Esoterica Nextg Economy Etf Market Value
| WUGI Etf | USD 74.32 0.18 0.24% |
| Symbol | Esoterica |
The market value of Esoterica NextG Economy is measured differently than its book value, which is the value of Esoterica that is recorded on the company's balance sheet. Investors also form their own opinion of Esoterica NextG's value that differs from its market value or its book value, called intrinsic value, which is Esoterica NextG'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 Esoterica NextG's market value can be influenced by many factors that don't directly affect Esoterica NextG'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 Esoterica NextG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Esoterica NextG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Esoterica NextG'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.
Esoterica NextG '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 Esoterica NextG'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 Esoterica NextG.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Esoterica NextG on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Esoterica NextG Economy or generate 0.0% return on investment in Esoterica NextG over 30 days. Esoterica NextG is related to or competes with Nexalin Technology, Kilroy Realty, Highwoods Properties, Karat Packaging, and Brookfield Real. The fund is an actively-managed ETF that will invest, under normal circumstances, at least 80 percent of its total asset... More
Esoterica NextG 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 Esoterica NextG'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 Esoterica NextG Economy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.0106 | |||
| Maximum Drawdown | 8.36 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.52 |
Esoterica NextG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Esoterica NextG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Esoterica NextG's standard deviation. In reality, there are many statistical measures that can use Esoterica NextG historical prices to predict the future Esoterica NextG's volatility.| Risk Adjusted Performance | 0.0749 | |||
| Jensen Alpha | 0.0155 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0095 | |||
| Treynor Ratio | 0.1358 |
Esoterica NextG Economy Backtested Returns
Esoterica NextG is very steady at the moment. Esoterica NextG Economy secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the etf had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Esoterica NextG Economy, which you can use to evaluate the volatility of the entity. Please confirm Esoterica NextG's Downside Deviation of 1.8, mean deviation of 1.14, and Coefficient Of Variation of 1098.72 to check if the risk estimate we provide is consistent with the expected return of 0.19%. The etf shows a Beta (market volatility) of 1.01, which means a somewhat significant risk relative to the market. Esoterica NextG returns are very sensitive to returns on the market. As the market goes up or down, Esoterica NextG is expected to follow.
Auto-correlation | 0.47 |
Average predictability
Esoterica NextG Economy has average predictability. Overlapping area represents the amount of predictability between Esoterica NextG 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 Esoterica NextG Economy price movement. The serial correlation of 0.47 indicates that about 47.0% of current Esoterica NextG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Esoterica NextG Economy lagged returns against current returns
Autocorrelation, which is Esoterica NextG 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 Esoterica NextG's etf expected returns. We can calculate the autocorrelation of Esoterica NextG returns to help us make a trade decision. For example, suppose you find that Esoterica NextG 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 |
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Esoterica NextG 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 Esoterica NextG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Esoterica NextG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Esoterica NextG etf over time.
Current vs Lagged Prices |
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Esoterica NextG Lagged Returns
When evaluating Esoterica NextG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Esoterica NextG etf have on its future price. Esoterica NextG 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, Esoterica NextG autocorrelation shows the relationship between Esoterica NextG etf current value and its past values and can show if there is a momentum factor associated with investing in Esoterica NextG Economy.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Esoterica NextG Economy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Esoterica NextG'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 Esoterica Nextg Economy Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Esoterica Nextg Economy Etf:Check out Esoterica NextG Correlation, Esoterica NextG Volatility and Esoterica NextG Alpha and Beta module to complement your research on Esoterica NextG. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Esoterica NextG 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.