Inspire International Esg Etf Market Value
| WWJD Etf | USD 29.78 0.03 0.10% |
| Symbol | Inspire |
The market value of Inspire International ESG is measured differently than its book value, which is the value of Inspire that is recorded on the company's balance sheet. Investors also form their own opinion of Inspire International's value that differs from its market value or its book value, called intrinsic value, which is Inspire International'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 Inspire International's market value can be influenced by many factors that don't directly affect Inspire International'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 Inspire International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inspire International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inspire International'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.
Inspire International '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 Inspire International'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 Inspire International.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Inspire International on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Inspire International ESG or generate 0.0% return on investment in Inspire International over 480 days. Inspire International is related to or competes with Dimensional Core, Dimensional Emerging, Dimensional Targeted, Dimensional Small, and Dimensional Core. The fund generally invests at least 80 percent of its total assets in the component securities of the Inspire Global Hop... More
Inspire International 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 Inspire International'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 Inspire International ESG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.3 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.55 |
Inspire International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inspire International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inspire International's standard deviation. In reality, there are many statistical measures that can use Inspire International historical prices to predict the future Inspire International's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.10) |
Inspire International ESG Backtested Returns
Inspire International ESG holds Efficiency (Sharpe) Ratio of -0.0815, which attests that the entity had a -0.0815% return per unit of risk over the last 3 months. Inspire International ESG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inspire International's Risk Adjusted Performance of (0.03), standard deviation of 0.8644, and Market Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Inspire International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inspire International is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
Inspire International ESG has modest predictability. Overlapping area represents the amount of predictability between Inspire International time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Inspire International ESG price movement. The serial correlation of 0.54 indicates that about 54.0% of current Inspire International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
Inspire International ESG lagged returns against current returns
Autocorrelation, which is Inspire International 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 Inspire International's etf expected returns. We can calculate the autocorrelation of Inspire International returns to help us make a trade decision. For example, suppose you find that Inspire International 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 |
Inspire International 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 Inspire International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inspire International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inspire International etf over time.
Current vs Lagged Prices |
| Timeline |
Inspire International Lagged Returns
When evaluating Inspire International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inspire International etf have on its future price. Inspire International 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, Inspire International autocorrelation shows the relationship between Inspire International etf current value and its past values and can show if there is a momentum factor associated with investing in Inspire International ESG.
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 Inspire International ESG is a strong investment it is important to analyze Inspire International'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 Inspire International's future performance. For an informed investment choice regarding Inspire Etf, refer to the following important reports:Check out Inspire International Correlation, Inspire International Volatility and Inspire International Alpha and Beta module to complement your research on Inspire International. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Inspire International 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.