ETC Group (UK) Market Value
| METR Etf | 12.48 0.08 0.65% |
| Symbol | ETC |
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.
| 12/16/2022 |
| 12/05/2024 |
If you would invest 0.00 in ETC Group on December 16, 2022 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 720 days. ETC Group is related to or competes with Vanguard FTSE, Leverage Shares, Amundi Index, Amundi Index, Albion Venture, Leverage Shares, and Leverage Shares. 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.
| Downside Deviation | 2.06 | |||
| Information Ratio | 0.0456 | |||
| Maximum Drawdown | 7.27 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.94 |
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.| Risk Adjusted Performance | 0.1091 | |||
| Jensen Alpha | 0.2185 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0341 | |||
| Treynor Ratio | (2.48) |
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 twenty-seven 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 (2.47), downside deviation of 2.06, and Coefficient Of Variation of 711.49 to check if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of -0.0836, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ETC Group are expected to decrease at a much lower rate. During the bear market, ETC Group is likely to outperform the market.
Auto-correlation | 0.80 |
Very good predictability
ETC Group Global has very good predictability. Overlapping area represents the amount of predictability between ETC Group time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 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 0.8 indicates that around 80.0% of current ETC Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
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.