Simplify Volt Robocar Etf Market Value
| VCAR Etf | USD 17.23 0.31 1.77% |
| Symbol | Simplify |
The market value of Simplify Volt RoboCar is measured differently than its book value, which is the value of Simplify that is recorded on the company's balance sheet. Investors also form their own opinion of Simplify Volt's value that differs from its market value or its book value, called intrinsic value, which is Simplify Volt'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 Simplify Volt's market value can be influenced by many factors that don't directly affect Simplify Volt'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 Simplify Volt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Simplify Volt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simplify Volt'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.
Simplify Volt '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 Simplify Volt'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 Simplify Volt.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Simplify Volt on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Simplify Volt RoboCar or generate 0.0% return on investment in Simplify Volt over 720 days. Simplify Volt is related to or competes with IShares MSCI, IShares MSCI, IShares MSCI, IShares Expanded, and IShares Core. The adviser and sub-adviser seek to achieve the funds investment objective by investing in U.S More
Simplify Volt 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 Simplify Volt'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 Simplify Volt RoboCar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.5 | |||
| Information Ratio | 0.1472 | |||
| Maximum Drawdown | 31.02 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 7.91 |
Simplify Volt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simplify Volt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simplify Volt's standard deviation. In reality, there are many statistical measures that can use Simplify Volt historical prices to predict the future Simplify Volt's volatility.| Risk Adjusted Performance | 0.1413 | |||
| Jensen Alpha | 0.468 | |||
| Total Risk Alpha | 0.0697 | |||
| Sortino Ratio | 0.2067 | |||
| Treynor Ratio | 0.2707 |
Simplify Volt RoboCar Backtested Returns
Simplify Volt appears to be somewhat reliable, given 3 months investment horizon. Simplify Volt RoboCar owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the etf had a 0.18% return per unit of risk over the last 3 months. By inspecting Simplify Volt's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please review Simplify Volt's Coefficient Of Variation of 575.57, risk adjusted performance of 0.1413, and Semi Deviation of 2.51 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 3.11, 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, Simplify Volt will likely underperform.
Auto-correlation | 0.52 |
Modest predictability
Simplify Volt RoboCar has modest predictability. Overlapping area represents the amount of predictability between Simplify Volt 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 Simplify Volt RoboCar price movement. The serial correlation of 0.52 indicates that about 52.0% of current Simplify Volt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 3.11 |
Simplify Volt RoboCar lagged returns against current returns
Autocorrelation, which is Simplify Volt 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 Simplify Volt's etf expected returns. We can calculate the autocorrelation of Simplify Volt returns to help us make a trade decision. For example, suppose you find that Simplify Volt 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 |
Simplify Volt 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 Simplify Volt etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simplify Volt etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simplify Volt etf over time.
Current vs Lagged Prices |
| Timeline |
Simplify Volt Lagged Returns
When evaluating Simplify Volt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simplify Volt etf have on its future price. Simplify Volt 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, Simplify Volt autocorrelation shows the relationship between Simplify Volt etf current value and its past values and can show if there is a momentum factor associated with investing in Simplify Volt RoboCar.
Regressed Prices |
| Timeline |
Pair Trading with Simplify Volt
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 Simplify Volt 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 Simplify Volt will appreciate offsetting losses from the drop in the long position's value.Moving together with Simplify Etf
| 0.78 | VUG | Vanguard Growth Index | PairCorr |
| 0.76 | IWF | iShares Russell 1000 | PairCorr |
| 0.72 | IVW | iShares SP 500 | PairCorr |
| 0.72 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.73 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Simplify Volt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Simplify Volt 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 Simplify Volt - 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 Simplify Volt RoboCar to buy it.
The correlation of Simplify Volt 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 Simplify Volt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Simplify Volt RoboCar 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 Simplify Volt 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 Simplify Volt Correlation, Simplify Volt Volatility and Simplify Volt Alpha and Beta module to complement your research on Simplify Volt. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Simplify Volt 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.