Fundx Aggressive Etf Market Value
| XNAV Etf | USD 72.79 0.60 0.83% |
| Symbol | FundX |
The market value of FundX Aggressive ETF is measured differently than its book value, which is the value of FundX that is recorded on the company's balance sheet. Investors also form their own opinion of FundX Aggressive's value that differs from its market value or its book value, called intrinsic value, which is FundX Aggressive'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 FundX Aggressive's market value can be influenced by many factors that don't directly affect FundX Aggressive'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 FundX Aggressive's value and its price as these two are different measures arrived at by different means. Investors typically determine if FundX Aggressive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FundX Aggressive'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.
FundX Aggressive '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 FundX Aggressive'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 FundX Aggressive.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in FundX Aggressive on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding FundX Aggressive ETF or generate 0.0% return on investment in FundX Aggressive over 30 days. FundX Aggressive is related to or competes with Vanguard Growth, IShares Russell, IShares SP, IShares Core, Vanguard Russell, Vanguard Mega, and Vanguard Russell. FundX Aggressive is entity of United States More
FundX Aggressive 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 FundX Aggressive'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 FundX Aggressive ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 2.0E-4 | |||
| Maximum Drawdown | 5.52 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.51 |
FundX Aggressive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FundX Aggressive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FundX Aggressive's standard deviation. In reality, there are many statistical measures that can use FundX Aggressive historical prices to predict the future FundX Aggressive's volatility.| Risk Adjusted Performance | 0.095 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 2.0E-4 | |||
| Treynor Ratio | 0.1144 |
FundX Aggressive ETF Backtested Returns
At this stage we consider FundX Etf to be very steady. FundX Aggressive ETF secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for FundX Aggressive ETF, which you can use to evaluate the volatility of the entity. Please confirm FundX Aggressive's Downside Deviation of 1.31, coefficient of variation of 834.19, and Mean Deviation of 0.7841 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 1.12, which means a somewhat significant risk relative to the market. FundX Aggressive returns are very sensitive to returns on the market. As the market goes up or down, FundX Aggressive is expected to follow.
Auto-correlation | 0.90 |
Excellent predictability
FundX Aggressive ETF has excellent predictability. Overlapping area represents the amount of predictability between FundX Aggressive time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 FundX Aggressive ETF price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current FundX Aggressive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
FundX Aggressive ETF lagged returns against current returns
Autocorrelation, which is FundX Aggressive 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 FundX Aggressive's etf expected returns. We can calculate the autocorrelation of FundX Aggressive returns to help us make a trade decision. For example, suppose you find that FundX Aggressive 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 |
FundX Aggressive 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 FundX Aggressive etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FundX Aggressive etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FundX Aggressive etf over time.
Current vs Lagged Prices |
| Timeline |
FundX Aggressive Lagged Returns
When evaluating FundX Aggressive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FundX Aggressive etf have on its future price. FundX Aggressive 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, FundX Aggressive autocorrelation shows the relationship between FundX Aggressive etf current value and its past values and can show if there is a momentum factor associated with investing in FundX Aggressive ETF.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out FundX Aggressive Correlation, FundX Aggressive Volatility and FundX Aggressive Alpha and Beta module to complement your research on FundX Aggressive. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
FundX Aggressive 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.