LG Clean (Switzerland) Market Value
| RENW Etf | CHF 8.00 0.08 1.01% |
| Symbol | RENW |
Please note, there is a significant difference between LG Clean's value and its price as these two are different measures arrived at by different means. Investors typically determine if LG Clean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LG Clean'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.
LG Clean '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 LG Clean'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 LG Clean.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in LG Clean on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding LG Clean Energy or generate 0.0% return on investment in LG Clean over 30 days. LG Clean is related to or competes with UBSFund Solutions, Vanguard, IShares VII, IShares Core, Lyxor Japan, IShares Core, and IShares SP. More
LG Clean 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 LG Clean'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 LG Clean Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.83 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 1.73 |
LG Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Clean's standard deviation. In reality, there are many statistical measures that can use LG Clean historical prices to predict the future LG Clean's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 3.77 |
LG Clean Energy Backtested Returns
LG Clean Energy retains Efficiency (Sharpe Ratio) of -0.14, which conveys that the entity had a -0.14% return per unit of price deviation over the last 3 months. LG Clean exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LG Clean's Information Ratio of (0.15), mean deviation of 0.8624, and Market Risk Adjusted Performance of 3.78 to check out the risk estimate we provide. The etf owns a Beta (Systematic Risk) of -0.0363, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LG Clean are expected to decrease at a much lower rate. During the bear market, LG Clean is likely to outperform the market.
Auto-correlation | 0.47 |
Average predictability
LG Clean Energy has average predictability. Overlapping area represents the amount of predictability between LG Clean time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 LG Clean Energy price movement. The serial correlation of 0.47 indicates that about 47.0% of current LG Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
LG Clean Energy lagged returns against current returns
Autocorrelation, which is LG Clean 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 LG Clean's etf expected returns. We can calculate the autocorrelation of LG Clean returns to help us make a trade decision. For example, suppose you find that LG Clean 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 |
LG Clean 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 LG Clean etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Clean etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Clean etf over time.
Current vs Lagged Prices |
| Timeline |
LG Clean Lagged Returns
When evaluating LG Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Clean etf have on its future price. LG Clean 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, LG Clean autocorrelation shows the relationship between LG Clean etf current value and its past values and can show if there is a momentum factor associated with investing in LG Clean Energy.
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.Other Information on Investing in RENW Etf
LG Clean financial ratios help investors to determine whether RENW Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RENW with respect to the benefits of owning LG Clean security.