ETFS ROBO (Australia) Market Value
| ROBO Etf | 76.81 0.11 0.14% |
| Symbol | ETFS |
ETFS ROBO '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 ETFS ROBO'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 ETFS ROBO.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in ETFS ROBO on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding ETFS ROBO Global or generate 0.0% return on investment in ETFS ROBO over 90 days. ETFS ROBO is related to or competes with Betashares Asia, BetaShares Australia, Australian High, and Vanguard Australian. ETFS ROBO is entity of Australia. It is traded as Etf on AU exchange. More
ETFS ROBO 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 ETFS ROBO'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 ETFS ROBO Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.41 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.6 |
ETFS ROBO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETFS ROBO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETFS ROBO's standard deviation. In reality, there are many statistical measures that can use ETFS ROBO historical prices to predict the future ETFS ROBO's volatility.| Risk Adjusted Performance | 0.0958 | |||
| Jensen Alpha | 0.0263 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1654 |
ETFS ROBO Global Backtested Returns
Currently, ETFS ROBO Global is very steady. ETFS ROBO Global secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the etf had a 0.12% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ETFS ROBO Global, which you can use to evaluate the volatility of the entity. Please confirm ETFS ROBO's downside deviation of 1.12, and Mean Deviation of 0.7392 to check if the risk estimate we provide is consistent with the expected return of 0.12%. The etf shows a Beta (market volatility) of 0.7, which means possible diversification benefits within a given portfolio. As returns on the market increase, ETFS ROBO's returns are expected to increase less than the market. However, during the bear market, the loss of holding ETFS ROBO is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
ETFS ROBO Global has very good predictability. Overlapping area represents the amount of predictability between ETFS ROBO time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 ETFS ROBO Global price movement. The serial correlation of 0.81 indicates that around 81.0% of current ETFS ROBO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 2.79 |
ETFS ROBO Global lagged returns against current returns
Autocorrelation, which is ETFS ROBO 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 ETFS ROBO's etf expected returns. We can calculate the autocorrelation of ETFS ROBO returns to help us make a trade decision. For example, suppose you find that ETFS ROBO 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 |
ETFS ROBO 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 ETFS ROBO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETFS ROBO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETFS ROBO etf over time.
Current vs Lagged Prices |
| Timeline |
ETFS ROBO Lagged Returns
When evaluating ETFS ROBO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETFS ROBO etf have on its future price. ETFS ROBO 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, ETFS ROBO autocorrelation shows the relationship between ETFS ROBO etf current value and its past values and can show if there is a momentum factor associated with investing in ETFS ROBO Global.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in ETFS Etf
ETFS ROBO financial ratios help investors to determine whether ETFS 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 ETFS with respect to the benefits of owning ETFS ROBO security.