Cion Ares Diversified Etf Market Value
| CADEX Etf | USD 25.12 0.01 0.04% |
| Symbol | Cion |
The market value of Cion Ares Diversified is measured differently than its book value, which is the value of Cion that is recorded on the company's balance sheet. Investors also form their own opinion of Cion Ares' value that differs from its market value or its book value, called intrinsic value, which is Cion Ares' 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 Cion Ares' market value can be influenced by many factors that don't directly affect Cion Ares' 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 Cion Ares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cion Ares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cion Ares' 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.
Cion Ares '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 Cion Ares' 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 Cion Ares.
| 02/29/2024 |
| 05/29/2024 |
If you would invest 0.00 in Cion Ares on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cion Ares Diversified or generate 0.0% return on investment in Cion Ares over 90 days. Cion Ares is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, Vanguard Value, Vanguard Growth, and Vanguard Mid. Cion Ares is entity of United States. It is traded as Etf on NMFQS exchange. More
Cion Ares 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 Cion Ares' 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 Cion Ares Diversified upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0949 | |||
| Information Ratio | 0.0527 | |||
| Maximum Drawdown | 1.1 | |||
| Value At Risk | (0.04) | |||
| Potential Upside | 0.1199 |
Cion Ares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cion Ares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cion Ares' standard deviation. In reality, there are many statistical measures that can use Cion Ares historical prices to predict the future Cion Ares' volatility.| Risk Adjusted Performance | 0.1244 | |||
| Jensen Alpha | 0.0338 | |||
| Total Risk Alpha | 0.0268 | |||
| Sortino Ratio | 0.0976 | |||
| Treynor Ratio | 2.21 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cion Ares' 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.
Cion Ares Diversified Backtested Returns
We consider Cion Ares very steady. Cion Ares Diversified secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the etf had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cion Ares Diversified, which you can use to evaluate the volatility of the entity. Please confirm Cion Ares' Coefficient Of Variation of 397.2, risk adjusted performance of 0.1244, and Mean Deviation of 0.0765 to double-check if the risk estimate we provide is consistent with the expected return of 0.0307%. The etf shows a Beta (market volatility) of 0.0155, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cion Ares' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cion Ares is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
Cion Ares Diversified has good predictability. Overlapping area represents the amount of predictability between Cion Ares time series from 29th of February 2024 to 14th of April 2024 and 14th of April 2024 to 29th of May 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 Cion Ares Diversified price movement. The serial correlation of 0.76 indicates that around 76.0% of current Cion Ares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Cion Ares Diversified lagged returns against current returns
Autocorrelation, which is Cion Ares 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 Cion Ares' etf expected returns. We can calculate the autocorrelation of Cion Ares returns to help us make a trade decision. For example, suppose you find that Cion Ares 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 |
Cion Ares 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 Cion Ares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cion Ares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cion Ares etf over time.
Current vs Lagged Prices |
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Cion Ares Lagged Returns
When evaluating Cion Ares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cion Ares etf have on its future price. Cion Ares 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, Cion Ares autocorrelation shows the relationship between Cion Ares etf current value and its past values and can show if there is a momentum factor associated with investing in Cion Ares Diversified.
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.Check out Cion Ares Correlation, Cion Ares Volatility and Cion Ares Alpha and Beta module to complement your research on Cion Ares. Note that the Cion Ares Diversified information on this page should be used as a complementary analysis to other Cion Ares' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Cion Ares 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.