Active X (Australia) Market Value
| XARO Etf | 23.60 0.06 0.25% |
| Symbol | Active |
Please note, there is a significant difference between Active X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Active X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Active X'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.
Active X '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 Active X'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 Active X.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Active X on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Active X Ardea or generate 0.0% return on investment in Active X over 270 days. Active X is related to or competes with IShares MSCI, and VanEck Vectors. Active X is entity of Australia. It is traded as Etf on AU exchange. More
Active X 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 Active X'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 Active X Ardea upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2598 | |||
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.11 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.4237 |
Active X Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Active X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Active X's standard deviation. In reality, there are many statistical measures that can use Active X historical prices to predict the future Active X's volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | 0.005 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.47) | |||
| Treynor Ratio | 0.001 |
Active X Ardea Backtested Returns
Currently, Active X Ardea is very steady. Active X Ardea secures Sharpe Ratio (or Efficiency) of 0.0332, which signifies that the etf had a 0.0332% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Active X Ardea, which you can use to evaluate the volatility of the entity. Please confirm Active X's Downside Deviation of 0.2598, mean deviation of 0.2006, and Risk Adjusted Performance of 0.0099 to double-check if the risk estimate we provide is consistent with the expected return of 0.0087%. The etf shows a Beta (market volatility) of -0.0416, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Active X are expected to decrease at a much lower rate. During the bear market, Active X is likely to outperform the market.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Active X Ardea has insignificant reverse predictability. Overlapping area represents the amount of predictability between Active X time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Active X Ardea price movement. The serial correlation of -0.19 indicates that over 19.0% of current Active X price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Active X Ardea lagged returns against current returns
Autocorrelation, which is Active X 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 Active X's etf expected returns. We can calculate the autocorrelation of Active X returns to help us make a trade decision. For example, suppose you find that Active X 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 |
Active X 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 Active X etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Active X etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Active X etf over time.
Current vs Lagged Prices |
| Timeline |
Active X Lagged Returns
When evaluating Active X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Active X etf have on its future price. Active X 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, Active X autocorrelation shows the relationship between Active X etf current value and its past values and can show if there is a momentum factor associated with investing in Active X Ardea.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Active Etf
Active X financial ratios help investors to determine whether Active Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Active with respect to the benefits of owning Active X security.