Fis Christian Stock Etf Market Value
| PRAY Etf | USD 30.05 0.08 0.27% |
| Symbol | FIS |
The market value of FIS Christian Stock is measured differently than its book value, which is the value of FIS that is recorded on the company's balance sheet. Investors also form their own opinion of FIS Christian's value that differs from its market value or its book value, called intrinsic value, which is FIS Christian'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 FIS Christian's market value can be influenced by many factors that don't directly affect FIS Christian'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 FIS Christian's value and its price as these two are different measures arrived at by different means. Investors typically determine if FIS Christian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FIS Christian'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.
FIS Christian '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 FIS Christian'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 FIS Christian.
| 11/02/2023 |
| 01/25/2025 |
If you would invest 0.00 in FIS Christian on November 2, 2023 and sell it all today you would earn a total of 0.00 from holding FIS Christian Stock or generate 0.0% return on investment in FIS Christian over 450 days. FIS Christian is related to or competes with SHP ETF, IQ Global, Northern Lights, and Inspire Global. Under normal circumstances, the fund invests in equity securities, including common stock and American Depositary Receip... More
FIS Christian 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 FIS Christian'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 FIS Christian Stock upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.29 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.14 |
FIS Christian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIS Christian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIS Christian's standard deviation. In reality, there are many statistical measures that can use FIS Christian historical prices to predict the future FIS Christian's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.07) |
FIS Christian Stock Backtested Returns
At this stage we consider FIS Etf to be very steady. FIS Christian Stock secures Sharpe Ratio (or Efficiency) of 0.0185, which denotes the etf had a 0.0185 % return per unit of volatility over the last 3 months. We have found twenty-two technical indicators for FIS Christian Stock, which you can use to evaluate the volatility of the entity. Please confirm FIS Christian's Market Risk Adjusted Performance of (0.06), mean deviation of 0.5962, and Standard Deviation of 0.7801 to check if the risk estimate we provide is consistent with the expected return of 0.0149%. The etf shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, FIS Christian's returns are expected to increase less than the market. However, during the bear market, the loss of holding FIS Christian is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
FIS Christian Stock has good predictability. Overlapping area represents the amount of predictability between FIS Christian time series from 2nd of November 2023 to 14th of June 2024 and 14th of June 2024 to 25th 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 FIS Christian Stock price movement. The serial correlation of 0.76 indicates that around 76.0% of current FIS Christian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
FIS Christian Stock lagged returns against current returns
Autocorrelation, which is FIS Christian 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 FIS Christian's etf expected returns. We can calculate the autocorrelation of FIS Christian returns to help us make a trade decision. For example, suppose you find that FIS Christian 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 |
FIS Christian 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 FIS Christian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIS Christian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIS Christian etf over time.
Current vs Lagged Prices |
| Timeline |
FIS Christian Lagged Returns
When evaluating FIS Christian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIS Christian etf have on its future price. FIS Christian 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, FIS Christian autocorrelation shows the relationship between FIS Christian etf current value and its past values and can show if there is a momentum factor associated with investing in FIS Christian Stock.
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.When determining whether FIS Christian Stock offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FIS Christian'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 Fis Christian Stock Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fis Christian Stock Etf:Check out FIS Christian Correlation, FIS Christian Volatility and FIS Christian Alpha and Beta module to complement your research on FIS Christian. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
FIS Christian 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.