Capital Group Dividend Etf Market Value
| CGDV Etf | USD 35.25 0.01 0.03% |
| Symbol | Capital |
The market value of Capital Group Dividend is measured differently than its book value, which is the value of Capital that is recorded on the company's balance sheet. Investors also form their own opinion of Capital Group's value that differs from its market value or its book value, called intrinsic value, which is Capital Group'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 Capital Group's market value can be influenced by many factors that don't directly affect Capital Group'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 Capital Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Capital Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Capital Group'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.
Capital Group '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 Capital Group'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 Capital Group.
| 01/13/2023 |
| 01/02/2025 |
If you would invest 0.00 in Capital Group on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding Capital Group Dividend or generate 0.0% return on investment in Capital Group over 720 days. Capital Group is related to or competes with Capital Group, Capital Group, Capital Group, Capital Group, and Capital Group. Normally, the fund invests at least 80 percent of its assets in dividend-paying common stocks of larger, more establishe... More
Capital Group 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 Capital Group'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 Capital Group Dividend upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.09 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.8479 |
Capital Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital Group's standard deviation. In reality, there are many statistical measures that can use Capital Group historical prices to predict the future Capital Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Capital Group'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.
Capital Group Dividend Backtested Returns
Capital Group Dividend secures Sharpe Ratio (or Efficiency) of -0.0823, which signifies that the etf had a -0.0823% return per unit of risk over the last 3 months. Capital Group Dividend exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Capital Group's Standard Deviation of 0.7019, risk adjusted performance of (0.05), and Mean Deviation of 0.5034 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Capital Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capital Group is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Capital Group Dividend has good predictability. Overlapping area represents the amount of predictability between Capital Group time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd 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 Capital Group Dividend price movement. The serial correlation of 0.78 indicates that around 78.0% of current Capital Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 5.5 |
Capital Group Dividend lagged returns against current returns
Autocorrelation, which is Capital Group 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 Capital Group's etf expected returns. We can calculate the autocorrelation of Capital Group returns to help us make a trade decision. For example, suppose you find that Capital Group 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 |