The 2023 Etf Market Value
| QLTI Etf | 26.55 0.83 3.03% |
| 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. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. 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.
It's important to distinguish between 2023 ETF's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding 2023 ETF should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, 2023 ETF's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
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.
| 12/05/2025 |
| 03/05/2026 |
If you would invest 0.00 in 2023 ETF on December 5, 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 90 days. 2023 ETF is related to or competes with JPMorgan Active, JPMorgan BetaBuilders, Fidelity Covington, IShares Financials, IShares Medical, SPDR SP, and Dimensional ETF. QLT Inc., a biotechnology company, engages in the development and commercialization of ocular solutions that address the unmet medical needs of patients and clinicians worldwide. 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 | 0.9785 | |||
| Information Ratio | 0.0222 | |||
| Maximum Drawdown | 4.12 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.22 |
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 | 0.057 | |||
| Jensen Alpha | 0.0587 | |||
| Total Risk Alpha | 0.0144 | |||
| Sortino Ratio | 0.0192 | |||
| Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 2023 ETF'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.
2023 ETF March 5, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.057 | |||
| Market Risk Adjusted Performance | (0.30) | |||
| Mean Deviation | 0.6228 | |||
| Semi Deviation | 0.909 | |||
| Downside Deviation | 0.9785 | |||
| Coefficient Of Variation | 1346.57 | |||
| Standard Deviation | 0.8474 | |||
| Variance | 0.718 | |||
| Information Ratio | 0.0222 | |||
| Jensen Alpha | 0.0587 | |||
| Total Risk Alpha | 0.0144 | |||
| Sortino Ratio | 0.0192 | |||
| Treynor Ratio | (0.31) | |||
| Maximum Drawdown | 4.12 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.22 | |||
| Downside Variance | 0.9574 | |||
| Semi Variance | 0.8263 | |||
| Expected Short fall | (0.62) | |||
| Skewness | (0.99) | |||
| Kurtosis | 2.39 |
2023 ETF Backtested Returns
2023 ETF is very steady at the moment. 2023 ETF secures Sharpe Ratio (or Efficiency) of 0.0341, which signifies that the etf had a 0.0341 % return per unit of volatility over the last 3 months. We have found thirty 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 0.909, and Risk Adjusted Performance of 0.057 to double-check if the risk estimate we provide is consistent with the expected return of 0.0297%. The etf shows a Beta (market volatility) of -0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 2023 ETF are expected to decrease at a much lower rate. During the bear market, 2023 ETF is likely to outperform the market.
Auto-correlation | 0.60 |
Good predictability
The 2023 ETF has good predictability. Overlapping area represents the amount of predictability between 2023 ETF time series from 5th of December 2025 to 19th of January 2026 and 19th of January 2026 to 5th of March 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 0.6 indicates that roughly 60.0% of current 2023 ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
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Check out 2023 ETF Correlation, 2023 ETF Volatility and 2023 ETF Performance module to complement your research on 2023 ETF. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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.