Wbi Power Factor Etf Market Value

WBIY Etf  USD 30.48  0.28  0.93%   
WBI Power's market value is the price at which a share of WBI Power trades on a public exchange. It measures the collective expectations of WBI Power Factor investors about its performance. WBI Power is trading at 30.48 as of the 29th of March 2024; that is 0.93 percent increase since the beginning of the trading day. The etf's open price was 30.2.
With this module, you can estimate the performance of a buy and hold strategy of WBI Power Factor and determine expected loss or profit from investing in WBI Power over a given investment horizon. Check out WBI Power Correlation, WBI Power Volatility and WBI Power Alpha and Beta module to complement your research on WBI Power.
Symbol

The market value of WBI Power Factor is measured differently than its book value, which is the value of WBI that is recorded on the company's balance sheet. Investors also form their own opinion of WBI Power's value that differs from its market value or its book value, called intrinsic value, which is WBI Power'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 WBI Power's market value can be influenced by many factors that don't directly affect WBI Power'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 WBI Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if WBI Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WBI Power'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.

WBI Power '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 WBI Power'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 WBI Power.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in WBI Power on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding WBI Power Factor or generate 0.0% return on investment in WBI Power over 30 days. WBI Power is related to or competes with IShares SP, and Coca Cola. Under normal circumstances the fund will invest at least 80 percent of its total assets in the securities of the underly... More

WBI Power 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 WBI Power'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 WBI Power Factor upside and downside potential and time the market with a certain degree of confidence.

WBI Power Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for WBI Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WBI Power's standard deviation. In reality, there are many statistical measures that can use WBI Power historical prices to predict the future WBI Power's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WBI Power'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.
Hype
Prediction
LowEstimatedHigh
29.5930.4831.37
Details
Intrinsic
Valuation
LowRealHigh
29.2530.1431.03
Details
Naive
Forecast
LowNextHigh
29.5230.4131.30
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28.0429.1830.32
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as WBI Power. Your research has to be compared to or analyzed against WBI Power's peers to derive any actionable benefits. When done correctly, WBI Power'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 WBI Power Factor.

WBI Power Factor Backtested Returns

We consider WBI Power very steady. WBI Power Factor shows Sharpe Ratio of 0.11, which attests that the etf had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for WBI Power Factor, which you can use to evaluate the volatility of the entity. Please check out WBI Power's Risk Adjusted Performance of 0.0719, mean deviation of 0.6541, and Downside Deviation of 0.8777 to validate if the risk estimate we provide is consistent with the expected return of 0.098%. The entity maintains a market beta of 1.14, which attests to a somewhat significant risk relative to the market. WBI Power returns are very sensitive to returns on the market. As the market goes up or down, WBI Power is expected to follow.

Auto-correlation

    
  0.87  

Very good predictability

WBI Power Factor has very good predictability. Overlapping area represents the amount of predictability between WBI Power time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 WBI Power Factor price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current WBI Power price fluctuation can be explain by its past prices.
Correlation Coefficient0.87
Spearman Rank Test0.79
Residual Average0.0
Price Variance0.27

WBI Power Factor lagged returns against current returns

Autocorrelation, which is WBI Power 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 WBI Power's etf expected returns. We can calculate the autocorrelation of WBI Power returns to help us make a trade decision. For example, suppose you find that WBI Power 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  

WBI Power 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 WBI Power etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WBI Power etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WBI Power etf over time.
   Current vs Lagged Prices   
       Timeline  

WBI Power Lagged Returns

When evaluating WBI Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WBI Power etf have on its future price. WBI Power 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, WBI Power autocorrelation shows the relationship between WBI Power etf current value and its past values and can show if there is a momentum factor associated with investing in WBI Power Factor.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards WBI Power in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, WBI Power's short interest history, or implied volatility extrapolated from WBI Power options trading.

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 WBI Power Factor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WBI Power'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 Wbi Power Factor Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Wbi Power Factor Etf:
Check out WBI Power Correlation, WBI Power Volatility and WBI Power Alpha and Beta module to complement your research on WBI Power.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running WBI Power's price analysis, check to measure WBI Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WBI Power is operating at the current time. Most of WBI Power's value examination focuses on studying past and present price action to predict the probability of WBI Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WBI Power's price. Additionally, you may evaluate how the addition of WBI Power to your portfolios can decrease your overall portfolio volatility.
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WBI Power 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.
A focus of WBI Power technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of WBI Power trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...