ETC Group (UK) Market Value

METR Etf   12.40  0.08  0.64%   
ETC Group's market value is the price at which a share of ETC Group trades on a public exchange. It measures the collective expectations of ETC Group Global investors about its performance. ETC Group is selling for under 12.40 as of the 5th of December 2024; that is 0.64% down since the beginning of the trading day. The etf's lowest day price was 12.36.
With this module, you can estimate the performance of a buy and hold strategy of ETC Group Global and determine expected loss or profit from investing in ETC Group over a given investment horizon. Check out ETC Group Correlation, ETC Group Volatility and ETC Group Alpha and Beta module to complement your research on ETC Group.
Symbol

Please note, there is a significant difference between ETC Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETC Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETC Group'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.

ETC Group '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 ETC Group'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 ETC Group.
0.00
11/05/2024
No Change 0.00  0.0 
In 30 days
12/05/2024
0.00
If you would invest  0.00  in ETC Group on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding ETC Group Global or generate 0.0% return on investment in ETC Group over 30 days. ETC Group is related to or competes with ETC Group, IShares MSCI. ETC Group is entity of United Kingdom. It is traded as Etf on LSE exchange. More

ETC Group 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 ETC Group'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 ETC Group Global upside and downside potential and time the market with a certain degree of confidence.

ETC Group Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ETC Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETC Group's standard deviation. In reality, there are many statistical measures that can use ETC Group historical prices to predict the future ETC Group's volatility.
Hype
Prediction
LowEstimatedHigh
10.8712.4414.01
Details
Intrinsic
Valuation
LowRealHigh
10.6212.1913.76
Details
Naive
Forecast
LowNextHigh
10.9012.4714.04
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.9512.1812.42
Details

ETC Group Global Backtested Returns

ETC Group appears to be not too volatile, given 3 months investment horizon. ETC Group Global retains Efficiency (Sharpe Ratio) of 0.14, which denotes the etf had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for ETC Group, which you can use to evaluate the volatility of the entity. Please utilize ETC Group's Market Risk Adjusted Performance of 0.2172, coefficient of variation of 746.45, and Downside Deviation of 2.01 to check if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of 0.95, which means possible diversification benefits within a given portfolio. ETC Group returns are very sensitive to returns on the market. As the market goes up or down, ETC Group is expected to follow.

Auto-correlation

    
  0.51  

Modest predictability

ETC Group Global has modest predictability. Overlapping area represents the amount of predictability between ETC Group time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 ETC Group Global price movement. The serial correlation of 0.51 indicates that about 51.0% of current ETC Group price fluctuation can be explain by its past prices.
Correlation Coefficient0.51
Spearman Rank Test0.58
Residual Average0.0
Price Variance0.04

ETC Group Global lagged returns against current returns

Autocorrelation, which is ETC Group 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 ETC Group's etf expected returns. We can calculate the autocorrelation of ETC Group returns to help us make a trade decision. For example, suppose you find that ETC Group 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  

ETC Group 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 ETC Group etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETC Group etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETC Group etf over time.
   Current vs Lagged Prices   
       Timeline  

ETC Group Lagged Returns

When evaluating ETC Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETC Group etf have on its future price. ETC Group 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, ETC Group autocorrelation shows the relationship between ETC Group etf current value and its past values and can show if there is a momentum factor associated with investing in ETC Group Global.
   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 ETC Etf

ETC Group financial ratios help investors to determine whether ETC 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 ETC with respect to the benefits of owning ETC Group security.