Coreshares Index (South Africa) Market Value
| APACXJ Etf | 980.00 14.00 1.45% |
| Symbol | Coreshares |
Coreshares Index '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 Coreshares Index'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 Coreshares Index.
| 11/01/2023 |
| 12/01/2023 |
If you would invest 0.00 in Coreshares Index on November 1, 2023 and sell it all today you would earn a total of 0.00 from holding Coreshares Index Tracker or generate 0.0% return on investment in Coreshares Index over 30 days.
Coreshares Index 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 Coreshares Index'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 Coreshares Index Tracker upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9666 | |||
| Information Ratio | (0.009254) | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.52 |
Coreshares Index Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coreshares Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coreshares Index's standard deviation. In reality, there are many statistical measures that can use Coreshares Index historical prices to predict the future Coreshares Index's volatility.| Risk Adjusted Performance | 0.0036 | |||
| Jensen Alpha | (0.007825) | |||
| Total Risk Alpha | (0.008532) | |||
| Sortino Ratio | (0.008671) | |||
| Treynor Ratio | (0.021583) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Coreshares Index'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. Please use the tools below to analyze the current value of Coreshares Index in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Coreshares Index. Your research has to be compared to or analyzed against Coreshares Index's peers to derive any actionable benefits. When done correctly, Coreshares Index's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Coreshares Index Tracker.
Coreshares Index Tracker Backtested Returns
Coreshares Index Tracker secures Sharpe Ratio (or Efficiency) of -0.0398, which signifies that the etf had -0.0398% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Coreshares Index Tracker exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm Coreshares Index Tracker Risk Adjusted Performance of 0.0036, mean deviation of 0.7009, and Downside Deviation of 0.9666 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.3487, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Coreshares Index returns are expected to increase less than the market. However, during the bear market, the loss on holding Coreshares Index will be expected to be smaller as well. Even though it is essential to pay attention to Coreshares Index Tracker historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Coreshares Index Tracker exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
Auto-correlation | 0.72 |
Good predictability
Coreshares Index Tracker has good predictability. Overlapping area represents the amount of predictability between Coreshares Index time series from 1st of November 2023 to 16th of November 2023 and 16th of November 2023 to 1st of December 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Coreshares Index Tracker price movement. The serial correlation of 0.72 indicates that around 72.0% of current Coreshares Index price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 118.91 |
Coreshares Index Tracker lagged returns against current returns
Autocorrelation, which is Coreshares Index 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 Coreshares Index's etf expected returns. We can calculate the autocorrelation of Coreshares Index returns to help us make a trade decision. For example, suppose you find that Coreshares Index etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Coreshares Index 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 Coreshares Index etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coreshares Index etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coreshares Index etf over time.
Current vs Lagged Prices |
| Timeline |
Coreshares Index Lagged Returns
When evaluating Coreshares Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coreshares Index etf have on its future price. Coreshares Index 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, Coreshares Index autocorrelation shows the relationship between Coreshares Index etf current value and its past values and can show if there is a momentum factor associated with investing in Coreshares Index Tracker.
Regressed Prices |
| Timeline |
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 Coreshares Index 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, Coreshares Index's short interest history, or implied volatility extrapolated from Coreshares Index options trading.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in commodities. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Coreshares Etf analysis
When running Coreshares Index's price analysis, check to measure Coreshares Index's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coreshares Index is operating at the current time. Most of Coreshares Index's value examination focuses on studying past and present price action to predict the probability of Coreshares Index's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coreshares Index's price. Additionally, you may evaluate how the addition of Coreshares Index to your portfolios can decrease your overall portfolio volatility.
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Coreshares Index 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.