ERShares Entrepreneurs ETF Market Value
| ENTRDelisted Etf | USD 18.37 0.27 1.45% |
| Symbol | ERShares |
ERShares Entrepreneurs '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 ERShares Entrepreneurs' 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 ERShares Entrepreneurs.
| 07/12/2023 |
| 01/02/2025 |
If you would invest 0.00 in ERShares Entrepreneurs on July 12, 2023 and sell it all today you would earn a total of 0.00 from holding ERShares Entrepreneurs ETF or generate 0.0% return on investment in ERShares Entrepreneurs over 540 days. ERShares Entrepreneurs is related to or competes with East West, GSI Technology, Amtech Systems, and Entegris. The fund invests primarily in equity securities of mid and large capitalization companies traded on the NASDAQ, the New ... More
ERShares Entrepreneurs 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 ERShares Entrepreneurs' 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 ERShares Entrepreneurs ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.1306 | |||
| Maximum Drawdown | 7.96 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.19 |
ERShares Entrepreneurs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ERShares Entrepreneurs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ERShares Entrepreneurs' standard deviation. In reality, there are many statistical measures that can use ERShares Entrepreneurs historical prices to predict the future ERShares Entrepreneurs' volatility.| Risk Adjusted Performance | 0.1157 | |||
| Jensen Alpha | 0.1942 | |||
| Total Risk Alpha | 0.1928 | |||
| Sortino Ratio | 0.11 | |||
| Treynor Ratio | 4.0 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ERShares Entrepreneurs' 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.
ERShares Entrepreneurs Backtested Returns
ERShares Entrepreneurs appears to be very steady, given 3 months investment horizon. ERShares Entrepreneurs secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the etf had a 0.13% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for ERShares Entrepreneurs ETF, which you can use to evaluate the volatility of the entity. Please utilize ERShares Entrepreneurs' Mean Deviation of 1.07, downside deviation of 1.76, and Market Risk Adjusted Performance of 4.01 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.0486, which means not very significant fluctuations relative to the market. As returns on the market increase, ERShares Entrepreneurs' returns are expected to increase less than the market. However, during the bear market, the loss of holding ERShares Entrepreneurs is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
ERShares Entrepreneurs ETF has very good predictability. Overlapping area represents the amount of predictability between ERShares Entrepreneurs time series from 12th of July 2023 to 7th of April 2024 and 7th of April 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 ERShares Entrepreneurs price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current ERShares Entrepreneurs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
ERShares Entrepreneurs lagged returns against current returns
Autocorrelation, which is ERShares Entrepreneurs 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 ERShares Entrepreneurs' etf expected returns. We can calculate the autocorrelation of ERShares Entrepreneurs returns to help us make a trade decision. For example, suppose you find that ERShares Entrepreneurs 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 |
ERShares Entrepreneurs 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 ERShares Entrepreneurs etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ERShares Entrepreneurs etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ERShares Entrepreneurs etf over time.
Current vs Lagged Prices |
| Timeline |
ERShares Entrepreneurs Lagged Returns
When evaluating ERShares Entrepreneurs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ERShares Entrepreneurs etf have on its future price. ERShares Entrepreneurs 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, ERShares Entrepreneurs autocorrelation shows the relationship between ERShares Entrepreneurs etf current value and its past values and can show if there is a momentum factor associated with investing in ERShares Entrepreneurs ETF.
Regressed Prices |
| Timeline |
Pair Trading with ERShares Entrepreneurs
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ERShares Entrepreneurs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ERShares Entrepreneurs will appreciate offsetting losses from the drop in the long position's value.Moving together with ERShares Etf
| 0.91 | VUG | Vanguard Growth Index | PairCorr |
| 0.9 | IWF | iShares Russell 1000 | PairCorr |
| 0.89 | IVW | iShares SP 500 | PairCorr |
| 0.89 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.89 | IUSG | iShares Core SP | PairCorr |
Moving against ERShares Etf
| 0.94 | VIIX | VIIX | PairCorr |
| 0.91 | ULE | ProShares Ultra Euro | PairCorr |
| 0.78 | PFFL | ETRACS 2xMonthly Pay | PairCorr |
| 0.62 | YCL | ProShares Ultra Yen | PairCorr |
| 0.56 | FXY | Invesco CurrencyShares | PairCorr |
The ability to find closely correlated positions to ERShares Entrepreneurs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ERShares Entrepreneurs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ERShares Entrepreneurs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ERShares Entrepreneurs ETF to buy it.
The correlation of ERShares Entrepreneurs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ERShares Entrepreneurs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ERShares Entrepreneurs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ERShares Entrepreneurs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ERShares Entrepreneurs Correlation, ERShares Entrepreneurs Volatility and ERShares Entrepreneurs Alpha and Beta module to complement your research on ERShares Entrepreneurs. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Other Consideration for investing in ERShares Etf
If you are still planning to invest in ERShares Entrepreneurs check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ERShares Entrepreneurs' history and understand the potential risks before investing.
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