Democracy International Etf Market Value
| DMCY Etf | USD 26.26 0.20 0.77% |
| Symbol | Democracy |
The market value of Democracy International is measured differently than its book value, which is the value of Democracy that is recorded on the company's balance sheet. Investors also form their own opinion of Democracy International's value that differs from its market value or its book value, called intrinsic value, which is Democracy International'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 Democracy International's market value can be influenced by many factors that don't directly affect Democracy International'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 Democracy International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Democracy International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Democracy International'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.
Democracy International '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 Democracy International'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 Democracy International.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Democracy International on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Democracy International or generate 0.0% return on investment in Democracy International over 90 days. Democracy International is related to or competes with SmartETFs Dividend, ETF Series, and SmartETFs Asia. The index construction process begins with the universe of companies that are current members of the Solactive GBS Globa... More
Democracy International 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 Democracy International'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 Democracy International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.885 | |||
| Information Ratio | 0.1753 | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.22 |
Democracy International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Democracy International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Democracy International's standard deviation. In reality, there are many statistical measures that can use Democracy International historical prices to predict the future Democracy International's volatility.| Risk Adjusted Performance | 0.0199 | |||
| Jensen Alpha | 0.0722 | |||
| Total Risk Alpha | 0.1377 | |||
| Sortino Ratio | 0.1601 | |||
| Treynor Ratio | 0.0202 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Democracy International'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.
Democracy International Backtested Returns
At this stage we consider Democracy Etf to be very steady. Democracy International secures Sharpe Ratio (or Efficiency) of 0.0584, which denotes the etf had a 0.0584 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Democracy International, which you can use to evaluate the volatility of the entity. Please confirm Democracy International's Downside Deviation of 0.885, mean deviation of 0.5872, and Coefficient Of Variation of 4124.57 to check if the risk estimate we provide is consistent with the expected return of 0.0484%. The etf shows a Beta (market volatility) of 0.47, which means possible diversification benefits within a given portfolio. As returns on the market increase, Democracy International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Democracy International is expected to be smaller as well.
Auto-correlation | 0.11 |
Insignificant predictability
Democracy International has insignificant predictability. Overlapping area represents the amount of predictability between Democracy International time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th 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 Democracy International price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Democracy International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Democracy International lagged returns against current returns
Autocorrelation, which is Democracy International 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 Democracy International's etf expected returns. We can calculate the autocorrelation of Democracy International returns to help us make a trade decision. For example, suppose you find that Democracy International 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 |
Democracy International 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 Democracy International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Democracy International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Democracy International etf over time.
Current vs Lagged Prices |
| Timeline |
Democracy International Lagged Returns
When evaluating Democracy International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Democracy International etf have on its future price. Democracy International 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, Democracy International autocorrelation shows the relationship between Democracy International etf current value and its past values and can show if there is a momentum factor associated with investing in Democracy International.
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.When determining whether Democracy International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Democracy International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Democracy International Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Democracy International Etf:Check out Democracy International Correlation, Democracy International Volatility and Democracy International Alpha and Beta module to complement your research on Democracy International. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Democracy International 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.