Ned Davis' market value is the price at which a share of Ned Davis trades on a public exchange. It measures the collective expectations of Ned Davis Research investors about its performance. Ned Davis is trading at 20.30 as of the 29th of November 2024, a 0.50 percent increase since the beginning of the trading day. The etf's open price was 20.2. With this module, you can estimate the performance of a buy and hold strategy of Ned Davis Research and determine expected loss or profit from investing in Ned Davis 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 nation.
Symbol
Ned
Ned Davis '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 Ned Davis' 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 Ned Davis.
0.00
10/30/2024
No Change 0.00
0.0
In 31 days
11/29/2024
0.00
If you would invest 0.00 in Ned Davis on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ned Davis Research or generate 0.0% return on investment in Ned Davis over 30 days.
Ned Davis 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 Ned Davis' 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 Ned Davis Research 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 Ned Davis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ned Davis' standard deviation. In reality, there are many statistical measures that can use Ned Davis historical prices to predict the future Ned Davis' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ned Davis. Your research has to be compared to or analyzed against Ned Davis' peers to derive any actionable benefits. When done correctly, Ned Davis' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ned Davis Research.
Ned Davis Research Backtested Returns
At this point, Ned Davis is very steady. Ned Davis Research has Sharpe Ratio of 0.064, which conveys that the entity had a 0.064% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ned Davis, which you can use to evaluate the volatility of the etf. Please verify Ned Davis' Downside Deviation of 0.5419, mean deviation of 0.4111, and Risk Adjusted Performance of 0.0454 to check out if the risk estimate we provide is consistent with the expected return of 0.0334%. The etf secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Ned Davis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ned Davis is expected to be smaller as well.
Auto-correlation
0.77
Good predictability
Ned Davis Research has good predictability. Overlapping area represents the amount of predictability between Ned Davis time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Ned Davis Research price movement. The serial correlation of 0.77 indicates that around 77.0% of current Ned Davis price fluctuation can be explain by its past prices.
Correlation Coefficient
0.77
Spearman Rank Test
0.57
Residual Average
0.0
Price Variance
0.04
Ned Davis Research lagged returns against current returns
Autocorrelation, which is Ned Davis 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 Ned Davis' etf expected returns. We can calculate the autocorrelation of Ned Davis returns to help us make a trade decision. For example, suppose you find that Ned Davis 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
Ned Davis 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 Ned Davis etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ned Davis etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ned Davis etf over time.
Current vs Lagged Prices
Timeline
Ned Davis Lagged Returns
When evaluating Ned Davis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ned Davis etf have on its future price. Ned Davis 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, Ned Davis autocorrelation shows the relationship between Ned Davis etf current value and its past values and can show if there is a momentum factor associated with investing in Ned Davis Research.
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.