ETFS Ultra (Australia) Market Value

SNAS Etf   24.98  1.37  5.80%   
ETFS Ultra's market value is the price at which a share of ETFS Ultra trades on a public exchange. It measures the collective expectations of ETFS Ultra Short investors about its performance. ETFS Ultra is selling for under 24.98 as of the 1st of March 2025; that is 5.80 percent increase since the beginning of the trading day. The etf's last reported lowest price was 24.84.
With this module, you can estimate the performance of a buy and hold strategy of ETFS Ultra Short and determine expected loss or profit from investing in ETFS Ultra over a given investment horizon. Check out ETFS Ultra Correlation, ETFS Ultra Volatility and ETFS Ultra Alpha and Beta module to complement your research on ETFS Ultra.
Symbol

Please note, there is a significant difference between ETFS Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETFS Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETFS Ultra'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.

ETFS Ultra '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 Ultra'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 Ultra.
0.00
03/12/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/01/2025
0.00
If you would invest  0.00  in ETFS Ultra on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding ETFS Ultra Short or generate 0.0% return on investment in ETFS Ultra over 720 days. ETFS Ultra is related to or competes with ETFS Battery, and ETFS ROBO. ETFS Ultra is entity of Australia. It is traded as Etf on AU exchange. More

ETFS Ultra 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 Ultra'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 Ultra Short upside and downside potential and time the market with a certain degree of confidence.

ETFS Ultra Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ETFS Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETFS Ultra's standard deviation. In reality, there are many statistical measures that can use ETFS Ultra historical prices to predict the future ETFS Ultra's volatility.
Hype
Prediction
LowEstimatedHigh
22.0724.9827.89
Details
Intrinsic
Valuation
LowRealHigh
19.6622.5725.48
Details
Naive
Forecast
LowNextHigh
23.0926.0028.91
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.2422.3824.53
Details

ETFS Ultra Short Backtested Returns

Currently, ETFS Ultra Short is not too volatile. ETFS Ultra Short secures Sharpe Ratio (or Efficiency) of 0.0313, which denotes the etf had a 0.0313 % return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ETFS Ultra Short, which you can use to evaluate the volatility of the entity. Please confirm ETFS Ultra's mean deviation of 2.08, and Downside Deviation of 2.36 to check if the risk estimate we provide is consistent with the expected return of 0.091%. The etf shows a Beta (market volatility) of -0.61, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ETFS Ultra are expected to decrease at a much lower rate. During the bear market, ETFS Ultra is likely to outperform the market.

Auto-correlation

    
  -0.66  

Very good reverse predictability

ETFS Ultra Short has very good reverse predictability. Overlapping area represents the amount of predictability between ETFS Ultra time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st of March 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 ETFS Ultra Short price movement. The serial correlation of -0.66 indicates that around 66.0% of current ETFS Ultra price fluctuation can be explain by its past prices.
Correlation Coefficient-0.66
Spearman Rank Test-0.29
Residual Average0.0
Price Variance94.46

ETFS Ultra Short lagged returns against current returns

Autocorrelation, which is ETFS Ultra 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 Ultra's etf expected returns. We can calculate the autocorrelation of ETFS Ultra returns to help us make a trade decision. For example, suppose you find that ETFS Ultra 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 Ultra 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 Ultra etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETFS Ultra etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETFS Ultra etf over time.
   Current vs Lagged Prices   
       Timeline  

ETFS Ultra Lagged Returns

When evaluating ETFS Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETFS Ultra etf have on its future price. ETFS Ultra 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 Ultra autocorrelation shows the relationship between ETFS Ultra etf current value and its past values and can show if there is a momentum factor associated with investing in ETFS Ultra Short.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Other Information on Investing in ETFS Etf

ETFS Ultra 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 Ultra security.