Raiffeisen ETF (Switzerland) Market Value
| RGLDS Etf | USD 7,287 25.00 0.34% |
| Symbol | Raiffeisen |
Please note, there is a significant difference between Raiffeisen ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Raiffeisen ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Raiffeisen ETF'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.
Raiffeisen ETF '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 Raiffeisen ETF'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 Raiffeisen ETF.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Raiffeisen ETF on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Raiffeisen ETF Solid or generate 0.0% return on investment in Raiffeisen ETF over 30 days. Raiffeisen ETF is related to or competes with Raiffeisen ETF, Raiffeisen ETF, and Raiffeisen ETF. The investment seeks to replicate, net of expenses, the London Gold PM Fixing PR USD index More
Raiffeisen ETF 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 Raiffeisen ETF'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 Raiffeisen ETF Solid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7611 | |||
| Information Ratio | 0.2108 | |||
| Maximum Drawdown | 4.64 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.54 |
Raiffeisen ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Raiffeisen ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Raiffeisen ETF's standard deviation. In reality, there are many statistical measures that can use Raiffeisen ETF historical prices to predict the future Raiffeisen ETF's volatility.| Risk Adjusted Performance | 0.1849 | |||
| Jensen Alpha | 0.232 | |||
| Total Risk Alpha | 0.1527 | |||
| Sortino Ratio | 0.2248 | |||
| Treynor Ratio | (5.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Raiffeisen ETF'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.
Raiffeisen ETF Solid Backtested Returns
Raiffeisen ETF appears to be very steady, given 3 months investment horizon. Raiffeisen ETF Solid maintains Sharpe Ratio (i.e., Efficiency) of 0.33, which implies the entity had a 0.33% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Raiffeisen ETF Solid, which you can use to evaluate the volatility of the etf. Please evaluate Raiffeisen ETF's Semi Deviation of 0.2709, risk adjusted performance of 0.1849, and Coefficient Of Variation of 338.67 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of -0.0395, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Raiffeisen ETF are expected to decrease at a much lower rate. During the bear market, Raiffeisen ETF is likely to outperform the market.
Auto-correlation | 0.70 |
Good predictability
Raiffeisen ETF Solid has good predictability. Overlapping area represents the amount of predictability between Raiffeisen ETF time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Raiffeisen ETF Solid price movement. The serial correlation of 0.7 indicates that around 70.0% of current Raiffeisen ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 12.5 K |
Raiffeisen ETF Solid lagged returns against current returns
Autocorrelation, which is Raiffeisen ETF 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 Raiffeisen ETF's etf expected returns. We can calculate the autocorrelation of Raiffeisen ETF returns to help us make a trade decision. For example, suppose you find that Raiffeisen ETF 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 |
Raiffeisen ETF 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 Raiffeisen ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Raiffeisen ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Raiffeisen ETF etf over time.
Current vs Lagged Prices |
| Timeline |
Raiffeisen ETF Lagged Returns
When evaluating Raiffeisen ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Raiffeisen ETF etf have on its future price. Raiffeisen ETF 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, Raiffeisen ETF autocorrelation shows the relationship between Raiffeisen ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Raiffeisen ETF Solid.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Raiffeisen ETF Correlation, Raiffeisen ETF Volatility and Raiffeisen ETF Alpha and Beta module to complement your research on Raiffeisen ETF. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Raiffeisen ETF 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.