Roundhill Ball Metaverse Etf Market Value
| METV Etf | USD 14.18 0.11 0.78% |
| Symbol | Roundhill |
The market value of Roundhill Ball Metaverse 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 Ball's value that differs from its market value or its book value, called intrinsic value, which is Roundhill Ball'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 Ball's market value can be influenced by many factors that don't directly affect Roundhill Ball'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 Ball's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Ball is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill Ball'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 Ball '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 Ball'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 Ball.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Roundhill Ball on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Roundhill Ball Metaverse or generate 0.0% return on investment in Roundhill Ball over 720 days. Roundhill Ball is related to or competes with IShares Tech, ProShares Metaverse, Matterport, Global X, and Global X. The index seeks to track the performance of globally-listed equity securities of companies that engage in activities or ... More
Roundhill Ball 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 Ball'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 Ball Metaverse upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0176 | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 2.02 |
Roundhill Ball Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roundhill Ball's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roundhill Ball's standard deviation. In reality, there are many statistical measures that can use Roundhill Ball historical prices to predict the future Roundhill Ball's volatility.| Risk Adjusted Performance | 0.0861 | |||
| Jensen Alpha | 0.0161 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0185 | |||
| Treynor Ratio | 0.1148 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roundhill Ball's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Roundhill Ball Metaverse Backtested Returns
At this stage we consider Roundhill Etf to be very steady. Roundhill Ball Metaverse maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Roundhill Ball Metaverse, which you can use to evaluate the volatility of the etf. Please check Roundhill Ball's Risk Adjusted Performance of 0.0861, semi deviation of 1.0, and Coefficient Of Variation of 925.47 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The etf holds a Beta of 1.05, which implies a somewhat significant risk relative to the market. Roundhill Ball returns are very sensitive to returns on the market. As the market goes up or down, Roundhill Ball is expected to follow.
Auto-correlation | 0.81 |
Very good predictability
Roundhill Ball Metaverse has very good predictability. Overlapping area represents the amount of predictability between Roundhill Ball time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Ball Metaverse price movement. The serial correlation of 0.81 indicates that around 81.0% of current Roundhill Ball price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Roundhill Ball Metaverse lagged returns against current returns
Autocorrelation, which is Roundhill Ball 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 Ball's etf expected returns. We can calculate the autocorrelation of Roundhill Ball returns to help us make a trade decision. For example, suppose you find that Roundhill Ball 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 |
Roundhill Ball 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 Ball etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roundhill Ball etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roundhill Ball etf over time.
Current vs Lagged Prices |
| Timeline |
Roundhill Ball Lagged Returns
When evaluating Roundhill Ball's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roundhill Ball etf have on its future price. Roundhill Ball 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 Ball autocorrelation shows the relationship between Roundhill Ball etf current value and its past values and can show if there is a momentum factor associated with investing in Roundhill Ball Metaverse.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Roundhill Ball Correlation, Roundhill Ball Volatility and Roundhill Ball Alpha and Beta module to complement your research on Roundhill Ball. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Roundhill Ball 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.