Materials Select Sector Etf Market Value

XLB Etf  USD 87.96  0.40  0.46%   
Materials Select's market value is the price at which a share of Materials Select stock trades on a public exchange. It measures the collective expectations of Materials Select Sector investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Materials Select Sector and determine expected loss or profit from investing in Materials Select over a given investment horizon.
Check out Materials Select Correlation, Materials Select Volatility and Materials Select Alpha and Beta module to complement your research on Materials Select.

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

Materials 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 Materials 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 Materials Select.
No Change 0.00  0.0 
In 31 days
If you would invest  0.00  in Materials Select on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Materials Select Sector or generate 0.0% return on investment in Materials Select over 30 days. Materials Select is related to or competes with First Trust, Direxion Daily, Drum Income, EA Series, and Global X. In seeking to track the performance of the index, the fund employs a replication strategy More

Materials 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 Materials 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 Materials Select Sector upside and downside potential and time the market with a certain degree of confidence.

Materials Select Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Materials Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Materials Select's standard deviation. In reality, there are many statistical measures that can use Materials Select historical prices to predict the future Materials Select's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Materials 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. Please use the tools below to analyze the current value of Materials Select 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 Materials Select. Your research has to be compared to or analyzed against Materials Select's peers to derive any actionable benefits. When done correctly, Materials Select'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 Materials Select Sector.

Materials Select Sector Backtested Returns

We consider Materials Select very steady. Materials Select Sector has Sharpe Ratio of 0.13, which conveys that the entity had 0.13% return per unit of risk over the last 3 months. Our standpoint towards estimating 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-nine technical indicators for Materials Select, which you can use to evaluate the future volatility of the etf. Please verify Materials Select's Downside Deviation of 1.01, risk adjusted performance of 0.0976, and Mean Deviation of 0.6489 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The etf secures a Beta (Market Risk) of 1.07, which conveys a somewhat significant risk relative to the market. Materials Select returns are very sensitive to returns on the market. As the market goes up or down, Materials Select is expected to follow. Although it is important to respect Materials Select Sector price patterns, it is better to be realistic regarding the information on the equity's historical price patterns.



Weak predictability

Materials Select Sector has weak predictability. Overlapping area represents the amount of predictability between Materials Select time series from 1st of February 2024 to 16th of February 2024 and 16th of February 2024 to 2nd of March 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 Materials Select Sector price movement. The serial correlation of 0.2 indicates that over 20.0% of current Materials Select price fluctuation can be explain by its past prices.
Correlation Coefficient0.2
Spearman Rank Test0.1
Residual Average0.0
Price Variance0.87

Materials Select Sector lagged returns against current returns

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

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

Materials Select Lagged Returns

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

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 Materials 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 Materials 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 Materials Select Sector Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Materials Select Sector Etf:
Check out Materials Select Correlation, Materials Select Volatility and Materials Select Alpha and Beta module to complement your research on Materials Select.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for Materials Etf analysis

When running Materials Select's price analysis, check to measure Materials Select'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 Materials Select is operating at the current time. Most of Materials Select's value examination focuses on studying past and present price action to predict the probability of Materials Select's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Materials Select's price. Additionally, you may evaluate how the addition of Materials Select to your portfolios can decrease your overall portfolio volatility.
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Materials 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.
A focus of Materials Select technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Materials Select 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...