Investo Bluestar's market value is the price at which a share of Investo Bluestar trades on a public exchange. It measures the collective expectations of Investo Bluestar Top investors about its performance. Investo Bluestar is trading at 238.50 as of the 11th of December 2024, a 0.68% increase since the beginning of the trading day. The etf's open price was 236.88. With this module, you can estimate the performance of a buy and hold strategy of Investo Bluestar Top and determine expected loss or profit from investing in Investo Bluestar over a given investment horizon. Check out Your Equity Center 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 board of governors.
Symbol
Investo
Investo Bluestar '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 Investo Bluestar'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 Investo Bluestar.
0.00
11/11/2024
No Change 0.00
0.0
In 31 days
12/11/2024
0.00
If you would invest 0.00 in Investo Bluestar on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Investo Bluestar Top or generate 0.0% return on investment in Investo Bluestar over 30 days.
Investo Bluestar 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 Investo Bluestar'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 Investo Bluestar Top 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 Investo Bluestar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Investo Bluestar's standard deviation. In reality, there are many statistical measures that can use Investo Bluestar historical prices to predict the future Investo Bluestar's volatility.
Investo Bluestar appears to be very steady, given 3 months investment horizon. Investo Bluestar Top holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. By evaluating Investo Bluestar's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Investo Bluestar's Downside Deviation of 3.04, market risk adjusted performance of 1.92, and Risk Adjusted Performance of 0.1756 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Investo Bluestar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Investo Bluestar is expected to be smaller as well.
Auto-correlation
-0.29
Weak reverse predictability
Investo Bluestar Top has weak reverse predictability. Overlapping area represents the amount of predictability between Investo Bluestar time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Investo Bluestar Top price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Investo Bluestar price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.29
Spearman Rank Test
-0.12
Residual Average
0.0
Price Variance
140.59
Investo Bluestar Top lagged returns against current returns
Autocorrelation, which is Investo Bluestar 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 Investo Bluestar's etf expected returns. We can calculate the autocorrelation of Investo Bluestar returns to help us make a trade decision. For example, suppose you find that Investo Bluestar 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
Investo Bluestar 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 Investo Bluestar etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Investo Bluestar etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Investo Bluestar etf over time.
Current vs Lagged Prices
Timeline
Investo Bluestar Lagged Returns
When evaluating Investo Bluestar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Investo Bluestar etf have on its future price. Investo Bluestar 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, Investo Bluestar autocorrelation shows the relationship between Investo Bluestar etf current value and its past values and can show if there is a momentum factor associated with investing in Investo Bluestar Top.
Regressed Prices
Timeline
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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.