ETC Issuance's market value is the price at which a share of ETC Issuance trades on a public exchange. It measures the collective expectations of ETC Issuance ETHetc investors about its performance. ETC Issuance is trading at 29.43 as of the 19th of January 2025. This is a 0.41 percent decrease since the beginning of the trading day. The etf's lowest day price was 29.43. With this module, you can estimate the performance of a buy and hold strategy of ETC Issuance ETHetc and determine expected loss or profit from investing in ETC Issuance over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.
Symbol
ETC
ETC Issuance '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 ETC Issuance'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 ETC Issuance.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in ETC Issuance on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding ETC Issuance ETHetc or generate 0.0% return on investment in ETC Issuance over 30 days.
ETC Issuance 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 ETC Issuance'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 ETC Issuance ETHetc upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETC Issuance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETC Issuance's standard deviation. In reality, there are many statistical measures that can use ETC Issuance historical prices to predict the future ETC Issuance's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ETC Issuance. Your research has to be compared to or analyzed against ETC Issuance's peers to derive any actionable benefits. When done correctly, ETC Issuance's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ETC Issuance ETHetc.
ETC Issuance ETHetc Backtested Returns
ETC Issuance appears to be not too volatile, given 3 months investment horizon. ETC Issuance ETHetc retains Efficiency (Sharpe Ratio) of 0.11, which denotes the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ETC Issuance, which you can use to evaluate the volatility of the entity. Please utilize ETC Issuance's Downside Deviation of 3.75, market risk adjusted performance of (0.64), and Coefficient Of Variation of 672.22 to check if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of -0.92, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning ETC Issuance are expected to decrease slowly. On the other hand, during market turmoil, ETC Issuance is expected to outperform it slightly.
Auto-correlation
-0.75
Almost perfect reverse predictability
ETC Issuance ETHetc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ETC Issuance time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ETC Issuance ETHetc price movement. The serial correlation of -0.75 indicates that around 75.0% of current ETC Issuance price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.75
Spearman Rank Test
-0.96
Residual Average
0.0
Price Variance
1.79
ETC Issuance ETHetc lagged returns against current returns
Autocorrelation, which is ETC Issuance 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 ETC Issuance's etf expected returns. We can calculate the autocorrelation of ETC Issuance returns to help us make a trade decision. For example, suppose you find that ETC Issuance 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
ETC Issuance 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 ETC Issuance etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETC Issuance etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETC Issuance etf over time.
Current vs Lagged Prices
Timeline
ETC Issuance Lagged Returns
When evaluating ETC Issuance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETC Issuance etf have on its future price. ETC Issuance 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, ETC Issuance autocorrelation shows the relationship between ETC Issuance etf current value and its past values and can show if there is a momentum factor associated with investing in ETC Issuance ETHetc.