Flexshares Ready Access Etf Market Value
| RAVI Etf | USD 75.42 0.03 0.04% |
| Symbol | FlexShares |
The market value of FlexShares Ready Access is measured differently than its book value, which is the value of FlexShares that is recorded on the company's balance sheet. Investors also form their own opinion of FlexShares Ready's value that differs from its market value or its book value, called intrinsic value, which is FlexShares Ready'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 FlexShares Ready's market value can be influenced by many factors that don't directly affect FlexShares Ready'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 FlexShares Ready's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares Ready is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares Ready'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.
FlexShares Ready '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 FlexShares Ready'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 FlexShares Ready.
| 02/03/2023 |
| 04/28/2024 |
If you would invest 0.00 in FlexShares Ready on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding FlexShares Ready Access or generate 0.0% return on investment in FlexShares Ready over 450 days. FlexShares Ready is related to or competes with SPDR SSgA, FlexShares IBoxx, FlexShares IBoxx, and PIMCO Enhanced. The fund seeks to achieve its investment objective by investing at least 80 percent of its total assets in a non-diversi... More
FlexShares Ready 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 FlexShares Ready'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 FlexShares Ready Access upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.025 | |||
| Information Ratio | (2.86) | |||
| Maximum Drawdown | 0.1074 | |||
| Value At Risk | (0.01) | |||
| Potential Upside | 0.0538 |
FlexShares Ready Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FlexShares Ready's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FlexShares Ready's standard deviation. In reality, there are many statistical measures that can use FlexShares Ready historical prices to predict the future FlexShares Ready's volatility.| Risk Adjusted Performance | 0.312 | |||
| Jensen Alpha | 0.0105 | |||
| Total Risk Alpha | 0.0084 | |||
| Sortino Ratio | (2.71) | |||
| Treynor Ratio | 0.931 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FlexShares Ready'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.
FlexShares Ready Access Backtested Returns
We consider FlexShares Ready very steady. FlexShares Ready Access secures Sharpe Ratio (or Efficiency) of 0.87, which denotes the etf had a 0.87% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for FlexShares Ready Access, which you can use to evaluate the volatility of the entity. Please confirm FlexShares Ready's Coefficient Of Variation of 110.3, standard deviation of 0.0237, and Mean Deviation of 0.0185 to check if the risk estimate we provide is consistent with the expected return of 0.0206%. The etf shows a Beta (market volatility) of 0.0123, which means not very significant fluctuations relative to the market. As returns on the market increase, FlexShares Ready's returns are expected to increase less than the market. However, during the bear market, the loss of holding FlexShares Ready is expected to be smaller as well.
Auto-correlation | 0.99 |
Perfect predictability
FlexShares Ready Access has perfect predictability. Overlapping area represents the amount of predictability between FlexShares Ready time series from 3rd of February 2023 to 16th of September 2023 and 16th of September 2023 to 28th 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 FlexShares Ready Access price movement. The serial correlation of 0.99 indicates that 99.0% of current FlexShares Ready price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.99 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
FlexShares Ready Access lagged returns against current returns
Autocorrelation, which is FlexShares Ready 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 FlexShares Ready's etf expected returns. We can calculate the autocorrelation of FlexShares Ready returns to help us make a trade decision. For example, suppose you find that FlexShares Ready 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 |
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FlexShares Ready 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 FlexShares Ready etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FlexShares Ready etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FlexShares Ready etf over time.
Current vs Lagged Prices |
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FlexShares Ready Lagged Returns
When evaluating FlexShares Ready's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FlexShares Ready etf have on its future price. FlexShares Ready 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, FlexShares Ready autocorrelation shows the relationship between FlexShares Ready etf current value and its past values and can show if there is a momentum factor associated with investing in FlexShares Ready Access.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether FlexShares Ready Access offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FlexShares Ready'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 Flexshares Ready Access Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Flexshares Ready Access Etf:Check out FlexShares Ready Correlation, FlexShares Ready Volatility and FlexShares Ready Alpha and Beta module to complement your research on FlexShares Ready. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
FlexShares Ready 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.