Simplify Next Intangible Etf Market Value
| NXTV Etf | 29.05 0.23 0.79% |
| Symbol | Simplify |
The market value of Simplify Next Intangible is measured differently than its book value, which is the value of Simplify that is recorded on the company's balance sheet. Investors also form their own opinion of Simplify Next's value that differs from its market value or its book value, called intrinsic value, which is Simplify Next'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 Simplify Next's market value can be influenced by many factors that don't directly affect Simplify Next'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 Simplify Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if Simplify Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simplify Next'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.
Simplify Next '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 Simplify Next'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 Simplify Next.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Simplify Next on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Simplify Next Intangible or generate 0.0% return on investment in Simplify Next over 30 days. Simplify Next is related to or competes with IShares MSCI, ABIVAX Société, HUMANA, SCOR PK, Pinnacle Sherman, Ab Pennsylvania, and Barloworld. Simplify Next is entity of United States More
Simplify Next 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 Simplify Next'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 Simplify Next Intangible upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.699 | |||
| Information Ratio | 0.0012 | |||
| Maximum Drawdown | 4.27 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.46 |
Simplify Next Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simplify Next's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simplify Next's standard deviation. In reality, there are many statistical measures that can use Simplify Next historical prices to predict the future Simplify Next's volatility.| Risk Adjusted Performance | 0.1199 | |||
| Jensen Alpha | 0.0031 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0014 | |||
| Treynor Ratio | 0.1236 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Simplify Next'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.
Simplify Next Intangible Backtested Returns
At this stage we consider Simplify Etf to be very steady. Simplify Next Intangible owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the etf had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Simplify Next Intangible, which you can use to evaluate the volatility of the etf. Please validate Simplify Next's Coefficient Of Variation of 642.44, semi deviation of 0.5197, and Risk Adjusted Performance of 0.1199 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 0.98, which indicates possible diversification benefits within a given portfolio. Simplify Next returns are very sensitive to returns on the market. As the market goes up or down, Simplify Next is expected to follow.
Auto-correlation | 0.87 |
Very good predictability
Simplify Next Intangible has very good predictability. Overlapping area represents the amount of predictability between Simplify Next time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Simplify Next Intangible price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Simplify Next price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Simplify Next Intangible lagged returns against current returns
Autocorrelation, which is Simplify Next 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 Simplify Next's etf expected returns. We can calculate the autocorrelation of Simplify Next returns to help us make a trade decision. For example, suppose you find that Simplify Next 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 |
Simplify Next 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 Simplify Next etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simplify Next etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simplify Next etf over time.
Current vs Lagged Prices |
| Timeline |
Simplify Next Lagged Returns
When evaluating Simplify Next's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simplify Next etf have on its future price. Simplify Next 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, Simplify Next autocorrelation shows the relationship between Simplify Next etf current value and its past values and can show if there is a momentum factor associated with investing in Simplify Next Intangible.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Simplify Next Correlation, Simplify Next Volatility and Simplify Next Alpha and Beta module to complement your research on Simplify Next. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Simplify Next 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.