CoreShares Preference (South Africa) Market Value
| PREFTX Etf | 985.00 0.00 0.00% |
| Symbol | CoreShares |
CoreShares Preference '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 CoreShares Preference'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 CoreShares Preference.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in CoreShares Preference on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding CoreShares Preference Share or generate 0.0% return on investment in CoreShares Preference over 30 days.
CoreShares Preference 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 CoreShares Preference'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 CoreShares Preference Share upside and downside potential and time the market with a certain degree of confidence.
CoreShares Preference Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoreShares Preference's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoreShares Preference's standard deviation. In reality, there are many statistical measures that can use CoreShares Preference historical prices to predict the future CoreShares Preference's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CoreShares Preference'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.
CoreShares Preference Backtested Returns
We have found three technical indicators for CoreShares Preference Share, which you can use to evaluate the volatility of the entity. The etf shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and CoreShares Preference are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
CoreShares Preference Share has no correlation between past and present. Overlapping area represents the amount of predictability between CoreShares Preference time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 CoreShares Preference price movement. The serial correlation of 0.0 indicates that just 0.0% of current CoreShares Preference price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CoreShares Preference lagged returns against current returns
Autocorrelation, which is CoreShares Preference 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 CoreShares Preference's etf expected returns. We can calculate the autocorrelation of CoreShares Preference returns to help us make a trade decision. For example, suppose you find that CoreShares Preference 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 |
CoreShares Preference 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 CoreShares Preference etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoreShares Preference etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoreShares Preference etf over time.
Current vs Lagged Prices |
| Timeline |
CoreShares Preference Lagged Returns
When evaluating CoreShares Preference's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoreShares Preference etf have on its future price. CoreShares Preference 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, CoreShares Preference autocorrelation shows the relationship between CoreShares Preference etf current value and its past values and can show if there is a momentum factor associated with investing in CoreShares Preference Share.
Regressed Prices |
| Timeline |