Exchange Traded Concepts Etf Market Value
| NUKZ Etf | 45.62 0.09 0.20% |
| Symbol | Exchange |
The market value of Exchange Traded Concepts is measured differently than its book value, which is the value of Exchange that is recorded on the company's balance sheet. Investors also form their own opinion of Exchange Traded's value that differs from its market value or its book value, called intrinsic value, which is Exchange Traded'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 Exchange Traded's market value can be influenced by many factors that don't directly affect Exchange Traded'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 Exchange Traded's value and its price as these two are different measures arrived at by different means. Investors typically determine if Exchange Traded is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Exchange Traded'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.
Exchange Traded '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 Exchange Traded'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 Exchange Traded.
| 04/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Exchange Traded on April 30, 2024 and sell it all today you would earn a total of 0.00 from holding Exchange Traded Concepts or generate 0.0% return on investment in Exchange Traded over 210 days. Exchange Traded is related to or competes with SPDR Kensho, Global X, IShares Genomics, Morningstar Unconstrained, High-yield Municipal, Thrivent High, and Via Renewables. Exchange Traded is entity of United States More
Exchange Traded 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 Exchange Traded'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 Exchange Traded Concepts upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.1759 | |||
| Maximum Drawdown | 11.24 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 5.05 |
Exchange Traded Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Exchange Traded's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Exchange Traded's standard deviation. In reality, there are many statistical measures that can use Exchange Traded historical prices to predict the future Exchange Traded's volatility.| Risk Adjusted Performance | 0.1862 | |||
| Jensen Alpha | 0.3238 | |||
| Total Risk Alpha | 0.1634 | |||
| Sortino Ratio | 0.2097 | |||
| Treynor Ratio | 0.3368 |
Exchange Traded Concepts Backtested Returns
Exchange Traded appears to be very steady, given 3 months investment horizon. Exchange Traded Concepts secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the etf had a 0.25% return per unit of standard deviation over the last 3 months. By reviewing Exchange Traded's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Exchange Traded's Semi Deviation of 1.34, mean deviation of 1.55, and Downside Deviation of 1.82 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.48, which means 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, Exchange Traded will likely underperform.
Auto-correlation | -0.23 |
Weak reverse predictability
Exchange Traded Concepts has weak reverse predictability. Overlapping area represents the amount of predictability between Exchange Traded time series from 30th of April 2024 to 13th of August 2024 and 13th of August 2024 to 26th of November 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 Exchange Traded Concepts price movement. The serial correlation of -0.23 indicates that over 23.0% of current Exchange Traded price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 24.92 |
Exchange Traded Concepts lagged returns against current returns
Autocorrelation, which is Exchange Traded 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 Exchange Traded's etf expected returns. We can calculate the autocorrelation of Exchange Traded returns to help us make a trade decision. For example, suppose you find that Exchange Traded 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 |
Exchange Traded 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 Exchange Traded etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Exchange Traded etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Exchange Traded etf over time.
Current vs Lagged Prices |
| Timeline |
Exchange Traded Lagged Returns
When evaluating Exchange Traded's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Exchange Traded etf have on its future price. Exchange Traded 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, Exchange Traded autocorrelation shows the relationship between Exchange Traded etf current value and its past values and can show if there is a momentum factor associated with investing in Exchange Traded Concepts.
Regressed Prices |
| Timeline |
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 Exchange Traded Concepts is a strong investment it is important to analyze Exchange Traded's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Exchange Traded's future performance. For an informed investment choice regarding Exchange Etf, refer to the following important reports:Check out Exchange Traded Correlation, Exchange Traded Volatility and Exchange Traded Alpha and Beta module to complement your research on Exchange Traded. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Exchange Traded 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.