Edinburgh Worldwide (UK) Market Value
| EWI Etf | 189.00 4.60 2.49% |
| Symbol | Edinburgh |
Edinburgh Worldwide '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 Edinburgh Worldwide'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 Edinburgh Worldwide.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Edinburgh Worldwide on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Edinburgh Worldwide Investment or generate 0.0% return on investment in Edinburgh Worldwide over 30 days. Edinburgh Worldwide is related to or competes with Scottish Mortgage, Baillie Gifford, Blackrock Energy, CT Private, and Aberdeen New. Edinburgh Worldwide is entity of United Kingdom More
Edinburgh Worldwide 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 Edinburgh Worldwide'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 Edinburgh Worldwide Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.2118 | |||
| Maximum Drawdown | 5.1 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 2.55 |
Edinburgh Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edinburgh Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edinburgh Worldwide's standard deviation. In reality, there are many statistical measures that can use Edinburgh Worldwide historical prices to predict the future Edinburgh Worldwide's volatility.| Risk Adjusted Performance | 0.2311 | |||
| Jensen Alpha | 0.3365 | |||
| Total Risk Alpha | 0.2047 | |||
| Sortino Ratio | 0.2759 | |||
| Treynor Ratio | 0.8317 |
Edinburgh Worldwide Backtested Returns
Edinburgh Worldwide appears to be very steady, given 3 months investment horizon. Edinburgh Worldwide secures Sharpe Ratio (or Efficiency) of 0.32, which denotes the etf had a 0.32% return per unit of risk over the last 3 months. We have found thirty technical indicators for Edinburgh Worldwide Investment, which you can use to evaluate the volatility of the entity. Please utilize Edinburgh Worldwide's Coefficient Of Variation of 336.33, downside deviation of 1.02, and Mean Deviation of 1.08 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, Edinburgh Worldwide's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edinburgh Worldwide is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
Edinburgh Worldwide Investment has good predictability. Overlapping area represents the amount of predictability between Edinburgh Worldwide time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Edinburgh Worldwide price movement. The serial correlation of 0.76 indicates that around 76.0% of current Edinburgh Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 46.42 |
Edinburgh Worldwide lagged returns against current returns
Autocorrelation, which is Edinburgh Worldwide 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 Edinburgh Worldwide's etf expected returns. We can calculate the autocorrelation of Edinburgh Worldwide returns to help us make a trade decision. For example, suppose you find that Edinburgh Worldwide 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 |
Edinburgh Worldwide 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 Edinburgh Worldwide etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edinburgh Worldwide etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edinburgh Worldwide etf over time.
Current vs Lagged Prices |
| Timeline |
Edinburgh Worldwide Lagged Returns
When evaluating Edinburgh Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edinburgh Worldwide etf have on its future price. Edinburgh Worldwide 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, Edinburgh Worldwide autocorrelation shows the relationship between Edinburgh Worldwide etf current value and its past values and can show if there is a momentum factor associated with investing in Edinburgh Worldwide Investment.
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.Other Information on Investing in Edinburgh Etf
Edinburgh Worldwide financial ratios help investors to determine whether Edinburgh Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Edinburgh with respect to the benefits of owning Edinburgh Worldwide security.