Sonicshares Global Shipping Etf Market Value
| BOAT Etf | USD 30.24 0.11 0.37% |
| Symbol | SonicShares |
The market value of SonicShares Global is measured differently than its book value, which is the value of SonicShares that is recorded on the company's balance sheet. Investors also form their own opinion of SonicShares Global's value that differs from its market value or its book value, called intrinsic value, which is SonicShares Global'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 SonicShares Global's market value can be influenced by many factors that don't directly affect SonicShares Global'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 SonicShares Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if SonicShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SonicShares Global'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.
SonicShares Global '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 SonicShares Global'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 SonicShares Global.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in SonicShares Global on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding SonicShares Global Shipping or generate 0.0% return on investment in SonicShares Global over 390 days. SonicShares Global is related to or competes with Breakwave Dry, US Global, Defiance Hotel, First Trust, and ProShares Supply. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being e... More
SonicShares Global 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 SonicShares Global'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 SonicShares Global Shipping upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.16 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.35 |
SonicShares Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SonicShares Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SonicShares Global's standard deviation. In reality, there are many statistical measures that can use SonicShares Global historical prices to predict the future SonicShares Global's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.13) |
SonicShares Global Backtested Returns
SonicShares Global owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0812, which indicates the etf had a -0.0812% return per unit of risk over the last 3 months. SonicShares Global Shipping exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SonicShares Global's Variance of 2.23, risk adjusted performance of (0.01), and Coefficient Of Variation of (6,034) to confirm the risk estimate we provide. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SonicShares Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding SonicShares Global is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
SonicShares Global Shipping has almost perfect reverse predictability. Overlapping area represents the amount of predictability between SonicShares Global time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 SonicShares Global price movement. The serial correlation of -0.74 indicates that around 74.0% of current SonicShares Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 2.96 |
SonicShares Global lagged returns against current returns
Autocorrelation, which is SonicShares Global 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 SonicShares Global's etf expected returns. We can calculate the autocorrelation of SonicShares Global returns to help us make a trade decision. For example, suppose you find that SonicShares Global 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 |
SonicShares Global 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 SonicShares Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SonicShares Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SonicShares Global etf over time.
Current vs Lagged Prices |
| Timeline |
SonicShares Global Lagged Returns
When evaluating SonicShares Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SonicShares Global etf have on its future price. SonicShares Global 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, SonicShares Global autocorrelation shows the relationship between SonicShares Global etf current value and its past values and can show if there is a momentum factor associated with investing in SonicShares Global Shipping.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out SonicShares Global Correlation, SonicShares Global Volatility and SonicShares Global Alpha and Beta module to complement your research on SonicShares Global. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
SonicShares Global 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.