Market Access (Switzerland) Market Value
MAGB Etf | USD 128.92 1.22 0.96% |
Symbol | Market |
Market Access '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 Market Access' 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 Market Access.
07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Market Access on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Market Access NYSE or generate 0.0% return on investment in Market Access over 510 days. Market Access is related to or competes with Market Access, Vanguard FTSE, and UBS ETF. The fund seeks to replicate, as far as possible, the performance of the NYSE ARCA Gold BUGS Index More
Market Access 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 Market Access' 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 Market Access NYSE upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.09 | |||
Information Ratio | (0.02) | |||
Maximum Drawdown | 11.81 | |||
Value At Risk | (2.58) | |||
Potential Upside | 3.72 |
Market Access Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Market Access' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Market Access' standard deviation. In reality, there are many statistical measures that can use Market Access historical prices to predict the future Market Access' volatility.Risk Adjusted Performance | 0.039 | |||
Jensen Alpha | 0.0856 | |||
Total Risk Alpha | (0.23) | |||
Sortino Ratio | (0.02) | |||
Treynor Ratio | (1.33) |
Market Access NYSE Backtested Returns
At this stage we consider Market Etf to be very steady. Market Access NYSE has Sharpe Ratio of 0.0133, which conveys that the entity had a 0.0133% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Market Access, which you can use to evaluate the volatility of the etf. Please verify Market Access' Risk Adjusted Performance of 0.039, mean deviation of 1.45, and Downside Deviation of 2.09 to check out if the risk estimate we provide is consistent with the expected return of 0.0258%. The etf secures a Beta (Market Risk) of -0.0592, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Market Access are expected to decrease at a much lower rate. During the bear market, Market Access is likely to outperform the market.
Auto-correlation | -0.05 |
Very weak reverse predictability
Market Access NYSE has very weak reverse predictability. Overlapping area represents the amount of predictability between Market Access time series from 20th of July 2023 to 31st of March 2024 and 31st of March 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 Market Access NYSE price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Market Access price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.05 | |
Spearman Rank Test | -0.16 | |
Residual Average | 0.0 | |
Price Variance | 101.33 |
Market Access NYSE lagged returns against current returns
Autocorrelation, which is Market Access 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 Market Access' etf expected returns. We can calculate the autocorrelation of Market Access returns to help us make a trade decision. For example, suppose you find that Market Access 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 |
Market Access 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 Market Access etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Market Access etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Market Access etf over time.
Current vs Lagged Prices |
Timeline |
Market Access Lagged Returns
When evaluating Market Access' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Market Access etf have on its future price. Market Access 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, Market Access autocorrelation shows the relationship between Market Access etf current value and its past values and can show if there is a momentum factor associated with investing in Market Access NYSE.
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 Market Etf
Market Access financial ratios help investors to determine whether Market 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 Market with respect to the benefits of owning Market Access security.