Neos Nasdaq 100 Etf Market Value
| QQQI Etf | 52.47 0.31 0.59% |
| Symbol | NEOS |
The market value of NEOS Nasdaq 100 is measured differently than its book value, which is the value of NEOS that is recorded on the company's balance sheet. Investors also form their own opinion of NEOS Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is NEOS Nasdaq'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 NEOS Nasdaq's market value can be influenced by many factors that don't directly affect NEOS Nasdaq'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 NEOS Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if NEOS Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NEOS Nasdaq'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.
NEOS Nasdaq '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 NEOS Nasdaq'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 NEOS Nasdaq.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in NEOS Nasdaq on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding NEOS Nasdaq 100 or generate 0.0% return on investment in NEOS Nasdaq over 180 days. NEOS Nasdaq is related to or competes with Global X, Amplify CWP, and JPMorgan Equity. NEOS Nasdaq is entity of United States. It is traded as Etf on NASDAQ exchange. More
NEOS Nasdaq 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 NEOS Nasdaq'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 NEOS Nasdaq 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9712 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.23 |
NEOS Nasdaq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEOS Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEOS Nasdaq's standard deviation. In reality, there are many statistical measures that can use NEOS Nasdaq historical prices to predict the future NEOS Nasdaq's volatility.| Risk Adjusted Performance | 0.118 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1597 |
NEOS Nasdaq 100 Backtested Returns
NEOS Nasdaq is very steady at the moment. NEOS Nasdaq 100 has Sharpe Ratio of 0.2, which conveys that the entity had a 0.2% return per unit of volatility over the last 3 months. We have found thirty technical indicators for NEOS Nasdaq, which you can use to evaluate the volatility of the etf. Please verify NEOS Nasdaq's risk adjusted performance of 0.118, and Mean Deviation of 0.5463 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. The etf secures a Beta (Market Risk) of 0.72, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEOS Nasdaq's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEOS Nasdaq is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
NEOS Nasdaq 100 has virtually no predictability. Overlapping area represents the amount of predictability between NEOS Nasdaq time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 NEOS Nasdaq 100 price movement. The serial correlation of 0.01 indicates that just 1.0% of current NEOS Nasdaq price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2.13 |
NEOS Nasdaq 100 lagged returns against current returns
Autocorrelation, which is NEOS Nasdaq 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 NEOS Nasdaq's etf expected returns. We can calculate the autocorrelation of NEOS Nasdaq returns to help us make a trade decision. For example, suppose you find that NEOS Nasdaq 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 |
NEOS Nasdaq 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 NEOS Nasdaq etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEOS Nasdaq etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEOS Nasdaq etf over time.
Current vs Lagged Prices |
| Timeline |
NEOS Nasdaq Lagged Returns
When evaluating NEOS Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEOS Nasdaq etf have on its future price. NEOS Nasdaq 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, NEOS Nasdaq autocorrelation shows the relationship between NEOS Nasdaq etf current value and its past values and can show if there is a momentum factor associated with investing in NEOS Nasdaq 100.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether NEOS Nasdaq 100 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NEOS Nasdaq's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Neos Nasdaq 100 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Neos Nasdaq 100 Etf:Check out NEOS Nasdaq Correlation, NEOS Nasdaq Volatility and NEOS Nasdaq Alpha and Beta module to complement your research on NEOS Nasdaq. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
NEOS Nasdaq 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.