KBW NASDAQ investors about its performance. Source KBW is trading at 58.28 as of the 11th of December 2024, a 0.60 percent up since the beginning of the trading day. The etf's lowest day price was 57.54. With this module, you can estimate the performance of a buy and hold strategy of Source KBW NASDAQ and determine expected loss or profit from investing in Source KBW over a given investment horizon. Check out Correlation 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.
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Source KBW '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 Source KBW'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 Source KBW.
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11/11/2024
No Change 0.00
0.0
In 31 days
12/11/2024
0.00
If you would invest 0.00 in Source KBW on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Source KBW NASDAQ or generate 0.0% return on investment in Source KBW over 30 days.
Source KBW 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 Source KBW'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 Source KBW NASDAQ 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 Source KBW's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Source KBW's standard deviation. In reality, there are many statistical measures that can use Source KBW historical prices to predict the future Source KBW's volatility.
Source KBW appears to be very steady, given 3 months investment horizon. Source KBW NASDAQ owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.35, which indicates the etf had a 0.35% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Source KBW NASDAQ, which you can use to evaluate the volatility of the etf. Please review Source KBW's Standard Deviation of 1.22, risk adjusted performance of 0.2581, and Downside Deviation of 0.7577 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Source KBW's returns are expected to increase less than the market. However, during the bear market, the loss of holding Source KBW is expected to be smaller as well.
Auto-correlation
-0.89
Excellent reverse predictability
Source KBW NASDAQ has excellent reverse predictability. Overlapping area represents the amount of predictability between Source KBW time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Source KBW NASDAQ price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Source KBW price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.89
Spearman Rank Test
-0.87
Residual Average
0.0
Price Variance
0.39
Source KBW NASDAQ lagged returns against current returns
Autocorrelation, which is Source KBW 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 Source KBW's etf expected returns. We can calculate the autocorrelation of Source KBW returns to help us make a trade decision. For example, suppose you find that Source KBW 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
Source KBW 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 Source KBW etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Source KBW etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Source KBW etf over time.
Current vs Lagged Prices
Timeline
Source KBW Lagged Returns
When evaluating Source KBW's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Source KBW etf have on its future price. Source KBW 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, Source KBW autocorrelation shows the relationship between Source KBW etf current value and its past values and can show if there is a momentum factor associated with investing in Source KBW NASDAQ.
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.