ETC On (UK) Market Value
| LIVU Etf | 76.88 0.42 0.54% |
| Symbol | ETC |
Please note, there is a significant difference between ETC On's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETC On is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETC On'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.
ETC On '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 ETC On'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 ETC On.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in ETC On on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding ETC on CMCI or generate 0.0% return on investment in ETC On over 690 days. ETC On is related to or competes with Scottish Mortgage, VinaCapital Vietnam, Edinburgh Worldwide, Baillie Gifford, CT Private, Aberdeen New, and BlackRock Latin. ETC On is entity of United Kingdom. It is traded as Etf on LSE exchange. More
ETC On 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 ETC On'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 ETC on CMCI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5689 | |||
| Information Ratio | 0.0342 | |||
| Maximum Drawdown | 2.42 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.9798 |
ETC On Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETC On's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETC On's standard deviation. In reality, there are many statistical measures that can use ETC On historical prices to predict the future ETC On's volatility.| Risk Adjusted Performance | 0.2156 | |||
| Jensen Alpha | 0.1411 | |||
| Total Risk Alpha | 0.0555 | |||
| Sortino Ratio | 0.0327 | |||
| Treynor Ratio | 3.62 |
ETC on CMCI Backtested Returns
Currently, ETC on CMCI is very steady. ETC on CMCI retains Efficiency (Sharpe Ratio) of 0.27, which denotes the etf had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ETC On, which you can use to evaluate the volatility of the entity. Please confirm ETC On's Coefficient Of Variation of 348.01, downside deviation of 0.5689, and Market Risk Adjusted Performance of 3.63 to check if the risk estimate we provide is consistent with the expected return of 0.15%. The etf owns a Beta (Systematic Risk) of 0.0404, which means not very significant fluctuations relative to the market. As returns on the market increase, ETC On's returns are expected to increase less than the market. However, during the bear market, the loss of holding ETC On is expected to be smaller as well.
Auto-correlation | -0.35 |
Poor reverse predictability
ETC on CMCI has poor reverse predictability. Overlapping area represents the amount of predictability between ETC On time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 to 2nd 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 ETC on CMCI price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current ETC On price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 13.73 |
ETC on CMCI lagged returns against current returns
Autocorrelation, which is ETC On 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 ETC On's etf expected returns. We can calculate the autocorrelation of ETC On returns to help us make a trade decision. For example, suppose you find that ETC On 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 |
ETC On 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 ETC On etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETC On etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETC On etf over time.
Current vs Lagged Prices |
| Timeline |
ETC On Lagged Returns
When evaluating ETC On's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETC On etf have on its future price. ETC On 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, ETC On autocorrelation shows the relationship between ETC On etf current value and its past values and can show if there is a momentum factor associated with investing in ETC on CMCI.
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.Other Information on Investing in ETC Etf
ETC On financial ratios help investors to determine whether ETC Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ETC with respect to the benefits of owning ETC On security.