Change Finance Diversified Etf Market Value
| CHGX Etf | USD 38.31 0.16 0.42% |
| Symbol | Change |
The market value of Change Finance Diver is measured differently than its book value, which is the value of Change that is recorded on the company's balance sheet. Investors also form their own opinion of Change Finance's value that differs from its market value or its book value, called intrinsic value, which is Change Finance'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 Change Finance's market value can be influenced by many factors that don't directly affect Change Finance'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 Change Finance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Change Finance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Change Finance'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.
Change Finance '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 Change Finance'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 Change Finance.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Change Finance on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Change Finance Diversified or generate 0.0% return on investment in Change Finance over 30 days. Change Finance is related to or competes with Amplify ETF, IShares MSCI, First Trust, SPDR SP, and Northern Lights. The index measures the performance of an equal-weighted portfolio of approximately 100 large-, mid-capitalization equity... More
Change Finance 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 Change Finance'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 Change Finance Diversified upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.64 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.08 |
Change Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Change Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Change Finance's standard deviation. In reality, there are many statistical measures that can use Change Finance historical prices to predict the future Change Finance's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.02) |
Change Finance Diver Backtested Returns
Change Finance Diver secures Sharpe Ratio (or Efficiency) of -0.0123, which signifies that the etf had a -0.0123% return per unit of standard deviation over the last 3 months. Change Finance Diversified exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Change Finance's mean deviation of 0.6098, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Change Finance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Change Finance is expected to be smaller as well.
Auto-correlation | 0.05 |
Virtually no predictability
Change Finance Diversified has virtually no predictability. Overlapping area represents the amount of predictability between Change Finance time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th 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 Change Finance Diver price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Change Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Change Finance Diver lagged returns against current returns
Autocorrelation, which is Change Finance 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 Change Finance's etf expected returns. We can calculate the autocorrelation of Change Finance returns to help us make a trade decision. For example, suppose you find that Change Finance 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 |
Change Finance 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 Change Finance etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Change Finance etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Change Finance etf over time.
Current vs Lagged Prices |
| Timeline |
Change Finance Lagged Returns
When evaluating Change Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Change Finance etf have on its future price. Change Finance 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, Change Finance autocorrelation shows the relationship between Change Finance etf current value and its past values and can show if there is a momentum factor associated with investing in Change Finance Diversified.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Check out Change Finance Correlation, Change Finance Volatility and Change Finance Alpha and Beta module to complement your research on Change Finance. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Change Finance 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.