Expat Macedonia's market value is the price at which a share of Expat Macedonia trades on a public exchange. It measures the collective expectations of Expat Macedonia Mbi10 investors about its performance. Expat Macedonia is trading at 2.49 as of the 16th of December 2024, a 0.40 percent increase since the beginning of the trading day. The etf's lowest day price was 2.49. With this module, you can estimate the performance of a buy and hold strategy of Expat Macedonia Mbi10 and determine expected loss or profit from investing in Expat Macedonia 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
Expat
Expat Macedonia '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 Expat Macedonia'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 Expat Macedonia.
0.00
11/16/2024
No Change 0.00
0.0
In 30 days
12/16/2024
0.00
If you would invest 0.00 in Expat Macedonia on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Expat Macedonia Mbi10 or generate 0.0% return on investment in Expat Macedonia over 30 days.
Expat Macedonia 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 Expat Macedonia'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 Expat Macedonia Mbi10 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 Expat Macedonia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Expat Macedonia's standard deviation. In reality, there are many statistical measures that can use Expat Macedonia historical prices to predict the future Expat Macedonia's volatility.
At this point, Expat Macedonia is not too volatile. Expat Macedonia Mbi10 secures Sharpe Ratio (or Efficiency) of 0.31, which denotes the etf had a 0.31% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Expat Macedonia Mbi10, which you can use to evaluate the volatility of the entity. Please confirm Expat Macedonia's Mean Deviation of 0.4069, coefficient of variation of 321.98, and Standard Deviation of 0.5431 to check if the risk estimate we provide is consistent with the expected return of 0.17%. The etf shows a Beta (market volatility) of -0.0366, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Expat Macedonia are expected to decrease at a much lower rate. During the bear market, Expat Macedonia is likely to outperform the market.
Auto-correlation
0.11
Insignificant predictability
Expat Macedonia Mbi10 has insignificant predictability. Overlapping area represents the amount of predictability between Expat Macedonia time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Expat Macedonia Mbi10 price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Expat Macedonia price fluctuation can be explain by its past prices.
Correlation Coefficient
0.11
Spearman Rank Test
0.25
Residual Average
0.0
Price Variance
0.0
Expat Macedonia Mbi10 lagged returns against current returns
Autocorrelation, which is Expat Macedonia 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 Expat Macedonia's etf expected returns. We can calculate the autocorrelation of Expat Macedonia returns to help us make a trade decision. For example, suppose you find that Expat Macedonia 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
Expat Macedonia 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 Expat Macedonia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Expat Macedonia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Expat Macedonia etf over time.
Current vs Lagged Prices
Timeline
Expat Macedonia Lagged Returns
When evaluating Expat Macedonia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Expat Macedonia etf have on its future price. Expat Macedonia 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, Expat Macedonia autocorrelation shows the relationship between Expat Macedonia etf current value and its past values and can show if there is a momentum factor associated with investing in Expat Macedonia Mbi10.
Regressed Prices
Timeline
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