Roundhill Magnificent Seven Etf Market Value
| MAGS Etf | USD 51.10 0.59 1.14% |
| Symbol | Roundhill |
The market value of Roundhill Magnificent is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Magnificent's value that differs from its market value or its book value, called intrinsic value, which is Roundhill Magnificent'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 Roundhill Magnificent's market value can be influenced by many factors that don't directly affect Roundhill Magnificent'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 Roundhill Magnificent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Magnificent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill Magnificent'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.
Roundhill Magnificent '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 Roundhill Magnificent'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 Roundhill Magnificent.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Roundhill Magnificent on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Roundhill Magnificent Seven or generate 0.0% return on investment in Roundhill Magnificent over 30 days. Roundhill Magnificent is related to or competes with SPDR SP, SPDR SP, Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, and T Rowe. Magal Security Systems Ltd. develops, manufactures, markets, and sells perimeter intrusion detection sensors, physical b... More
Roundhill Magnificent 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 Roundhill Magnificent'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 Roundhill Magnificent Seven upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.0698 | |||
| Maximum Drawdown | 7.56 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.48 |
Roundhill Magnificent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roundhill Magnificent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roundhill Magnificent's standard deviation. In reality, there are many statistical measures that can use Roundhill Magnificent historical prices to predict the future Roundhill Magnificent's volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | 0.0893 | |||
| Total Risk Alpha | 0.0174 | |||
| Sortino Ratio | 0.0645 | |||
| Treynor Ratio | 0.1579 |
Roundhill Magnificent Backtested Returns
Roundhill Magnificent appears to be very steady, given 3 months investment horizon. Roundhill Magnificent maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Roundhill Magnificent, which you can use to evaluate the volatility of the etf. Please evaluate Roundhill Magnificent's Risk Adjusted Performance of 0.1038, semi deviation of 1.42, and Coefficient Of Variation of 763.65 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of 1.23, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Roundhill Magnificent will likely underperform.
Auto-correlation | 0.16 |
Very weak predictability
Roundhill Magnificent Seven has very weak predictability. Overlapping area represents the amount of predictability between Roundhill Magnificent time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Roundhill Magnificent price movement. The serial correlation of 0.16 indicates that over 16.0% of current Roundhill Magnificent price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Roundhill Magnificent lagged returns against current returns
Autocorrelation, which is Roundhill Magnificent 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 Roundhill Magnificent's etf expected returns. We can calculate the autocorrelation of Roundhill Magnificent returns to help us make a trade decision. For example, suppose you find that Roundhill Magnificent 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 |
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Roundhill Magnificent 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 Roundhill Magnificent etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roundhill Magnificent etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roundhill Magnificent etf over time.
Current vs Lagged Prices |
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Roundhill Magnificent Lagged Returns
When evaluating Roundhill Magnificent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roundhill Magnificent etf have on its future price. Roundhill Magnificent 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, Roundhill Magnificent autocorrelation shows the relationship between Roundhill Magnificent etf current value and its past values and can show if there is a momentum factor associated with investing in Roundhill Magnificent Seven.
Regressed Prices |
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Thematic Opportunities
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Check out Roundhill Magnificent Correlation, Roundhill Magnificent Volatility and Roundhill Magnificent Alpha and Beta module to complement your research on Roundhill Magnificent. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Roundhill Magnificent 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.