Sei Exchange Traded Etf Market Value
| SEIV Etf | USD 34.71 0.27 0.77% |
| Symbol | SEI |
The market value of SEI Exchange Traded is measured differently than its book value, which is the value of SEI that is recorded on the company's balance sheet. Investors also form their own opinion of SEI Exchange's value that differs from its market value or its book value, called intrinsic value, which is SEI Exchange'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 SEI Exchange's market value can be influenced by many factors that don't directly affect SEI Exchange'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 SEI Exchange's value and its price as these two are different measures arrived at by different means. Investors typically determine if SEI Exchange is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SEI Exchange'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.
SEI Exchange '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 SEI Exchange'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 SEI Exchange.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in SEI Exchange on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding SEI Exchange Traded or generate 0.0% return on investment in SEI Exchange over 30 days. SEI Exchange is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity and equity-related secu... More
SEI Exchange 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 SEI Exchange'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 SEI Exchange Traded upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6846 | |||
| Information Ratio | 0.0109 | |||
| Maximum Drawdown | 4.2 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.18 |
SEI Exchange Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SEI Exchange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SEI Exchange's standard deviation. In reality, there are many statistical measures that can use SEI Exchange historical prices to predict the future SEI Exchange's volatility.| Risk Adjusted Performance | 0.1367 | |||
| Jensen Alpha | 0.0186 | |||
| Total Risk Alpha | 0.0064 | |||
| Sortino Ratio | 0.0124 | |||
| Treynor Ratio | 0.1407 |
SEI Exchange Traded Backtested Returns
At this stage we consider SEI Etf to be very steady. SEI Exchange Traded owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the etf had a 0.15% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SEI Exchange Traded, which you can use to evaluate the volatility of the etf. Please validate SEI Exchange's coefficient of variation of 560.16, and Risk Adjusted Performance of 0.1367 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 0.92, which indicates possible diversification benefits within a given portfolio. SEI Exchange returns are very sensitive to returns on the market. As the market goes up or down, SEI Exchange is expected to follow.
Auto-correlation | 0.87 |
Very good predictability
SEI Exchange Traded has very good predictability. Overlapping area represents the amount of predictability between SEI Exchange time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 SEI Exchange Traded price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current SEI Exchange price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
SEI Exchange Traded lagged returns against current returns
Autocorrelation, which is SEI Exchange 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 SEI Exchange's etf expected returns. We can calculate the autocorrelation of SEI Exchange returns to help us make a trade decision. For example, suppose you find that SEI Exchange 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 |
SEI Exchange 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 SEI Exchange etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SEI Exchange etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SEI Exchange etf over time.
Current vs Lagged Prices |
| Timeline |
SEI Exchange Lagged Returns
When evaluating SEI Exchange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SEI Exchange etf have on its future price. SEI Exchange 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, SEI Exchange autocorrelation shows the relationship between SEI Exchange etf current value and its past values and can show if there is a momentum factor associated with investing in SEI Exchange Traded.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out SEI Exchange Correlation, SEI Exchange Volatility and SEI Exchange Alpha and Beta module to complement your research on SEI Exchange. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
SEI Exchange 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.