CoreShares' market value is the price at which a share of CoreShares trades on a public exchange. It measures the collective expectations of CoreShares SP 500 investors about its performance. CoreShares is trading at 10301.00 as of the 19th of March 2025, a 0.34 percent increase since the beginning of the trading day. The etf's open price was 10266.0. With this module, you can estimate the performance of a buy and hold strategy of CoreShares SP 500 and determine expected loss or profit from investing in CoreShares 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
CoreShares
CoreShares '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 CoreShares' 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 CoreShares.
0.00
12/19/2024
No Change 0.00
0.0
In 3 months and 1 day
03/19/2025
0.00
If you would invest 0.00 in CoreShares on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding CoreShares SP 500 or generate 0.0% return on investment in CoreShares over 90 days.
CoreShares 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 CoreShares' 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 CoreShares SP 500 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 CoreShares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoreShares' standard deviation. In reality, there are many statistical measures that can use CoreShares historical prices to predict the future CoreShares' volatility.
CoreShares SP 500 secures Sharpe Ratio (or Efficiency) of -0.0998, which signifies that the etf had a -0.0998 % return per unit of risk over the last 3 months. CoreShares SP 500 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CoreShares' Mean Deviation of 0.7416, risk adjusted performance of (0.09), and Standard Deviation of 0.9585 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CoreShares' returns are expected to increase less than the market. However, during the bear market, the loss of holding CoreShares is expected to be smaller as well.
Auto-correlation
-0.61
Very good reverse predictability
CoreShares SP 500 has very good reverse predictability. Overlapping area represents the amount of predictability between CoreShares time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 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 CoreShares SP 500 price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current CoreShares price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.61
Spearman Rank Test
-0.77
Residual Average
0.0
Price Variance
146.3 K
CoreShares SP 500 lagged returns against current returns
Autocorrelation, which is CoreShares 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 CoreShares' etf expected returns. We can calculate the autocorrelation of CoreShares returns to help us make a trade decision. For example, suppose you find that CoreShares 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
CoreShares 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 CoreShares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoreShares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoreShares etf over time.
Current vs Lagged Prices
Timeline
CoreShares Lagged Returns
When evaluating CoreShares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoreShares etf have on its future price. CoreShares 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, CoreShares autocorrelation shows the relationship between CoreShares etf current value and its past values and can show if there is a momentum factor associated with investing in CoreShares SP 500.
Regressed Prices
Timeline
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