Iq Global Equity Etf Market Value
| WRND Etf | USD 29.29 0.05 0.17% |
| Symbol | WRND |
The market value of IQ Global Equity is measured differently than its book value, which is the value of WRND that is recorded on the company's balance sheet. Investors also form their own opinion of IQ Global's value that differs from its market value or its book value, called intrinsic value, which is IQ Global'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 IQ Global's market value can be influenced by many factors that don't directly affect IQ Global'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 IQ Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if IQ Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IQ Global'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.
IQ Global '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 IQ Global'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 IQ Global.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in IQ Global on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding IQ Global Equity or generate 0.0% return on investment in IQ Global over 450 days. IQ Global is related to or competes with Mackenzie Canadian, Mackenzie Large, BMO MSCI, BMO Long, and BMO Short. The underlying index seeks to provide exposure to innovative companies by investing in the equities of companies that ha... More
IQ Global 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 IQ Global'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 IQ Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.98 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.32 |
IQ Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IQ Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IQ Global's standard deviation. In reality, there are many statistical measures that can use IQ Global historical prices to predict the future IQ Global's volatility.| Risk Adjusted Performance | 0.0015 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (0.02) |
IQ Global Equity Backtested Returns
IQ Global Equity retains Efficiency (Sharpe Ratio) of -0.001, which attests that the entity had a -0.001% return per unit of price deviation over the last 3 months. IQ Global exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IQ Global's Standard Deviation of 0.8814, semi deviation of 0.9394, and Market Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IQ Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding IQ Global is expected to be smaller as well.
Auto-correlation | 0.45 |
Average predictability
IQ Global Equity has average predictability. Overlapping area represents the amount of predictability between IQ Global time series from 4th of September 2023 to 16th of April 2024 and 16th of April 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 IQ Global Equity price movement. The serial correlation of 0.45 indicates that just about 45.0% of current IQ Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
IQ Global Equity lagged returns against current returns
Autocorrelation, which is IQ Global 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 IQ Global's etf expected returns. We can calculate the autocorrelation of IQ Global returns to help us make a trade decision. For example, suppose you find that IQ Global 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 |
IQ Global 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 IQ Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IQ Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IQ Global etf over time.
Current vs Lagged Prices |
| Timeline |
IQ Global Lagged Returns
When evaluating IQ Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IQ Global etf have on its future price. IQ Global 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, IQ Global autocorrelation shows the relationship between IQ Global etf current value and its past values and can show if there is a momentum factor associated with investing in IQ Global Equity.
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 IQ Global Equity is a strong investment it is important to analyze IQ Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IQ Global's future performance. For an informed investment choice regarding WRND Etf, refer to the following important reports:Check out IQ Global Correlation, IQ Global Volatility and IQ Global Alpha and Beta module to complement your research on IQ Global. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
IQ Global 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.