Consumer Staples Select Etf Market Value
| XLP Etf | USD 75.36 0.21 0.28% |
| Symbol | Consumer |
The market value of Consumer Staples Select is measured differently than its book value, which is the value of Consumer that is recorded on the company's balance sheet. Investors also form their own opinion of Consumer Staples' value that differs from its market value or its book value, called intrinsic value, which is Consumer Staples' 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 Consumer Staples' market value can be influenced by many factors that don't directly affect Consumer Staples' 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 Consumer Staples' value and its price as these two are different measures arrived at by different means. Investors typically determine if Consumer Staples is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consumer Staples' 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.
Consumer Staples '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 Consumer Staples' 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 Consumer Staples.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Consumer Staples on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Consumer Staples Select or generate 0.0% return on investment in Consumer Staples over 30 days. Consumer Staples is related to or competes with Vanguard Consumer, Vanguard Utilities, Vanguard Industrials, Vanguard Materials, and Vanguard Health. In seeking to track the performance of the index, the fund employs a replication strategy More
Consumer Staples 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 Consumer Staples' 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 Consumer Staples Select upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6384 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.15 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.05 |
Consumer Staples Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Consumer Staples' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Consumer Staples' standard deviation. In reality, there are many statistical measures that can use Consumer Staples historical prices to predict the future Consumer Staples' volatility.| Risk Adjusted Performance | 0.076 | |||
| Jensen Alpha | 0.0613 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.9378 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Consumer Staples' 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.
Consumer Staples Select Backtested Returns
We consider Consumer Staples very steady. Consumer Staples Select secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the etf had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Consumer Staples Select, which you can use to evaluate the volatility of the entity. Please confirm Consumer Staples' Mean Deviation of 0.4838, risk adjusted performance of 0.076, and Downside Deviation of 0.6384 to double-check if the risk estimate we provide is consistent with the expected return of 0.0934%. The etf shows a Beta (market volatility) of 0.0714, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Consumer Staples' returns are expected to increase less than the market. However, during the bear market, the loss of holding Consumer Staples is expected to be smaller as well.
Auto-correlation | -0.25 |
Weak reverse predictability
Consumer Staples Select has weak reverse predictability. Overlapping area represents the amount of predictability between Consumer Staples time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Consumer Staples Select price movement. The serial correlation of -0.25 indicates that over 25.0% of current Consumer Staples price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Consumer Staples Select lagged returns against current returns
Autocorrelation, which is Consumer Staples 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 Consumer Staples' etf expected returns. We can calculate the autocorrelation of Consumer Staples returns to help us make a trade decision. For example, suppose you find that Consumer Staples 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 |
Consumer Staples 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 Consumer Staples etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Consumer Staples etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Consumer Staples etf over time.
Current vs Lagged Prices |
| Timeline |
Consumer Staples Lagged Returns
When evaluating Consumer Staples' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Consumer Staples etf have on its future price. Consumer Staples 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, Consumer Staples autocorrelation shows the relationship between Consumer Staples etf current value and its past values and can show if there is a momentum factor associated with investing in Consumer Staples Select.
Regressed Prices |
| Timeline |
Consumer Staples Implied Volatility | 18.82 |
Consumer Staples' implied volatility exposes the market's sentiment of Consumer Staples Select stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Consumer Staples' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Consumer Staples stock will not fluctuate a lot when Consumer Staples' options are near their expiration.
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 Consumer Staples 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, Consumer Staples' short interest history, or implied volatility extrapolated from Consumer Staples 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 Consumer Staples Select is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Consumer Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Consumer Staples Select Etf. Highlighted below are key reports to facilitate an investment decision about Consumer Staples Select Etf:Check out Consumer Staples Correlation, Consumer Staples Volatility and Consumer Staples Alpha and Beta module to complement your research on Consumer Staples. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Consumer Staples 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.