Swisscanto (Switzerland) Market Value
| SIC Etf | CHF 191.50 2.00 1.03% |
| Symbol | Swisscanto |
Please note, there is a significant difference between Swisscanto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Swisscanto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Swisscanto'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.
Swisscanto '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 Swisscanto'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 Swisscanto.
| 01/06/2023 |
| 12/26/2024 |
If you would invest 0.00 in Swisscanto on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Swisscanto CH Real or generate 0.0% return on investment in Swisscanto over 720 days. Swisscanto is related to or competes with UBSFund Solutions, Vanguard, IShares VII, IShares Core, Lyxor Japan, IShares Core, and IShares SP. More
Swisscanto 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 Swisscanto'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 Swisscanto CH Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9524 | |||
| Information Ratio | 0.1351 | |||
| Maximum Drawdown | 4.37 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.54 |
Swisscanto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Swisscanto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Swisscanto's standard deviation. In reality, there are many statistical measures that can use Swisscanto historical prices to predict the future Swisscanto's volatility.| Risk Adjusted Performance | 0.1513 | |||
| Jensen Alpha | 0.1528 | |||
| Total Risk Alpha | 0.1112 | |||
| Sortino Ratio | 0.1184 | |||
| Treynor Ratio | (0.96) |
Swisscanto CH Real Backtested Returns
At this stage we consider Swisscanto Etf to be very steady. Swisscanto CH Real owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.098, which indicates the etf had a 0.098% return per unit of risk over the last 3 months. We have found thirty technical indicators for Swisscanto CH Real, which you can use to evaluate the volatility of the etf. Please validate Swisscanto's Semi Deviation of 0.564, coefficient of variation of 530.07, and Risk Adjusted Performance of 0.1513 to confirm if the risk estimate we provide is consistent with the expected return of 0.075%. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Swisscanto are expected to decrease at a much lower rate. During the bear market, Swisscanto is likely to outperform the market.
Auto-correlation | 0.36 |
Below average predictability
Swisscanto CH Real has below average predictability. Overlapping area represents the amount of predictability between Swisscanto time series from 6th of January 2023 to 1st of January 2024 and 1st of January 2024 to 26th 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 Swisscanto CH Real price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Swisscanto price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 103.57 |
Swisscanto CH Real lagged returns against current returns
Autocorrelation, which is Swisscanto 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 Swisscanto's etf expected returns. We can calculate the autocorrelation of Swisscanto returns to help us make a trade decision. For example, suppose you find that Swisscanto 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 |
Swisscanto 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 Swisscanto etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Swisscanto etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Swisscanto etf over time.
Current vs Lagged Prices |
| Timeline |
Swisscanto Lagged Returns
When evaluating Swisscanto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Swisscanto etf have on its future price. Swisscanto 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, Swisscanto autocorrelation shows the relationship between Swisscanto etf current value and its past values and can show if there is a momentum factor associated with investing in Swisscanto CH Real.
Regressed Prices |
| Timeline |
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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 Swisscanto Etf
Swisscanto financial ratios help investors to determine whether Swisscanto 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 Swisscanto with respect to the benefits of owning Swisscanto security.