Oshares Global Internet Etf Market Value
| OGIG Etf | USD 47.64 0.46 0.97% |
| Symbol | OShares |
The market value of OShares Global Internet is measured differently than its book value, which is the value of OShares that is recorded on the company's balance sheet. Investors also form their own opinion of OShares Global's value that differs from its market value or its book value, called intrinsic value, which is OShares Global'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 OShares Global's market value can be influenced by many factors that don't directly affect OShares Global'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 OShares Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if OShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OShares Global'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.
OShares Global '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 OShares Global'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 OShares Global.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in OShares Global on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding OShares Global Internet or generate 0.0% return on investment in OShares Global over 30 days. OShares Global is related to or competes with Technology Select, Financial Select, Consumer Discretionary, and Industrial Select. Under normal market conditions, the fund will invest at least 80 percent of its total assets in the components of the un... More
OShares Global 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 OShares Global'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 OShares Global Internet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.161 | |||
| Maximum Drawdown | 7.79 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.89 |
OShares Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OShares Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OShares Global's standard deviation. In reality, there are many statistical measures that can use OShares Global historical prices to predict the future OShares Global's volatility.| Risk Adjusted Performance | 0.1529 | |||
| Jensen Alpha | 0.2145 | |||
| Total Risk Alpha | 0.1812 | |||
| Sortino Ratio | 0.1397 | |||
| Treynor Ratio | 2.89 |
OShares Global Internet Backtested Returns
OShares Global appears to be very steady, given 3 months investment horizon. OShares Global Internet maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for OShares Global Internet, which you can use to evaluate the volatility of the etf. Please evaluate OShares Global's Semi Deviation of 1.13, risk adjusted performance of 0.1529, and Coefficient Of Variation of 530.0 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of 0.0749, which implies not very significant fluctuations relative to the market. As returns on the market increase, OShares Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding OShares Global is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
OShares Global Internet has almost perfect reverse predictability. Overlapping area represents the amount of predictability between OShares Global time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 OShares Global Internet price movement. The serial correlation of -0.74 indicates that around 74.0% of current OShares Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
OShares Global Internet lagged returns against current returns
Autocorrelation, which is OShares Global 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 OShares Global's etf expected returns. We can calculate the autocorrelation of OShares Global returns to help us make a trade decision. For example, suppose you find that OShares Global 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 |
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OShares Global 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 OShares Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OShares Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OShares Global etf over time.
Current vs Lagged Prices |
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OShares Global Lagged Returns
When evaluating OShares Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OShares Global etf have on its future price. OShares Global 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, OShares Global autocorrelation shows the relationship between OShares Global etf current value and its past values and can show if there is a momentum factor associated with investing in OShares Global Internet.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether OShares Global Internet is a strong investment it is important to analyze OShares Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact OShares Global's future performance. For an informed investment choice regarding OShares Etf, refer to the following important reports:Check out OShares Global Correlation, OShares Global Volatility and OShares Global Alpha and Beta module to complement your research on OShares Global. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
OShares Global 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.