FNB Government's market value is the price at which a share of FNB Government trades on a public exchange. It measures the collective expectations of FNB Government Inflation investors about its performance. FNB Government is trading at 2447.00 as of the 8th of January 2025, a 0.12 percent decrease since the beginning of the trading day. The etf's open price was 2450.0. With this module, you can estimate the performance of a buy and hold strategy of FNB Government Inflation and determine expected loss or profit from investing in FNB Government 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 board of governors.
Symbol
FNB
FNB Government '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 FNB Government'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 FNB Government.
0.00
12/09/2024
No Change 0.00
0.0
In 31 days
01/08/2025
0.00
If you would invest 0.00 in FNB Government on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding FNB Government Inflation or generate 0.0% return on investment in FNB Government over 30 days.
FNB Government 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 FNB Government'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 FNB Government Inflation 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 FNB Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FNB Government's standard deviation. In reality, there are many statistical measures that can use FNB Government historical prices to predict the future FNB Government's volatility.
At this point, FNB Government is very steady. FNB Government Inflation retains Efficiency (Sharpe Ratio) of 0.0639, which denotes the etf had a 0.0639% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for FNB Government, which you can use to evaluate the volatility of the entity. Please confirm FNB Government's Variance of 0.058, market risk adjusted performance of 2.3, and Standard Deviation of 0.2409 to check if the risk estimate we provide is consistent with the expected return of 0.0125%. The etf owns a Beta (Systematic Risk) of -0.0072, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FNB Government are expected to decrease at a much lower rate. During the bear market, FNB Government is likely to outperform the market.
Auto-correlation
-0.34
Poor reverse predictability
FNB Government Inflation has poor reverse predictability. Overlapping area represents the amount of predictability between FNB Government time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 FNB Government Inflation price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current FNB Government price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.34
Spearman Rank Test
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Residual Average
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Price Variance
17.56
FNB Government Inflation lagged returns against current returns
Autocorrelation, which is FNB Government 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 FNB Government's etf expected returns. We can calculate the autocorrelation of FNB Government returns to help us make a trade decision. For example, suppose you find that FNB Government 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
FNB Government 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 FNB Government etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FNB Government etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FNB Government etf over time.
Current vs Lagged Prices
Timeline
FNB Government Lagged Returns
When evaluating FNB Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FNB Government etf have on its future price. FNB Government 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, FNB Government autocorrelation shows the relationship between FNB Government etf current value and its past values and can show if there is a momentum factor associated with investing in FNB Government Inflation.
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.