Emqq The Emerging Etf Market Value
| EMQQ Etf | USD 32.49 0.27 0.84% |
| Symbol | EMQQ |
The market value of EMQQ The Emerging is measured differently than its book value, which is the value of EMQQ that is recorded on the company's balance sheet. Investors also form their own opinion of EMQQ Emerging's value that differs from its market value or its book value, called intrinsic value, which is EMQQ Emerging'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 EMQQ Emerging's market value can be influenced by many factors that don't directly affect EMQQ Emerging'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 EMQQ Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMQQ Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMQQ Emerging'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.
EMQQ Emerging '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 EMQQ Emerging'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 EMQQ Emerging.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in EMQQ Emerging on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding EMQQ The Emerging or generate 0.0% return on investment in EMQQ Emerging over 90 days. EMQQ Emerging is related to or competes with Invesco China, Amplify Online, KraneShares CSI, Global X, and ProShares Online. The fund will normally invest at least 80 percent of its net assets in securities of the index or in depositary receipts... More
EMQQ Emerging 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 EMQQ Emerging'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 EMQQ The Emerging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.0396 | |||
| Maximum Drawdown | 6.0 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.47 |
EMQQ Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EMQQ Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EMQQ Emerging's standard deviation. In reality, there are many statistical measures that can use EMQQ Emerging historical prices to predict the future EMQQ Emerging's volatility.| Risk Adjusted Performance | 0.0716 | |||
| Jensen Alpha | 0.1528 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0431 | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EMQQ Emerging'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.
EMQQ The Emerging Backtested Returns
We consider EMQQ Emerging very steady. EMQQ The Emerging secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the etf had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for EMQQ The Emerging, which you can use to evaluate the volatility of the entity. Please confirm EMQQ Emerging's Downside Deviation of 1.21, market risk adjusted performance of (0.43), and Mean Deviation of 1.04 to check if the risk estimate we provide is consistent with the expected return of 0.14%. The etf shows a Beta (market volatility) of -0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EMQQ Emerging are expected to decrease at a much lower rate. During the bear market, EMQQ Emerging is likely to outperform the market.
Auto-correlation | 0.36 |
Below average predictability
EMQQ The Emerging has below average predictability. Overlapping area represents the amount of predictability between EMQQ Emerging time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 EMQQ The Emerging price movement. The serial correlation of 0.36 indicates that just about 36.0% of current EMQQ Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
EMQQ The Emerging lagged returns against current returns
Autocorrelation, which is EMQQ Emerging 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 EMQQ Emerging's etf expected returns. We can calculate the autocorrelation of EMQQ Emerging returns to help us make a trade decision. For example, suppose you find that EMQQ Emerging 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 |
EMQQ Emerging 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 EMQQ Emerging etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EMQQ Emerging etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EMQQ Emerging etf over time.
Current vs Lagged Prices |
| Timeline |
EMQQ Emerging Lagged Returns
When evaluating EMQQ Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EMQQ Emerging etf have on its future price. EMQQ Emerging 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, EMQQ Emerging autocorrelation shows the relationship between EMQQ Emerging etf current value and its past values and can show if there is a momentum factor associated with investing in EMQQ The Emerging.
Regressed Prices |
| Timeline |
Pair Trading with EMQQ Emerging
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 EMQQ Emerging 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 EMQQ Emerging will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to EMQQ Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMQQ Emerging 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 EMQQ Emerging - 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 EMQQ The Emerging to buy it.
The correlation of EMQQ Emerging 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 EMQQ Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMQQ The Emerging 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 EMQQ Emerging 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 EMQQ Emerging Correlation, EMQQ Emerging Volatility and EMQQ Emerging Alpha and Beta module to complement your research on EMQQ Emerging. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
EMQQ Emerging 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.