Roundhill Video Games Etf Market Value
| NERD Etf | USD 14.50 0.11 0.75% |
| Symbol | Roundhill |
The market value of Roundhill Video Games is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Video's value that differs from its market value or its book value, called intrinsic value, which is Roundhill Video'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 Roundhill Video's market value can be influenced by many factors that don't directly affect Roundhill Video'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 Roundhill Video's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Video is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill Video'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.
Roundhill Video '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 Roundhill Video'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 Roundhill Video.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Roundhill Video on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding Roundhill Video Games or generate 0.0% return on investment in Roundhill Video over 30 days. Roundhill Video is related to or competes with Fidelity MSCI, Fidelity MSCI, Fidelity MSCI, Fidelity MSCI, and Fidelity MSCI. The fund uses a passive management approach to seek to track the total return performance, before fees and expenses, of ... More
Roundhill Video 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 Roundhill Video'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 Roundhill Video Games upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.33 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 1.34 |
Roundhill Video Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roundhill Video's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roundhill Video's standard deviation. In reality, there are many statistical measures that can use Roundhill Video historical prices to predict the future Roundhill Video's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roundhill Video'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.
Roundhill Video Games Backtested Returns
Roundhill Video Games maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the entity had a -0.1% return per unit of risk over the last 3 months. Roundhill Video Games exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Roundhill Video's Coefficient Of Variation of (1,743), risk adjusted performance of (0.03), and Variance of 1.08 to confirm the risk estimate we provide. The etf holds a Beta of 1.15, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Roundhill Video will likely underperform.
Auto-correlation | 0.68 |
Good predictability
Roundhill Video Games has good predictability. Overlapping area represents the amount of predictability between Roundhill Video time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th of April 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 Roundhill Video Games price movement. The serial correlation of 0.68 indicates that around 68.0% of current Roundhill Video price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Roundhill Video Games lagged returns against current returns
Autocorrelation, which is Roundhill Video 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 Roundhill Video's etf expected returns. We can calculate the autocorrelation of Roundhill Video returns to help us make a trade decision. For example, suppose you find that Roundhill Video 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 |
Roundhill Video 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 Roundhill Video etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roundhill Video etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roundhill Video etf over time.
Current vs Lagged Prices |
| Timeline |
Roundhill Video Lagged Returns
When evaluating Roundhill Video's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roundhill Video etf have on its future price. Roundhill Video 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, Roundhill Video autocorrelation shows the relationship between Roundhill Video etf current value and its past values and can show if there is a momentum factor associated with investing in Roundhill Video Games.
Regressed Prices |
| Timeline |
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