GS Activebeta Etf Market Value

GSLC -  USA Etf  

USD 92.39  0.05  0.05%

GS Activebeta's market value is the price at which a share of GS Activebeta stock trades on a public exchange. It measures the collective expectations of GS Activebeta US investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of GS Activebeta US and determine expected loss or profit from investing in GS Activebeta over a given investment horizon. Please check GS Activebeta Hype Analysis, GS Activebeta Correlation, Portfolio Optimization, GS Activebeta Volatility, as well as analyze GS Activebeta Alpha and Beta and GS Activebeta Performance.
Symbol
Backtest

The market value of GS Activebeta US is measured differently than its book value, which is the value of GS Activebeta that is recorded on the company's balance sheet. Investors also form their own opinion of GS Activebeta's value that differs from its market value or its book value, called intrinsic value, which is GS Activebeta'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 GS Activebeta's market value can be influenced by many factors that don't directly affect GS Activebeta'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 GS Activebeta's value and its price as these two are different measures arrived at by different means. Investors typically determine GS Activebeta value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GS Activebeta'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.

GS Activebeta '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 GS Activebeta'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 GS Activebeta.
0.00
10/24/2020
No Change 0.00  0.0 
In 1 year 2 months and 27 days
01/17/2022
0.00
If you would invest  0.00  in GS Activebeta on October 24, 2020 and sell it all today you would earn a total of 0.00 from holding GS Activebeta US or generate 0.0% return on investment in GS Activebeta over 450 days. GS Activebeta is related to or competes with SP 500, SP 500, Dividend Appreciation, Largecap ETF, Russell 1000, SP 500, and Dimensional. The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance...

GS Activebeta 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 GS Activebeta'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 GS Activebeta US upside and downside potential and time the market with a certain degree of confidence.

GS Activebeta Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for GS Activebeta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GS Activebeta's standard deviation. In reality, there are many statistical measures that can use GS Activebeta historical prices to predict the future GS Activebeta's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of GS Activebeta'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 GS Activebeta in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
91.5392.3993.25
Details
Intrinsic
Valuation
LowReal ValueHigh
91.6592.5193.37
Details
Naive
Forecast
LowNext ValueHigh
89.3390.1991.04
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
91.2793.7496.20
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GS Activebeta. Your research has to be compared to or analyzed against GS Activebeta's peers to derive any actionable benefits. When done correctly, GS Activebeta's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in GS Activebeta US.

GS Activebeta US Backtested Returns

We consider GS Activebeta very steady. GS Activebeta US retains Efficiency (Sharpe Ratio) of 0.0483, which attests that the entity had 0.0483% of return per unit of price deviation over the last 3 months. Our outlook to determining the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for GS Activebeta, which you can use to evaluate the future volatility of the entity. Please check out GS Activebeta US Standard Deviation of 0.867, market risk adjusted performance of 0.0978, and Semi Deviation of 0.7981 to validate if the risk estimate we provide is consistent with the expected return of 0.0413%.
The etf owns a Beta (Systematic Risk) of 0.9381, which attests to possible diversification benefits within a given portfolio. Let's try to break down what GS Activebeta's beta means in this case. GS Activebeta returns are very sensitive to returns on the market. As the market goes up or down, GS Activebeta is expected to follow. Although it is extremely important to respect GS Activebeta US existing price patterns, it is better to be realistic regarding the information on equity price patterns. The way in which we are determining future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting GS Activebeta US technical indicators, you can at this moment evaluate if the expected return of 0.0413% will be sustainable into the future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.88   

Very good predictability

GS Activebeta US has very good predictability. Overlapping area represents the amount of predictability between GS Activebeta time series from 24th of October 2020 to 6th of June 2021 and 6th of June 2021 to 17th of January 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GS Activebeta US price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current GS Activebeta price fluctuation can be explain by its past prices.
Correlation Coefficient0.88
Spearman Rank Test0.82
Residual Average0.0
Price Variance9.92

GS Activebeta US lagged returns against current returns

Autocorrelation, which is GS Activebeta 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 GS Activebeta's etf expected returns. We can calculate the autocorrelation of GS Activebeta returns to help us make a trade decision. For example, suppose you find that GS Activebeta 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 
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      Timeline 

GS Activebeta 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 GS Activebeta etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GS Activebeta etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GS Activebeta etf over time.
 Current vs Lagged Prices 
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      Timeline 

GS Activebeta Lagged Returns

When evaluating GS Activebeta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GS Activebeta etf have on its future price. GS Activebeta 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, GS Activebeta autocorrelation shows the relationship between GS Activebeta etf current value and its past values and can show if there is a momentum factor associated with investing in GS Activebeta US.
 Regressed Prices 
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      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in GS Activebeta without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as GS Activebeta US using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check GS Activebeta Hype Analysis, GS Activebeta Correlation, Portfolio Optimization, GS Activebeta Volatility, as well as analyze GS Activebeta Alpha and Beta and GS Activebeta Performance. Note that the GS Activebeta US information on this page should be used as a complementary analysis to other GS Activebeta's 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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running GS Activebeta US price analysis, check to measure GS Activebeta'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 GS Activebeta is operating at the current time. Most of GS Activebeta's value examination focuses on studying past and present price action to predict the probability of GS Activebeta's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move GS Activebeta's price. Additionally, you may evaluate how the addition of GS Activebeta to your portfolios can decrease your overall portfolio volatility.
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GS Activebeta 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, stock market cycles, or different charting patterns.
A focus of GS Activebeta technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of GS Activebeta trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...