Sei Exchange Traded Etf Market Value
| SEIQ Etf | USD 35.47 0.28 0.80% |
| Symbol | SEI |
The market value of SEI Exchange Traded is measured differently than its book value, which is the value of SEI that is recorded on the company's balance sheet. Investors also form their own opinion of SEI Exchange's value that differs from its market value or its book value, called intrinsic value, which is SEI Exchange'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 SEI Exchange's market value can be influenced by many factors that don't directly affect SEI Exchange'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 SEI Exchange's value and its price as these two are different measures arrived at by different means. Investors typically determine if SEI Exchange is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SEI Exchange'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.
SEI Exchange '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 SEI Exchange'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 SEI Exchange.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in SEI Exchange on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding SEI Exchange Traded or generate 0.0% return on investment in SEI Exchange over 30 days. SEI Exchange is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Dividend, Vanguard Large, Invesco SP, and IShares ESG. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity and equity-related secu... More
SEI Exchange 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 SEI Exchange'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 SEI Exchange Traded upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7704 | |||
| Information Ratio | 0.0168 | |||
| Maximum Drawdown | 4.24 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 0.9403 |
SEI Exchange Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SEI Exchange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SEI Exchange's standard deviation. In reality, there are many statistical measures that can use SEI Exchange historical prices to predict the future SEI Exchange's volatility.| Risk Adjusted Performance | 0.0499 | |||
| Jensen Alpha | 0.0189 | |||
| Total Risk Alpha | 0.0148 | |||
| Sortino Ratio | 0.0144 | |||
| Treynor Ratio | 0.0514 |
SEI Exchange Traded Backtested Returns
Currently, SEI Exchange Traded is very steady. SEI Exchange Traded owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0662, which indicates the etf had a 0.0662% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SEI Exchange Traded, which you can use to evaluate the volatility of the etf. Please validate SEI Exchange's risk adjusted performance of 0.0499, and Coefficient Of Variation of 1526.74 to confirm if the risk estimate we provide is consistent with the expected return of 0.0439%. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SEI Exchange's returns are expected to increase less than the market. However, during the bear market, the loss of holding SEI Exchange is expected to be smaller as well.
Auto-correlation | -0.68 |
Very good reverse predictability
SEI Exchange Traded has very good reverse predictability. Overlapping area represents the amount of predictability between SEI Exchange time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 SEI Exchange Traded price movement. The serial correlation of -0.68 indicates that around 68.0% of current SEI Exchange price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
SEI Exchange Traded lagged returns against current returns
Autocorrelation, which is SEI Exchange 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 SEI Exchange's etf expected returns. We can calculate the autocorrelation of SEI Exchange returns to help us make a trade decision. For example, suppose you find that SEI Exchange 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 |
SEI Exchange 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 SEI Exchange etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SEI Exchange etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SEI Exchange etf over time.
Current vs Lagged Prices |
| Timeline |
SEI Exchange Lagged Returns
When evaluating SEI Exchange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SEI Exchange etf have on its future price. SEI Exchange 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, SEI Exchange autocorrelation shows the relationship between SEI Exchange etf current value and its past values and can show if there is a momentum factor associated with investing in SEI Exchange Traded.
Regressed Prices |
| Timeline |
Pair Trading with SEI Exchange
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SEI Exchange position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SEI Exchange will appreciate offsetting losses from the drop in the long position's value.Moving together with SEI Etf
| 0.99 | VTI | Vanguard Total Stock | PairCorr |
| 0.99 | SPY | SPDR SP 500 | PairCorr |
| 0.98 | IVV | iShares Core SP | PairCorr |
| 0.86 | VIG | Vanguard Dividend | PairCorr |
| 0.98 | VV | Vanguard Large Cap | PairCorr |
Moving against SEI Etf
The ability to find closely correlated positions to SEI Exchange could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SEI Exchange when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SEI Exchange - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SEI Exchange Traded to buy it.
The correlation of SEI Exchange is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SEI Exchange moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SEI Exchange Traded moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SEI Exchange can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out SEI Exchange Correlation, SEI Exchange Volatility and SEI Exchange Alpha and Beta module to complement your research on SEI Exchange. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
SEI Exchange 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.