Coreshares Index's market value is the price at which a share of Coreshares Index trades on a public exchange. It measures the collective expectations of Coreshares Index Tracker investors about its performance. Coreshares Index is trading at 1051.00 as of the 6th of April 2025, a 5.57 percent decrease since the beginning of the trading day. The etf's open price was 1113.0. With this module, you can estimate the performance of a buy and hold strategy of Coreshares Index Tracker and determine expected loss or profit from investing in Coreshares Index over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.
Symbol
Coreshares
Coreshares Index '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 Coreshares Index'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 Coreshares Index.
0.00
01/06/2025
No Change 0.00
0.0
In 2 months and 31 days
04/06/2025
0.00
If you would invest 0.00 in Coreshares Index on January 6, 2025 and sell it all today you would earn a total of 0.00 from holding Coreshares Index Tracker or generate 0.0% return on investment in Coreshares Index over 90 days.
Coreshares Index 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 Coreshares Index'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 Coreshares Index Tracker upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coreshares Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coreshares Index's standard deviation. In reality, there are many statistical measures that can use Coreshares Index historical prices to predict the future Coreshares Index's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Coreshares Index'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.
Coreshares Index Tracker Backtested Returns
Coreshares Index Tracker secures Sharpe Ratio (or Efficiency) of -0.0817, which signifies that the etf had a -0.0817 % return per unit of risk over the last 3 months. Coreshares Index Tracker exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coreshares Index's Mean Deviation of 0.8472, risk adjusted performance of (0.08), and Standard Deviation of 1.2 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Coreshares Index's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coreshares Index is expected to be smaller as well.
Auto-correlation
-0.48
Modest reverse predictability
Coreshares Index Tracker has modest reverse predictability. Overlapping area represents the amount of predictability between Coreshares Index time series from 6th of January 2025 to 20th of February 2025 and 20th of February 2025 to 6th of April 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Coreshares Index Tracker price movement. The serial correlation of -0.48 indicates that about 48.0% of current Coreshares Index price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.48
Spearman Rank Test
-0.37
Residual Average
0.0
Price Variance
617.44
Coreshares Index Tracker lagged returns against current returns
Autocorrelation, which is Coreshares Index 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 Coreshares Index's etf expected returns. We can calculate the autocorrelation of Coreshares Index returns to help us make a trade decision. For example, suppose you find that Coreshares Index 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
Coreshares Index 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 Coreshares Index etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coreshares Index etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coreshares Index etf over time.
Current vs Lagged Prices
Timeline
Coreshares Index Lagged Returns
When evaluating Coreshares Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coreshares Index etf have on its future price. Coreshares Index 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, Coreshares Index autocorrelation shows the relationship between Coreshares Index etf current value and its past values and can show if there is a momentum factor associated with investing in Coreshares Index Tracker.
Regressed Prices
Timeline
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