Sofi Next 500 Etf Market Value
| SFYX Etf | USD 15.68 0.06 0.38% |
| Symbol | SoFi |
The market value of SoFi Next 500 is measured differently than its book value, which is the value of SoFi that is recorded on the company's balance sheet. Investors also form their own opinion of SoFi Next's value that differs from its market value or its book value, called intrinsic value, which is SoFi Next'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 SoFi Next's market value can be influenced by many factors that don't directly affect SoFi Next'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 SoFi Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoFi Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoFi Next'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.
SoFi Next '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 SoFi Next'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 SoFi Next.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in SoFi Next on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding SoFi Next 500 or generate 0.0% return on investment in SoFi Next over 720 days. SoFi Next is related to or competes with SoFi Social, SoFi Select, and BNY Mellon. Under normal circumstances, at least 80 percent of the funds total assets will be invested in the component securities o... More
SoFi Next 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 SoFi Next'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 SoFi Next 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0441 | |||
| Maximum Drawdown | 6.89 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.56 |
SoFi Next Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SoFi Next's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SoFi Next's standard deviation. In reality, there are many statistical measures that can use SoFi Next historical prices to predict the future SoFi Next's volatility.| Risk Adjusted Performance | 0.1197 | |||
| Jensen Alpha | 0.0143 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0429 | |||
| Treynor Ratio | 0.1312 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SoFi Next'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.
SoFi Next 500 Backtested Returns
At this stage we consider SoFi Etf to be very steady. SoFi Next 500 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-eight technical indicators for SoFi Next 500, which you can use to evaluate the volatility of the etf. Please validate SoFi Next's risk adjusted performance of 0.1197, and Coefficient Of Variation of 658.85 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The entity has a beta of 1.32, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SoFi Next will likely underperform.
Auto-correlation | 0.02 |
Virtually no predictability
SoFi Next 500 has virtually no predictability. Overlapping area represents the amount of predictability between SoFi Next time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 SoFi Next 500 price movement. The serial correlation of 0.02 indicates that only 2.0% of current SoFi Next price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
SoFi Next 500 lagged returns against current returns
Autocorrelation, which is SoFi Next 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 SoFi Next's etf expected returns. We can calculate the autocorrelation of SoFi Next returns to help us make a trade decision. For example, suppose you find that SoFi Next 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 |
SoFi Next 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 SoFi Next etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SoFi Next etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SoFi Next etf over time.
Current vs Lagged Prices |
| Timeline |
SoFi Next Lagged Returns
When evaluating SoFi Next's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SoFi Next etf have on its future price. SoFi Next 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, SoFi Next autocorrelation shows the relationship between SoFi Next etf current value and its past values and can show if there is a momentum factor associated with investing in SoFi Next 500.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether SoFi Next 500 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SoFi Next'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 Sofi Next 500 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Sofi Next 500 Etf:Check out SoFi Next Correlation, SoFi Next Volatility and SoFi Next Alpha and Beta module to complement your research on SoFi Next. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
SoFi Next 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.