Ossiam ESG's market value is the price at which a share of Ossiam ESG trades on a public exchange. It measures the collective expectations of Ossiam ESG Shiller investors about its performance. Ossiam ESG is trading at 95.82 as of the 27th of December 2024, a 0.36% increase since the beginning of the trading day. The etf's lowest day price was 95.48. With this module, you can estimate the performance of a buy and hold strategy of Ossiam ESG Shiller and determine expected loss or profit from investing in Ossiam ESG over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Ossiam
Ossiam ESG '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 Ossiam ESG'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 Ossiam ESG.
0.00
11/27/2024
No Change 0.00
0.0
In 31 days
12/27/2024
0.00
If you would invest 0.00 in Ossiam ESG on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ossiam ESG Shiller or generate 0.0% return on investment in Ossiam ESG over 30 days.
Ossiam ESG 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 Ossiam ESG'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 Ossiam ESG Shiller upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ossiam ESG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ossiam ESG's standard deviation. In reality, there are many statistical measures that can use Ossiam ESG historical prices to predict the future Ossiam ESG's volatility.
Ossiam ESG Shiller maintains Sharpe Ratio (i.e., Efficiency) of -0.23, which implies the entity had a -0.23% return per unit of risk over the last 3 months. Ossiam ESG Shiller exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ossiam ESG's Risk Adjusted Performance of (0.13), variance of 0.4812, and Coefficient Of Variation of (639.23) to confirm the risk estimate we provide. The etf holds a Beta of 0.0898, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ossiam ESG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ossiam ESG is expected to be smaller as well.
Auto-correlation
-0.89
Excellent reverse predictability
Ossiam ESG Shiller has excellent reverse predictability. Overlapping area represents the amount of predictability between Ossiam ESG time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th of December 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 Ossiam ESG Shiller price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Ossiam ESG price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.89
Spearman Rank Test
-0.92
Residual Average
0.0
Price Variance
1.5
Ossiam ESG Shiller lagged returns against current returns
Autocorrelation, which is Ossiam ESG 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 Ossiam ESG's etf expected returns. We can calculate the autocorrelation of Ossiam ESG returns to help us make a trade decision. For example, suppose you find that Ossiam ESG 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
Ossiam ESG 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 Ossiam ESG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ossiam ESG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ossiam ESG etf over time.
Current vs Lagged Prices
Timeline
Ossiam ESG Lagged Returns
When evaluating Ossiam ESG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ossiam ESG etf have on its future price. Ossiam ESG 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, Ossiam ESG autocorrelation shows the relationship between Ossiam ESG etf current value and its past values and can show if there is a momentum factor associated with investing in Ossiam ESG Shiller.
Regressed Prices
Timeline
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