Roundhill Sports Betting Etf Market Value
| BETZ Etf | USD 19.14 0.09 0.47% |
| Symbol | Roundhill |
The market value of Roundhill Sports Betting is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Sports' value that differs from its market value or its book value, called intrinsic value, which is Roundhill Sports' 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 Roundhill Sports' market value can be influenced by many factors that don't directly affect Roundhill Sports' 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 Roundhill Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill Sports' 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.
Roundhill Sports '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 Roundhill Sports' 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 Roundhill Sports.
| 04/12/2024 |
| 01/07/2025 |
If you would invest 0.00 in Roundhill Sports on April 12, 2024 and sell it all today you would earn a total of 0.00 from holding Roundhill Sports Betting or generate 0.0% return on investment in Roundhill Sports over 270 days. Roundhill Sports is related to or competes with Roundhill Video, Gan, VanEck Video, VanEck Gaming, and AdvisorShares Pure. Under normal circumstances, at least 80 percent of the funds net assets will be invested in securities issued by Sports ... More
Roundhill Sports 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 Roundhill Sports' 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 Roundhill Sports Betting upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.0225 | |||
| Maximum Drawdown | 6.41 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.45 |
Roundhill Sports Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roundhill Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roundhill Sports' standard deviation. In reality, there are many statistical measures that can use Roundhill Sports historical prices to predict the future Roundhill Sports' volatility.| Risk Adjusted Performance | 0.0421 | |||
| Jensen Alpha | 0.0279 | |||
| Total Risk Alpha | 0.0182 | |||
| Sortino Ratio | 0.0178 | |||
| Treynor Ratio | 0.0549 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roundhill Sports' 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.
Roundhill Sports Betting Backtested Returns
At this stage we consider Roundhill Etf to be very steady. Roundhill Sports Betting maintains Sharpe Ratio (i.e., Efficiency) of 0.0492, which implies the entity had a 0.0492% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Roundhill Sports Betting, which you can use to evaluate the volatility of the etf. Please check Roundhill Sports' Coefficient Of Variation of 2030.63, risk adjusted performance of 0.0421, and Semi Deviation of 1.12 to confirm if the risk estimate we provide is consistent with the expected return of 0.0516%. The etf holds a Beta of 0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Roundhill Sports' returns are expected to increase less than the market. However, during the bear market, the loss of holding Roundhill Sports is expected to be smaller as well.
Auto-correlation | 0.44 |
Average predictability
Roundhill Sports Betting has average predictability. Overlapping area represents the amount of predictability between Roundhill Sports time series from 12th of April 2024 to 25th of August 2024 and 25th of August 2024 to 7th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Roundhill Sports Betting price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Roundhill Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Roundhill Sports Betting lagged returns against current returns
Autocorrelation, which is Roundhill Sports 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 Roundhill Sports' etf expected returns. We can calculate the autocorrelation of Roundhill Sports returns to help us make a trade decision. For example, suppose you find that Roundhill Sports 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 |
Roundhill Sports 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 Roundhill Sports etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roundhill Sports etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roundhill Sports etf over time.
Current vs Lagged Prices |
| Timeline |
Roundhill Sports Lagged Returns
When evaluating Roundhill Sports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roundhill Sports etf have on its future price. Roundhill Sports 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, Roundhill Sports autocorrelation shows the relationship between Roundhill Sports etf current value and its past values and can show if there is a momentum factor associated with investing in Roundhill Sports Betting.
Regressed Prices |
| Timeline |
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Check out Roundhill Sports Correlation, Roundhill Sports Volatility and Roundhill Sports Alpha and Beta module to complement your research on Roundhill Sports. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Roundhill Sports 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.