Guinness Atkinson Funds Etf Market Value
| SOLR Etf | USD 24.46 0.49 2.04% |
| Symbol | Guinness |
The market value of Guinness Atkinson Funds is measured differently than its book value, which is the value of Guinness that is recorded on the company's balance sheet. Investors also form their own opinion of Guinness Atkinson's value that differs from its market value or its book value, called intrinsic value, which is Guinness Atkinson'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 Guinness Atkinson's market value can be influenced by many factors that don't directly affect Guinness Atkinson'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 Guinness Atkinson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guinness Atkinson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guinness Atkinson'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.
Guinness Atkinson '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 Guinness Atkinson'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 Guinness Atkinson.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Guinness Atkinson on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Guinness Atkinson Funds or generate 0.0% return on investment in Guinness Atkinson over 90 days. Guinness Atkinson is related to or competes with Energy Select, Vanguard Energy, SPDR SP, VanEck Oil, IShares Energy, IShares Global, and First Trust. The fund invests, under normal conditions, at least 80 percent of its net assets in publicly-traded equity securities of... More
Guinness Atkinson 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 Guinness Atkinson'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 Guinness Atkinson Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.36 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 1.4 |
Guinness Atkinson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guinness Atkinson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guinness Atkinson's standard deviation. In reality, there are many statistical measures that can use Guinness Atkinson historical prices to predict the future Guinness Atkinson's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.0238 | |||
| Treynor Ratio | (0.19) |
Guinness Atkinson Funds Backtested Returns
Guinness Atkinson Funds holds Efficiency (Sharpe) Ratio of -0.0509, which attests that the entity had a -0.0509 % return per unit of risk over the last 3 months. Guinness Atkinson Funds exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guinness Atkinson's Standard Deviation of 1.2, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of (0.18) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guinness Atkinson's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guinness Atkinson is expected to be smaller as well.
Auto-correlation | 0.06 |
Virtually no predictability
Guinness Atkinson Funds has virtually no predictability. Overlapping area represents the amount of predictability between Guinness Atkinson time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Guinness Atkinson Funds price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Guinness Atkinson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Guinness Atkinson Funds lagged returns against current returns
Autocorrelation, which is Guinness Atkinson 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 Guinness Atkinson's etf expected returns. We can calculate the autocorrelation of Guinness Atkinson returns to help us make a trade decision. For example, suppose you find that Guinness Atkinson 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 |
Guinness Atkinson 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 Guinness Atkinson etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guinness Atkinson etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guinness Atkinson etf over time.
Current vs Lagged Prices |
| Timeline |
Guinness Atkinson Lagged Returns
When evaluating Guinness Atkinson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guinness Atkinson etf have on its future price. Guinness Atkinson 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, Guinness Atkinson autocorrelation shows the relationship between Guinness Atkinson etf current value and its past values and can show if there is a momentum factor associated with investing in Guinness Atkinson Funds.
Regressed Prices |
| Timeline |
Pair Trading with Guinness Atkinson
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 Guinness Atkinson 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 Guinness Atkinson will appreciate offsetting losses from the drop in the long position's value.Moving against Guinness Etf
The ability to find closely correlated positions to Guinness Atkinson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guinness Atkinson 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 Guinness Atkinson - 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 Guinness Atkinson Funds to buy it.
The correlation of Guinness Atkinson 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 Guinness Atkinson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guinness Atkinson Funds 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 Guinness Atkinson 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 Guinness Atkinson Correlation, Guinness Atkinson Volatility and Guinness Atkinson Alpha and Beta module to complement your research on Guinness Atkinson. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Guinness Atkinson 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.