Uscf Sustainable Battery Etf Market Value
| ZSB Etf | 13.75 0.02 0.15% |
| Symbol | USCF |
The market value of USCF Sustainable Battery is measured differently than its book value, which is the value of USCF that is recorded on the company's balance sheet. Investors also form their own opinion of USCF Sustainable's value that differs from its market value or its book value, called intrinsic value, which is USCF Sustainable'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 USCF Sustainable's market value can be influenced by many factors that don't directly affect USCF Sustainable'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 USCF Sustainable's value and its price as these two are different measures arrived at by different means. Investors typically determine if USCF Sustainable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, USCF Sustainable'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.
USCF Sustainable '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 USCF Sustainable'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 USCF Sustainable.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in USCF Sustainable on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding USCF Sustainable Battery or generate 0.0% return on investment in USCF Sustainable over 30 days. USCF Sustainable is related to or competes with BondBloxx ETF, Bitwise Funds, Sprott Energy, and Impact Shares. USCF Sustainable is entity of United States More
USCF Sustainable 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 USCF Sustainable'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 USCF Sustainable Battery upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.41 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.38 |
USCF Sustainable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for USCF Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as USCF Sustainable's standard deviation. In reality, there are many statistical measures that can use USCF Sustainable historical prices to predict the future USCF Sustainable's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (1.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of USCF Sustainable's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
USCF Sustainable Battery Backtested Returns
At this point, USCF Sustainable is very steady. USCF Sustainable Battery retains Efficiency (Sharpe Ratio) of 0.0125, which indicates the etf had a 0.0125% return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for USCF Sustainable, which you can use to evaluate the volatility of the etf. Please validate USCF Sustainable's risk adjusted performance of (0), and Standard Deviation of 1.21 to confirm if the risk estimate we provide is consistent with the expected return of 0.0152%. The entity owns a Beta (Systematic Risk) of 0.011, which indicates not very significant fluctuations relative to the market. As returns on the market increase, USCF Sustainable's returns are expected to increase less than the market. However, during the bear market, the loss of holding USCF Sustainable is expected to be smaller as well.
Auto-correlation | 0.15 |
Insignificant predictability
USCF Sustainable Battery has insignificant predictability. Overlapping area represents the amount of predictability between USCF Sustainable time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 USCF Sustainable Battery price movement. The serial correlation of 0.15 indicates that less than 15.0% of current USCF Sustainable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
USCF Sustainable Battery lagged returns against current returns
Autocorrelation, which is USCF Sustainable 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 USCF Sustainable's etf expected returns. We can calculate the autocorrelation of USCF Sustainable returns to help us make a trade decision. For example, suppose you find that USCF Sustainable 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 |
USCF Sustainable 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 USCF Sustainable etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if USCF Sustainable etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in USCF Sustainable etf over time.
Current vs Lagged Prices |
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USCF Sustainable Lagged Returns
When evaluating USCF Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of USCF Sustainable etf have on its future price. USCF Sustainable 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, USCF Sustainable autocorrelation shows the relationship between USCF Sustainable etf current value and its past values and can show if there is a momentum factor associated with investing in USCF Sustainable Battery.
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 USCF Sustainable Battery offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of USCF Sustainable's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Uscf Sustainable Battery Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Uscf Sustainable Battery Etf:Check out USCF Sustainable Correlation, USCF Sustainable Volatility and USCF Sustainable Alpha and Beta module to complement your research on USCF Sustainable. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
USCF Sustainable 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.