Industrial Select Sector Etf Market Value
| XLI Etf | USD 123.07 1.69 1.39% |
| Symbol | Industrial |
The market value of Industrial Select Sector is measured differently than its book value, which is the value of Industrial that is recorded on the company's balance sheet. Investors also form their own opinion of Industrial Select's value that differs from its market value or its book value, called intrinsic value, which is Industrial Select'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 Industrial Select's market value can be influenced by many factors that don't directly affect Industrial Select'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 Industrial Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Industrial Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Industrial Select'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.
Industrial Select '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 Industrial Select'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 Industrial Select.
| 07/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in Industrial Select on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding Industrial Select Sector or generate 0.0% return on investment in Industrial Select over 660 days. Industrial Select is related to or competes with Fidelity MSCI, Fidelity MSCI, Fidelity MSCI, Fidelity MSCI, and Fidelity MSCI. Under normal market conditions, the fund generally invests substantially all, but at least 95, of its total assets in th... More
Industrial Select 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 Industrial Select'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 Industrial Select Sector upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6066 | |||
| Information Ratio | 0.0687 | |||
| Maximum Drawdown | 2.78 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 1.39 |
Industrial Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Industrial Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Industrial Select's standard deviation. In reality, there are many statistical measures that can use Industrial Select historical prices to predict the future Industrial Select's volatility.| Risk Adjusted Performance | 0.1278 | |||
| Jensen Alpha | 0.0479 | |||
| Total Risk Alpha | 0.037 | |||
| Sortino Ratio | 0.0803 | |||
| Treynor Ratio | 0.1328 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Industrial Select'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.
Industrial Select Sector Backtested Returns
We consider Industrial Select very steady. Industrial Select Sector holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Industrial Select Sector, which you can use to evaluate the volatility of the entity. Please check out Industrial Select's Market Risk Adjusted Performance of 0.1428, downside deviation of 0.6066, and Risk Adjusted Performance of 0.1278 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The etf retains a Market Volatility (i.e., Beta) of 1.01, which attests to a somewhat significant risk relative to the market. Industrial Select returns are very sensitive to returns on the market. As the market goes up or down, Industrial Select is expected to follow.
Auto-correlation | 0.45 |
Average predictability
Industrial Select Sector has average predictability. Overlapping area represents the amount of predictability between Industrial Select time series from 4th of July 2022 to 30th of May 2023 and 30th of May 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 Industrial Select Sector price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Industrial Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 66.05 |
Industrial Select Sector lagged returns against current returns
Autocorrelation, which is Industrial Select 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 Industrial Select's etf expected returns. We can calculate the autocorrelation of Industrial Select returns to help us make a trade decision. For example, suppose you find that Industrial Select 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 |
Industrial Select 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 Industrial Select etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Industrial Select etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Industrial Select etf over time.
Current vs Lagged Prices |
| Timeline |
Industrial Select Lagged Returns
When evaluating Industrial Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Industrial Select etf have on its future price. Industrial Select 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, Industrial Select autocorrelation shows the relationship between Industrial Select etf current value and its past values and can show if there is a momentum factor associated with investing in Industrial Select Sector.
Regressed Prices |
| Timeline |
Industrial Select Implied Volatility | 22.77 |
Industrial Select's implied volatility exposes the market's sentiment of Industrial Select Sector stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Industrial Select's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Industrial Select stock will not fluctuate a lot when Industrial Select's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Industrial Select in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Industrial Select's short interest history, or implied volatility extrapolated from Industrial Select options trading.
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 Industrial Select Sector offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Industrial Select's 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 Industrial Select Sector Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Industrial Select Sector Etf:Check out Industrial Select Correlation, Industrial Select Volatility and Industrial Select Alpha and Beta module to complement your research on Industrial Select. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Industrial Select 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.