Trend ETF's market value is the price at which a share of Trend ETF trades on a public exchange. It measures the collective expectations of Trend ETF Ibovespa investors about its performance. Trend ETF is trading at 13.14 as of the 12th of December 2024, a 1.00 percent increase since the beginning of the trading day. The etf's open price was 13.01. With this module, you can estimate the performance of a buy and hold strategy of Trend ETF Ibovespa and determine expected loss or profit from investing in Trend ETF 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
Trend
Trend 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 Trend 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 Trend ETF.
0.00
11/12/2024
No Change 0.00
0.0
In 30 days
12/12/2024
0.00
If you would invest 0.00 in Trend ETF on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Trend ETF Ibovespa or generate 0.0% return on investment in Trend ETF over 30 days.
Trend 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 Trend 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 Trend ETF Ibovespa 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 Trend ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trend ETF's standard deviation. In reality, there are many statistical measures that can use Trend ETF historical prices to predict the future Trend ETF's volatility.
Trend ETF Ibovespa owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0652, which indicates the etf had a -0.0652% return per unit of risk over the last 3 months. Trend ETF Ibovespa exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trend ETF's Risk Adjusted Performance of (0.05), coefficient of variation of (1,516), and Variance of 0.7799 to confirm the risk estimate we provide. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Trend ETF are expected to decrease at a much lower rate. During the bear market, Trend ETF is likely to outperform the market.
Auto-correlation
0.40
Average predictability
Trend ETF Ibovespa has average predictability. Overlapping area represents the amount of predictability between Trend ETF time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Trend ETF Ibovespa price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Trend ETF price fluctuation can be explain by its past prices.
Correlation Coefficient
0.4
Spearman Rank Test
-0.16
Residual Average
0.0
Price Variance
0.01
Trend ETF Ibovespa lagged returns against current returns
Autocorrelation, which is Trend 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 Trend ETF's etf expected returns. We can calculate the autocorrelation of Trend ETF returns to help us make a trade decision. For example, suppose you find that Trend 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
Trend 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 Trend ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trend ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trend ETF etf over time.
Current vs Lagged Prices
Timeline
Trend ETF Lagged Returns
When evaluating Trend ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trend ETF etf have on its future price. Trend 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, Trend ETF autocorrelation shows the relationship between Trend ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Trend ETF Ibovespa.
Regressed Prices
Timeline
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