The 2023 Etf Market Value
| PCLN Etf | 26.85 0.51 1.94% |
| Symbol | 2023 |
The market value of 2023 ETF is measured differently than its book value, which is the value of 2023 that is recorded on the company's balance sheet. Investors also form their own opinion of 2023 ETF's value that differs from its market value or its book value, called intrinsic value, which is 2023 ETF'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 2023 ETF's market value can be influenced by many factors that don't directly affect 2023 ETF'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 2023 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if 2023 ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 2023 ETF'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.
2023 ETF '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 2023 ETF'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 2023 ETF.
| 12/23/2025 |
| 01/22/2026 |
If you would invest 0.00 in 2023 ETF on December 23, 2025 and sell it all today you would earn a total of 0.00 from holding The 2023 ETF or generate 0.0% return on investment in 2023 ETF over 30 days. 2023 ETF is related to or competes with IShares Dividend, Martin Currie, AdvisorShares Gerber, IShares Exponential, Roundhill ETF, Roundhill Ball, and Global X. Booking Holdings Inc. provides online travel and related services to consumers and local partners More
2023 ETF 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 2023 ETF'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 The 2023 ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.0015 | |||
| Maximum Drawdown | 4.67 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 1.86 |
2023 ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 2023 ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 2023 ETF's standard deviation. In reality, there are many statistical measures that can use 2023 ETF historical prices to predict the future 2023 ETF's volatility.| Risk Adjusted Performance | 0.0689 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0015 | |||
| Treynor Ratio | 0.0788 |
2023 ETF Backtested Returns
As of now, 2023 Etf is very steady. 2023 ETF secures Sharpe Ratio (or Efficiency) of 0.069, which signifies that the etf had a 0.069 % return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for The 2023 ETF, which you can use to evaluate the volatility of the entity. Please confirm 2023 ETF's semi deviation of 1.11, and Risk Adjusted Performance of 0.0689 to double-check if the risk estimate we provide is consistent with the expected return of 0.0826%. The etf shows a Beta (market volatility) of 1.2, which signifies 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, 2023 ETF will likely underperform.
Auto-correlation | 0.46 |
Average predictability
The 2023 ETF has average predictability. Overlapping area represents the amount of predictability between 2023 ETF time series from 23rd of December 2025 to 7th of January 2026 and 7th of January 2026 to 22nd of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 2023 ETF price movement. The serial correlation of 0.46 indicates that about 46.0% of current 2023 ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
2023 ETF lagged returns against current returns
Autocorrelation, which is 2023 ETF 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 2023 ETF's etf expected returns. We can calculate the autocorrelation of 2023 ETF returns to help us make a trade decision. For example, suppose you find that 2023 ETF 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 |
2023 ETF 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 2023 ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 2023 ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 2023 ETF etf over time.
Current vs Lagged Prices |
| Timeline |
2023 ETF Lagged Returns
When evaluating 2023 ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 2023 ETF etf have on its future price. 2023 ETF 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, 2023 ETF autocorrelation shows the relationship between 2023 ETF etf current value and its past values and can show if there is a momentum factor associated with investing in The 2023 ETF.
Regressed Prices |
| Timeline |
Pair Trading with 2023 ETF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 2023 ETF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 2023 ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with 2023 Etf
The ability to find closely correlated positions to 2023 ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 2023 ETF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 2023 ETF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The 2023 ETF to buy it.
The correlation of 2023 ETF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 2023 ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 2023 ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 2023 ETF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out 2023 ETF Correlation, 2023 ETF Volatility and 2023 ETF Alpha and Beta module to complement your research on 2023 ETF. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
2023 ETF 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.