Precidian Etfs Trust Etf Market Value
| ASMH Etf | 48.60 1.44 3.05% |
| Symbol | Precidian |
The market value of Precidian ETFs Trust is measured differently than its book value, which is the value of Precidian that is recorded on the company's balance sheet. Investors also form their own opinion of Precidian ETFs' value that differs from its market value or its book value, called intrinsic value, which is Precidian ETFs' 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 Precidian ETFs' market value can be influenced by many factors that don't directly affect Precidian ETFs' 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 Precidian ETFs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Precidian ETFs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precidian ETFs' 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.
Precidian ETFs '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 Precidian ETFs' 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 Precidian ETFs.
| 05/19/2023 |
| 05/08/2025 |
If you would invest 0.00 in Precidian ETFs on May 19, 2023 and sell it all today you would earn a total of 0.00 from holding Precidian ETFs Trust or generate 0.0% return on investment in Precidian ETFs over 720 days. Precidian ETFs is related to or competes with Freedom Day, Franklin Templeton, IShares MSCI, Tidal Trust, IShares Dividend, Altrius Global, and Invesco Exchange. More
Precidian ETFs 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 Precidian ETFs' 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 Precidian ETFs Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0072 | |||
| Maximum Drawdown | 22.84 | |||
| Value At Risk | (7.74) | |||
| Potential Upside | 4.04 |
Precidian ETFs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Precidian ETFs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Precidian ETFs' standard deviation. In reality, there are many statistical measures that can use Precidian ETFs historical prices to predict the future Precidian ETFs' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | 0.0544 | |||
| Total Risk Alpha | 0.1744 | |||
| Treynor Ratio | (0.07) |
Precidian ETFs Trust Backtested Returns
Precidian ETFs Trust maintains Sharpe Ratio (i.e., Efficiency) of -0.0202, which implies the entity had a -0.0202 % return per unit of risk over the last 3 months. Precidian ETFs Trust exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Precidian ETFs' Coefficient Of Variation of (4,956), risk adjusted performance of (0.03), and Variance of 14.41 to confirm the risk estimate we provide. The etf holds a Beta of 1.24, 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, Precidian ETFs will likely underperform.
Auto-correlation | 0.00 |
No correlation between past and present
Precidian ETFs Trust has no correlation between past and present. Overlapping area represents the amount of predictability between Precidian ETFs time series from 19th of May 2023 to 13th of May 2024 and 13th of May 2024 to 8th of May 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 Precidian ETFs Trust price movement. The serial correlation of 0.0 indicates that just 0.0% of current Precidian ETFs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Precidian ETFs Trust lagged returns against current returns
Autocorrelation, which is Precidian ETFs 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 Precidian ETFs' etf expected returns. We can calculate the autocorrelation of Precidian ETFs returns to help us make a trade decision. For example, suppose you find that Precidian ETFs 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 |
Precidian ETFs 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 Precidian ETFs etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Precidian ETFs etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Precidian ETFs etf over time.
Current vs Lagged Prices |
| Timeline |
Precidian ETFs Lagged Returns
When evaluating Precidian ETFs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Precidian ETFs etf have on its future price. Precidian ETFs 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, Precidian ETFs autocorrelation shows the relationship between Precidian ETFs etf current value and its past values and can show if there is a momentum factor associated with investing in Precidian ETFs Trust.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Precidian ETFs Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Precidian ETFs' 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 Precidian Etfs Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Precidian Etfs Trust Etf:Check out Precidian ETFs Correlation, Precidian ETFs Volatility and Precidian ETFs Alpha and Beta module to complement your research on Precidian ETFs. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Precidian ETFs 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.