Clearshares Ocio Etf Market Value
| OCIO Etf | USD 33.33 0.14 0.42% |
| Symbol | ClearShares |
The market value of ClearShares OCIO ETF is measured differently than its book value, which is the value of ClearShares that is recorded on the company's balance sheet. Investors also form their own opinion of ClearShares OCIO's value that differs from its market value or its book value, called intrinsic value, which is ClearShares OCIO'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 ClearShares OCIO's market value can be influenced by many factors that don't directly affect ClearShares OCIO'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 ClearShares OCIO's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearShares OCIO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearShares OCIO'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.
ClearShares OCIO '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 ClearShares OCIO'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 ClearShares OCIO.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in ClearShares OCIO on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding ClearShares OCIO ETF or generate 0.0% return on investment in ClearShares OCIO over 90 days. ClearShares OCIO is related to or competes with ClearShares Ultra, Opus Small, and SPDR SSgA. The fund is expected to typically invest approximately 40 percent to 70 percent of its total assets in equity securities... More
ClearShares OCIO 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 ClearShares OCIO'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 ClearShares OCIO ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.082 | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 0.8764 |
ClearShares OCIO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ClearShares OCIO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ClearShares OCIO's standard deviation. In reality, there are many statistical measures that can use ClearShares OCIO historical prices to predict the future ClearShares OCIO's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0367 | |||
| Treynor Ratio | (0.14) |
ClearShares OCIO ETF Backtested Returns
ClearShares OCIO ETF secures Sharpe Ratio (or Efficiency) of -0.0838, which signifies that the etf had a -0.0838 % return per unit of standard deviation over the last 3 months. ClearShares OCIO ETF exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ClearShares OCIO's risk adjusted performance of (0.08), and Mean Deviation of 0.5269 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ClearShares OCIO's returns are expected to increase less than the market. However, during the bear market, the loss of holding ClearShares OCIO is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
ClearShares OCIO ETF has good reverse predictability. Overlapping area represents the amount of predictability between ClearShares OCIO time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th of March 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 ClearShares OCIO ETF price movement. The serial correlation of -0.52 indicates that about 52.0% of current ClearShares OCIO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
ClearShares OCIO ETF lagged returns against current returns
Autocorrelation, which is ClearShares OCIO 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 ClearShares OCIO's etf expected returns. We can calculate the autocorrelation of ClearShares OCIO returns to help us make a trade decision. For example, suppose you find that ClearShares OCIO 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 |
ClearShares OCIO 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 ClearShares OCIO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ClearShares OCIO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ClearShares OCIO etf over time.
Current vs Lagged Prices |
| Timeline |
ClearShares OCIO Lagged Returns
When evaluating ClearShares OCIO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ClearShares OCIO etf have on its future price. ClearShares OCIO 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, ClearShares OCIO autocorrelation shows the relationship between ClearShares OCIO etf current value and its past values and can show if there is a momentum factor associated with investing in ClearShares OCIO ETF.
Regressed Prices |
| Timeline |
When determining whether ClearShares OCIO ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ClearShares OCIO's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Clearshares Ocio Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Clearshares Ocio Etf:
Check out ClearShares OCIO Correlation, ClearShares OCIO Volatility and ClearShares OCIO Alpha and Beta module to complement your research on ClearShares OCIO. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
ClearShares OCIO 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.