ETFS FANG (Australia) Market Value
| FANG Etf | 29.40 0.23 0.78% |
| Symbol | ETFS |
Please note, there is a significant difference between ETFS FANG's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETFS FANG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETFS FANG'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.
ETFS FANG '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 ETFS FANG'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 ETFS FANG.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in ETFS FANG on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding ETFS FANG ETF or generate 0.0% return on investment in ETFS FANG over 720 days. ETFS FANG is related to or competes with ETFS Battery, and ETFS ROBO. ETFS FANG is entity of Australia. It is traded as Etf on AU exchange. More
ETFS FANG 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 ETFS FANG'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 ETFS FANG ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.0933 | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 2.34 |
ETFS FANG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETFS FANG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETFS FANG's standard deviation. In reality, there are many statistical measures that can use ETFS FANG historical prices to predict the future ETFS FANG's volatility.| Risk Adjusted Performance | 0.1571 | |||
| Jensen Alpha | 0.189 | |||
| Total Risk Alpha | 0.0328 | |||
| Sortino Ratio | 0.0904 | |||
| Treynor Ratio | 0.538 |
ETFS FANG ETF Backtested Returns
ETFS FANG appears to be very steady, given 3 months investment horizon. ETFS FANG ETF secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the etf had a 0.18% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ETFS FANG ETF, which you can use to evaluate the volatility of the entity. Please utilize ETFS FANG's downside deviation of 1.33, and Mean Deviation of 0.9794 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, ETFS FANG's returns are expected to increase less than the market. However, during the bear market, the loss of holding ETFS FANG is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
ETFS FANG ETF has excellent predictability. Overlapping area represents the amount of predictability between ETFS FANG time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 ETFS FANG ETF price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current ETFS FANG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 6.48 |
ETFS FANG ETF lagged returns against current returns
Autocorrelation, which is ETFS FANG 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 ETFS FANG's etf expected returns. We can calculate the autocorrelation of ETFS FANG returns to help us make a trade decision. For example, suppose you find that ETFS FANG 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 |
ETFS FANG 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 ETFS FANG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETFS FANG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETFS FANG etf over time.
Current vs Lagged Prices |
| Timeline |
ETFS FANG Lagged Returns
When evaluating ETFS FANG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETFS FANG etf have on its future price. ETFS FANG 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, ETFS FANG autocorrelation shows the relationship between ETFS FANG etf current value and its past values and can show if there is a momentum factor associated with investing in ETFS FANG ETF.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in ETFS Etf
ETFS FANG financial ratios help investors to determine whether ETFS 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 ETFS with respect to the benefits of owning ETFS FANG security.