Leverage Shares' market value is the price at which a share of Leverage Shares trades on a public exchange. It measures the collective expectations of Leverage Shares 1x investors about its performance. Leverage Shares is trading at 0.38 as of the 30th of November 2024, a 2.56 percent decrease since the beginning of the trading day. The etf's lowest day price was 0.38. With this module, you can estimate the performance of a buy and hold strategy of Leverage Shares 1x and determine expected loss or profit from investing in Leverage Shares 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
Leverage
Leverage Shares '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 Leverage Shares' 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 Leverage Shares.
0.00
10/31/2024
No Change 0.00
0.0
In 31 days
11/30/2024
0.00
If you would invest 0.00 in Leverage Shares on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Leverage Shares 1x or generate 0.0% return on investment in Leverage Shares over 30 days.
Leverage Shares 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 Leverage Shares' 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 Leverage Shares 1x 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 Leverage Shares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leverage Shares' standard deviation. In reality, there are many statistical measures that can use Leverage Shares historical prices to predict the future Leverage Shares' volatility.
Leverage Shares 1x has Sharpe Ratio of -0.29, which conveys that the entity had a -0.29% return per unit of risk over the last 3 months. Leverage Shares exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Leverage Shares' Standard Deviation of 4.0, mean deviation of 2.69, and Risk Adjusted Performance of (0.22) to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Leverage Shares' returns are expected to increase less than the market. However, during the bear market, the loss of holding Leverage Shares is expected to be smaller as well.
Auto-correlation
0.63
Good predictability
Leverage Shares 1x has good predictability. Overlapping area represents the amount of predictability between Leverage Shares time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Leverage Shares 1x price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Leverage Shares price fluctuation can be explain by its past prices.
Correlation Coefficient
0.63
Spearman Rank Test
0.64
Residual Average
0.0
Price Variance
0.0
Leverage Shares 1x lagged returns against current returns
Autocorrelation, which is Leverage Shares 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 Leverage Shares' etf expected returns. We can calculate the autocorrelation of Leverage Shares returns to help us make a trade decision. For example, suppose you find that Leverage Shares 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
Leverage Shares 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 Leverage Shares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leverage Shares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leverage Shares etf over time.
Current vs Lagged Prices
Timeline
Leverage Shares Lagged Returns
When evaluating Leverage Shares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leverage Shares etf have on its future price. Leverage Shares 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, Leverage Shares autocorrelation shows the relationship between Leverage Shares etf current value and its past values and can show if there is a momentum factor associated with investing in Leverage Shares 1x.
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.