Expat Romania (Germany) Market Value
| ROX Etf | 2.01 0.04 1.95% |
| Symbol | Expat |
Expat Romania '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 Expat Romania'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 Expat Romania.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Expat Romania on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Expat Romania BET or generate 0.0% return on investment in Expat Romania over 720 days.
Expat Romania 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 Expat Romania'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 Expat Romania BET upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 4.13 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 0.9302 |
Expat Romania Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Expat Romania's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Expat Romania's standard deviation. In reality, there are many statistical measures that can use Expat Romania historical prices to predict the future Expat Romania's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Expat Romania'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.
Expat Romania BET Backtested Returns
Expat Romania BET secures Sharpe Ratio (or Efficiency) of -0.21, which denotes the etf had a -0.21% return per unit of risk over the last 3 months. Expat Romania BET exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Expat Romania's Standard Deviation of 0.8379, variance of 0.7021, and Mean Deviation of 0.6683 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Expat Romania's returns are expected to increase less than the market. However, during the bear market, the loss of holding Expat Romania is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Expat Romania BET has below average predictability. Overlapping area represents the amount of predictability between Expat Romania time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Expat Romania BET price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Expat Romania price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Expat Romania BET lagged returns against current returns
Autocorrelation, which is Expat Romania 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 Expat Romania's etf expected returns. We can calculate the autocorrelation of Expat Romania returns to help us make a trade decision. For example, suppose you find that Expat Romania 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 |
Expat Romania 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 Expat Romania etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Expat Romania etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Expat Romania etf over time.
Current vs Lagged Prices |
| Timeline |
Expat Romania Lagged Returns
When evaluating Expat Romania's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Expat Romania etf have on its future price. Expat Romania 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, Expat Romania autocorrelation shows the relationship between Expat Romania etf current value and its past values and can show if there is a momentum factor associated with investing in Expat Romania BET.
Regressed Prices |
| Timeline |