Roundhill Video Games Etf Market Value
| NERD Etf | USD 19.89 0.23 1.17% |
| Symbol | Roundhill |
The market value of Roundhill Video Games 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 Video's value that differs from its market value or its book value, called intrinsic value, which is Roundhill Video'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 Video's market value can be influenced by many factors that don't directly affect Roundhill Video'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 Video's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Video is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill Video'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 Video '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 Video'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 Video.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Roundhill Video on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Roundhill Video Games or generate 0.0% return on investment in Roundhill Video over 30 days. Roundhill Video is related to or competes with Vanguard Industrials, Vanguard Materials, Vanguard Consumer, Vanguard Consumer, and Vanguard Utilities. The fund uses a passive management approach to seek to track the total return performance, before fees and expenses, of ... More
Roundhill Video 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 Video'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 Video Games upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8925 | |||
| Information Ratio | 0.1001 | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.65 |
Roundhill Video Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roundhill Video's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roundhill Video's standard deviation. In reality, there are many statistical measures that can use Roundhill Video historical prices to predict the future Roundhill Video's volatility.| Risk Adjusted Performance | 0.1629 | |||
| Jensen Alpha | 0.1912 | |||
| Total Risk Alpha | 0.051 | |||
| Sortino Ratio | 0.1364 | |||
| Treynor Ratio | 0.571 |
Roundhill Video Games Backtested Returns
Roundhill Video appears to be very steady, given 3 months investment horizon. Roundhill Video Games maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the entity had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for Roundhill Video Games, which you can use to evaluate the volatility of the etf. Please evaluate Roundhill Video's Risk Adjusted Performance of 0.1629, coefficient of variation of 481.63, and Semi Deviation of 0.6638 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of 0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Roundhill Video's returns are expected to increase less than the market. However, during the bear market, the loss of holding Roundhill Video is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
Roundhill Video Games has good predictability. Overlapping area represents the amount of predictability between Roundhill Video time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Video Games price movement. The serial correlation of 0.66 indicates that around 66.0% of current Roundhill Video price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Roundhill Video Games lagged returns against current returns
Autocorrelation, which is Roundhill Video 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 Video's etf expected returns. We can calculate the autocorrelation of Roundhill Video returns to help us make a trade decision. For example, suppose you find that Roundhill Video 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 Video 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 Video etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roundhill Video etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roundhill Video etf over time.
Current vs Lagged Prices |
| Timeline |
Roundhill Video Lagged Returns
When evaluating Roundhill Video's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roundhill Video etf have on its future price. Roundhill Video 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 Video autocorrelation shows the relationship between Roundhill Video etf current value and its past values and can show if there is a momentum factor associated with investing in Roundhill Video Games.
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.When determining whether Roundhill Video Games is a strong investment it is important to analyze Roundhill Video's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Roundhill Video's future performance. For an informed investment choice regarding Roundhill Etf, refer to the following important reports:Check out Roundhill Video Correlation, Roundhill Video Volatility and Roundhill Video Alpha and Beta module to complement your research on Roundhill Video. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Roundhill Video 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.