Robo Global Robotics Etf Market Value
| ROBO Etf | USD 57.62 0.52 0.89% |
| Symbol | Robo |
The market value of Robo Global Robotics is measured differently than its book value, which is the value of Robo that is recorded on the company's balance sheet. Investors also form their own opinion of Robo Global's value that differs from its market value or its book value, called intrinsic value, which is Robo Global'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 Robo Global's market value can be influenced by many factors that don't directly affect Robo Global'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 Robo Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Robo Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Robo Global'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.
Robo Global '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 Robo Global'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 Robo Global.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Robo Global on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Robo Global Robotics or generate 0.0% return on investment in Robo Global over 30 days. Robo Global is related to or competes with Main Sector, Franklin Exponential, and Goldman Sachs. The fund will normally invest at least 80 percent of its total assets in securities of the index or in depositary receip... More
Robo Global 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 Robo Global'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 Robo Global Robotics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.65 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.45 |
Robo Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Robo Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Robo Global's standard deviation. In reality, there are many statistical measures that can use Robo Global historical prices to predict the future Robo Global's volatility.| Risk Adjusted Performance | 0.0521 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0597 |
Robo Global Robotics Backtested Returns
As of now, Robo Etf is very steady. Robo Global Robotics maintains Sharpe Ratio (i.e., Efficiency) of 0.0662, which implies the entity had a 0.0662% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Robo Global Robotics, which you can use to evaluate the volatility of the etf. Please check Robo Global's Coefficient Of Variation of 1573.6, risk adjusted performance of 0.0521, and Semi Deviation of 1.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.0799%. The etf holds a Beta of 1.1, which implies a somewhat significant risk relative to the market. Robo Global returns are very sensitive to returns on the market. As the market goes up or down, Robo Global is expected to follow.
Auto-correlation | 0.82 |
Very good predictability
Robo Global Robotics has very good predictability. Overlapping area represents the amount of predictability between Robo Global time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Robo Global Robotics price movement. The serial correlation of 0.82 indicates that around 82.0% of current Robo Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Robo Global Robotics lagged returns against current returns
Autocorrelation, which is Robo Global 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 Robo Global's etf expected returns. We can calculate the autocorrelation of Robo Global returns to help us make a trade decision. For example, suppose you find that Robo Global 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 |
Robo Global 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 Robo Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Robo Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Robo Global etf over time.
Current vs Lagged Prices |
| Timeline |
Robo Global Lagged Returns
When evaluating Robo Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Robo Global etf have on its future price. Robo Global 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, Robo Global autocorrelation shows the relationship between Robo Global etf current value and its past values and can show if there is a momentum factor associated with investing in Robo Global Robotics.
Regressed Prices |
| Timeline |
Pair Trading with Robo Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Robo Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Robo Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Robo Etf
| 0.78 | INFL | Horizon Kinetics Inf | PairCorr |
| 0.85 | PSP | Invesco Global Listed | PairCorr |
| 0.88 | GXTG | Global X Thematic | PairCorr |
Moving against Robo Etf
The ability to find closely correlated positions to Robo Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Robo Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Robo Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Robo Global Robotics to buy it.
The correlation of Robo Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Robo Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Robo Global Robotics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Robo Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Robo Global Correlation, Robo Global Volatility and Robo Global Alpha and Beta module to complement your research on Robo Global. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Robo Global 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.