Aim Etf Products Etf Market Value
| SIXO Etf | USD 32.63 0.10 0.31% |
| Symbol | AIM |
The market value of AIM ETF Products is measured differently than its book value, which is the value of AIM that is recorded on the company's balance sheet. Investors also form their own opinion of AIM ETF's value that differs from its market value or its book value, called intrinsic value, which is AIM ETF'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 AIM ETF's market value can be influenced by many factors that don't directly affect AIM ETF'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 AIM ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if AIM ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AIM ETF'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.
AIM ETF '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 AIM ETF'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 AIM ETF.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in AIM ETF on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding AIM ETF Products or generate 0.0% return on investment in AIM ETF over 30 days. AIM ETF is related to or competes with AIM ETF, 6 Meridian, Simplify Equity, and Exchange Listed. Under normal market conditions, the fund invests at least 80 percent of its net assets in instruments with economic char... More
AIM ETF 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 AIM ETF'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 AIM ETF Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5338 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 2.05 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 0.7262 |
AIM ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AIM ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIM ETF's standard deviation. In reality, there are many statistical measures that can use AIM ETF historical prices to predict the future AIM ETF's volatility.| Risk Adjusted Performance | 0.1072 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.1308 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AIM ETF'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.
AIM ETF Products Backtested Returns
As of now, AIM Etf is very steady. AIM ETF Products secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the etf had a 0.17% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for AIM ETF Products, which you can use to evaluate the volatility of the entity. Please confirm AIM ETF's Semi Deviation of 0.3336, mean deviation of 0.2923, and Risk Adjusted Performance of 0.1072 to double-check if the risk estimate we provide is consistent with the expected return of 0.0772%. The etf shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AIM ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding AIM ETF is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
AIM ETF Products has good predictability. Overlapping area represents the amount of predictability between AIM ETF 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 AIM ETF Products price movement. The serial correlation of 0.78 indicates that around 78.0% of current AIM ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
AIM ETF Products lagged returns against current returns
Autocorrelation, which is AIM ETF 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 AIM ETF's etf expected returns. We can calculate the autocorrelation of AIM ETF returns to help us make a trade decision. For example, suppose you find that AIM ETF 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 |
AIM ETF 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 AIM ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIM ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIM ETF etf over time.
Current vs Lagged Prices |
| Timeline |
AIM ETF Lagged Returns
When evaluating AIM ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIM ETF etf have on its future price. AIM ETF 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, AIM ETF autocorrelation shows the relationship between AIM ETF etf current value and its past values and can show if there is a momentum factor associated with investing in AIM ETF Products.
Regressed Prices |
| Timeline |
Pair Trading with AIM ETF
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 AIM ETF 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 AIM ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with AIM Etf
| 1.0 | BUFR | First Trust Cboe | PairCorr |
| 0.99 | BUFD | FT Cboe Vest | PairCorr |
| 0.99 | PSEP | Innovator SP 500 | PairCorr |
| 0.99 | PJAN | Innovator SP 500 | PairCorr |
The ability to find closely correlated positions to AIM ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AIM ETF 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 AIM ETF - 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 AIM ETF Products to buy it.
The correlation of AIM ETF 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 AIM ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AIM ETF Products 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 AIM ETF 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 AIM ETF Correlation, AIM ETF Volatility and AIM ETF Alpha and Beta module to complement your research on AIM ETF. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
AIM ETF 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.