It Now's market value is the price at which a share of It Now trades on a public exchange. It measures the collective expectations of It Now Msci investors about its performance. It Now is trading at 80.17 as of the 23rd of January 2025, a 0.47 percent decrease since the beginning of the trading day. The etf's open price was 80.55. With this module, you can estimate the performance of a buy and hold strategy of It Now Msci and determine expected loss or profit from investing in It Now over a given investment horizon. Check out Correlation Analysis 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
MILL11
It Now '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 It Now'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 It Now.
0.00
12/24/2024
No Change 0.00
0.0
In 31 days
01/23/2025
0.00
If you would invest 0.00 in It Now on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding It Now Msci or generate 0.0% return on investment in It Now over 30 days.
It Now 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 It Now'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 It Now Msci 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 It Now's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as It Now's standard deviation. In reality, there are many statistical measures that can use It Now historical prices to predict the future It Now's volatility.
It Now appears to be not too volatile, given 3 months investment horizon. It Now Msci retains Efficiency (Sharpe Ratio) of 0.14, which attests that the entity had a 0.14 % return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for It Now, which you can use to evaluate the volatility of the entity. Please utilize It Now's Market Risk Adjusted Performance of 1.65, standard deviation of 1.49, and Semi Deviation of 1.16 to validate if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, It Now's returns are expected to increase less than the market. However, during the bear market, the loss of holding It Now is expected to be smaller as well.
Auto-correlation
0.28
Poor predictability
It Now Msci has poor predictability. Overlapping area represents the amount of predictability between It Now time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd 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 It Now Msci price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current It Now price fluctuation can be explain by its past prices.
Correlation Coefficient
0.28
Spearman Rank Test
-0.02
Residual Average
0.0
Price Variance
0.57
It Now Msci lagged returns against current returns
Autocorrelation, which is It Now 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 It Now's etf expected returns. We can calculate the autocorrelation of It Now returns to help us make a trade decision. For example, suppose you find that It Now 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
It Now 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 It Now etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if It Now etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in It Now etf over time.
Current vs Lagged Prices
Timeline
It Now Lagged Returns
When evaluating It Now's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of It Now etf have on its future price. It Now 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, It Now autocorrelation shows the relationship between It Now etf current value and its past values and can show if there is a momentum factor associated with investing in It Now Msci.
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.