God Bless America Etf Market Value
| YALL Etf | USD 40.01 0.12 0.30% |
| Symbol | God |
The market value of God Bless America is measured differently than its book value, which is the value of God that is recorded on the company's balance sheet. Investors also form their own opinion of God Bless' value that differs from its market value or its book value, called intrinsic value, which is God Bless' 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 God Bless' market value can be influenced by many factors that don't directly affect God Bless' 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 God Bless' value and its price as these two are different measures arrived at by different means. Investors typically determine if God Bless is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, God Bless' 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.
God Bless '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 God Bless' 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 God Bless.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in God Bless on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding God Bless America or generate 0.0% return on investment in God Bless over 30 days. God Bless is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Dividend, Invesco SP, IShares ESG, and SPDR Portfolio. Under normal market conditions, the fund will invest at least 80 percent of its net assets, plus any borrowings for inve... More
God Bless 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 God Bless' 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 God Bless America upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.821 | |||
| Information Ratio | 0.0325 | |||
| Maximum Drawdown | 4.71 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.47 |
God Bless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for God Bless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as God Bless' standard deviation. In reality, there are many statistical measures that can use God Bless historical prices to predict the future God Bless' volatility.| Risk Adjusted Performance | 0.1198 | |||
| Jensen Alpha | 0.0335 | |||
| Total Risk Alpha | 0.0079 | |||
| Sortino Ratio | 0.0366 | |||
| Treynor Ratio | 0.138 |
God Bless America Backtested Returns
As of now, God Etf is very steady. God Bless America holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for God Bless America, which you can use to evaluate the volatility of the entity. Please check out God Bless' Market Risk Adjusted Performance of 0.148, downside deviation of 0.821, and Risk Adjusted Performance of 0.1198 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. The etf retains a Market Volatility (i.e., Beta) of 0.97, which attests to possible diversification benefits within a given portfolio. God Bless returns are very sensitive to returns on the market. As the market goes up or down, God Bless is expected to follow.
Auto-correlation | 0.63 |
Good predictability
God Bless America has good predictability. Overlapping area represents the amount of predictability between God Bless time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 God Bless America price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current God Bless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
God Bless America lagged returns against current returns
Autocorrelation, which is God Bless 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 God Bless' etf expected returns. We can calculate the autocorrelation of God Bless returns to help us make a trade decision. For example, suppose you find that God Bless 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 |
God Bless 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 God Bless etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if God Bless etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in God Bless etf over time.
Current vs Lagged Prices |
| Timeline |
God Bless Lagged Returns
When evaluating God Bless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of God Bless etf have on its future price. God Bless 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, God Bless autocorrelation shows the relationship between God Bless etf current value and its past values and can show if there is a momentum factor associated with investing in God Bless America.
Regressed Prices |
| Timeline |
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God Bless 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.