Flexshares High Yield Etf Market Value
| HYGV Etf | USD 40.65 0.12 0.30% |
| Symbol | FlexShares |
The market value of FlexShares High Yield is measured differently than its book value, which is the value of FlexShares that is recorded on the company's balance sheet. Investors also form their own opinion of FlexShares High's value that differs from its market value or its book value, called intrinsic value, which is FlexShares High's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FlexShares High's market value can be influenced by many factors that don't directly affect FlexShares High's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FlexShares High's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares High'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.
FlexShares High '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 FlexShares High'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 FlexShares High.
| 02/05/2023 |
| 12/26/2024 |
If you would invest 0.00 in FlexShares High on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding FlexShares High Yield or generate 0.0% return on investment in FlexShares High over 690 days. FlexShares High is related to or competes with Xtrackers High, IShares Edge, Xtrackers USD, IShares Interest, and IShares Fallen. The index reflects the performance of a broad universe of U.S More
FlexShares High 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 FlexShares High'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 FlexShares High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2752 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 1.5 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.344 |
FlexShares High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FlexShares High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FlexShares High's standard deviation. In reality, there are many statistical measures that can use FlexShares High historical prices to predict the future FlexShares High's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.03) |
FlexShares High Yield Backtested Returns
At this stage we consider FlexShares Etf to be very steady. FlexShares High Yield secures Sharpe Ratio (or Efficiency) of 0.0059, which denotes the etf had a 0.0059% return per unit of risk over the last 3 months. We have found thirty technical indicators for FlexShares High Yield, which you can use to evaluate the volatility of the entity. Please confirm FlexShares High's Coefficient Of Variation of 5566.33, downside deviation of 0.2752, and Mean Deviation of 0.1775 to check if the risk estimate we provide is consistent with the expected return of 0.0015%. The etf shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, FlexShares High's returns are expected to increase less than the market. However, during the bear market, the loss of holding FlexShares High is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
FlexShares High Yield has good predictability. Overlapping area represents the amount of predictability between FlexShares High time series from 5th of February 2023 to 16th of January 2024 and 16th of January 2024 to 26th 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 FlexShares High Yield price movement. The serial correlation of 0.77 indicates that around 77.0% of current FlexShares High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
FlexShares High Yield lagged returns against current returns
Autocorrelation, which is FlexShares High 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 FlexShares High's etf expected returns. We can calculate the autocorrelation of FlexShares High returns to help us make a trade decision. For example, suppose you find that FlexShares High 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 |
FlexShares High 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 FlexShares High etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FlexShares High etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FlexShares High etf over time.
Current vs Lagged Prices |
| Timeline |
FlexShares High Lagged Returns
When evaluating FlexShares High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FlexShares High etf have on its future price. FlexShares High 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, FlexShares High autocorrelation shows the relationship between FlexShares High etf current value and its past values and can show if there is a momentum factor associated with investing in FlexShares High Yield.
Regressed Prices |
| Timeline |
Thematic Opportunities
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FlexShares High technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.