AfricaRhodium ETF's market value is the price at which a share of AfricaRhodium ETF trades on a public exchange. It measures the collective expectations of AfricaRhodium ETF investors about its performance. AfricaRhodium ETF is trading at 77784.00 as of the 2nd of March 2025, a 0.53 percent increase since the beginning of the trading day. The etf's open price was 77375.0. With this module, you can estimate the performance of a buy and hold strategy of AfricaRhodium ETF and determine expected loss or profit from investing in AfricaRhodium ETF over a given investment horizon. Check out Investing Opportunities 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 rate.
Symbol
AfricaRhodium
AfricaRhodium ETF '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 AfricaRhodium ETF'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 AfricaRhodium ETF.
0.00
01/01/2025
No Change 0.00
0.0
In 2 months and 2 days
03/02/2025
0.00
If you would invest 0.00 in AfricaRhodium ETF on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding AfricaRhodium ETF or generate 0.0% return on investment in AfricaRhodium ETF over 60 days.
AfricaRhodium ETF 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 AfricaRhodium ETF'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 AfricaRhodium ETF 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 AfricaRhodium ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AfricaRhodium ETF's standard deviation. In reality, there are many statistical measures that can use AfricaRhodium ETF historical prices to predict the future AfricaRhodium ETF's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AfricaRhodium ETF. Your research has to be compared to or analyzed against AfricaRhodium ETF's peers to derive any actionable benefits. When done correctly, AfricaRhodium ETF's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in AfricaRhodium ETF.
AfricaRhodium ETF Backtested Returns
At this point, AfricaRhodium ETF is very steady. AfricaRhodium ETF secures Sharpe Ratio (or Efficiency) of 0.0206, which signifies that the etf had a 0.0206 % return per unit of risk over the last 3 months. We have found thirty technical indicators for AfricaRhodium ETF, which you can use to evaluate the volatility of the entity. Please confirm AfricaRhodium ETF's Risk Adjusted Performance of 0.0156, mean deviation of 1.02, and Downside Deviation of 1.47 to double-check if the risk estimate we provide is consistent with the expected return of 0.0261%. The etf shows a Beta (market volatility) of -0.0715, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AfricaRhodium ETF are expected to decrease at a much lower rate. During the bear market, AfricaRhodium ETF is likely to outperform the market.
Auto-correlation
-0.26
Weak reverse predictability
AfricaRhodium ETF has weak reverse predictability. Overlapping area represents the amount of predictability between AfricaRhodium ETF time series from 1st of January 2025 to 31st of January 2025 and 31st of January 2025 to 2nd 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 AfricaRhodium ETF price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current AfricaRhodium ETF price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.26
Spearman Rank Test
-0.09
Residual Average
0.0
Price Variance
408.6 K
AfricaRhodium ETF lagged returns against current returns
Autocorrelation, which is AfricaRhodium ETF 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 AfricaRhodium ETF's etf expected returns. We can calculate the autocorrelation of AfricaRhodium ETF returns to help us make a trade decision. For example, suppose you find that AfricaRhodium ETF 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
AfricaRhodium ETF 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 AfricaRhodium ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AfricaRhodium ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AfricaRhodium ETF etf over time.
Current vs Lagged Prices
Timeline
AfricaRhodium ETF Lagged Returns
When evaluating AfricaRhodium ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AfricaRhodium ETF etf have on its future price. AfricaRhodium ETF 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, AfricaRhodium ETF autocorrelation shows the relationship between AfricaRhodium ETF etf current value and its past values and can show if there is a momentum factor associated with investing in AfricaRhodium ETF.
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.