Flexshares Stoxx Esg Etf Market Value
| ESG Etf | USD 121.68 1.23 1.02% |
| Symbol | FlexShares |
The market value of FlexShares STOXX ESG 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 STOXX's value that differs from its market value or its book value, called intrinsic value, which is FlexShares STOXX'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 STOXX's market value can be influenced by many factors that don't directly affect FlexShares STOXX'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 STOXX's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares STOXX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares STOXX'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 STOXX '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 STOXX'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 STOXX.
| 04/30/2023 |
| 04/24/2024 |
If you would invest 0.00 in FlexShares STOXX on April 30, 2023 and sell it all today you would earn a total of 0.00 from holding FlexShares STOXX ESG or generate 0.0% return on investment in FlexShares STOXX over 360 days. FlexShares STOXX is related to or competes with IShares ESG, FlexShares STOXX, IShares ESG, IShares ESG, and Vanguard ESG. The index is designed to reflect the performance of a selection of companies that, in aggregate, score better with respe... More
FlexShares STOXX 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 STOXX'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 STOXX ESG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7034 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.54 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 0.9988 |
FlexShares STOXX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FlexShares STOXX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FlexShares STOXX's standard deviation. In reality, there are many statistical measures that can use FlexShares STOXX historical prices to predict the future FlexShares STOXX's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0559 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FlexShares STOXX'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 STOXX ESG Backtested Returns
We consider FlexShares STOXX very steady. FlexShares STOXX ESG secures Sharpe Ratio (or Efficiency) of 0.0724, which denotes the etf had a 0.0724% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for FlexShares STOXX ESG, which you can use to evaluate the volatility of the entity. Please confirm FlexShares STOXX's Downside Deviation of 0.7034, coefficient of variation of 1114.95, and Mean Deviation of 0.5544 to check if the risk estimate we provide is consistent with the expected return of 0.0527%. The etf shows a Beta (market volatility) of 0.96, which means possible diversification benefits within a given portfolio. FlexShares STOXX returns are very sensitive to returns on the market. As the market goes up or down, FlexShares STOXX is expected to follow.
Auto-correlation | 0.69 |
Good predictability
FlexShares STOXX ESG has good predictability. Overlapping area represents the amount of predictability between FlexShares STOXX time series from 30th of April 2023 to 27th of October 2023 and 27th of October 2023 to 24th 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 STOXX ESG price movement. The serial correlation of 0.69 indicates that around 69.0% of current FlexShares STOXX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 41.88 |
FlexShares STOXX ESG lagged returns against current returns
Autocorrelation, which is FlexShares STOXX 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 STOXX's etf expected returns. We can calculate the autocorrelation of FlexShares STOXX returns to help us make a trade decision. For example, suppose you find that FlexShares STOXX 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 |
FlexShares STOXX 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 STOXX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FlexShares STOXX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FlexShares STOXX etf over time.
Current vs Lagged Prices |
| Timeline |
FlexShares STOXX Lagged Returns
When evaluating FlexShares STOXX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FlexShares STOXX etf have on its future price. FlexShares STOXX 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 STOXX autocorrelation shows the relationship between FlexShares STOXX etf current value and its past values and can show if there is a momentum factor associated with investing in FlexShares STOXX ESG.
Regressed Prices |
| Timeline |
Pair Trading with FlexShares STOXX
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FlexShares STOXX position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FlexShares STOXX will appreciate offsetting losses from the drop in the long position's value.Moving together with FlexShares Etf
| 0.98 | VTI | Vanguard Total Stock | PairCorr |
| 0.95 | SPY | SPDR SP 500 | PairCorr |
| 0.98 | IVV | iShares Core SP | PairCorr |
| 0.92 | VIG | Vanguard Dividend | PairCorr |
| 0.95 | VV | Vanguard Large Cap | PairCorr |
Moving against FlexShares Etf
| 0.49 | AMPD | Tidal Trust II | PairCorr |
The ability to find closely correlated positions to FlexShares STOXX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FlexShares STOXX when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FlexShares STOXX - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FlexShares STOXX ESG to buy it.
The correlation of FlexShares STOXX is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FlexShares STOXX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FlexShares STOXX ESG moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FlexShares STOXX can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out FlexShares STOXX Correlation, FlexShares STOXX Volatility and FlexShares STOXX Alpha and Beta module to complement your research on FlexShares STOXX. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
FlexShares STOXX 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.