Max S P Etf Market Value

SPYU Etf   36.23  2.68  7.99%   
MAX S's market value is the price at which a share of MAX S trades on a public exchange. It measures the collective expectations of MAX S P investors about its performance. MAX S is selling for under 36.23 as of the 16th of March 2025; that is 7.99% increase since the beginning of the trading day. The etf's last reported lowest price was 34.46.
With this module, you can estimate the performance of a buy and hold strategy of MAX S P and determine expected loss or profit from investing in MAX S over a given investment horizon. Check out MAX S Correlation, MAX S Volatility and MAX S Alpha and Beta module to complement your research on MAX S.
Symbol

The market value of MAX S P is measured differently than its book value, which is the value of MAX that is recorded on the company's balance sheet. Investors also form their own opinion of MAX S's value that differs from its market value or its book value, called intrinsic value, which is MAX S'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 MAX S's market value can be influenced by many factors that don't directly affect MAX S'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 MAX S's value and its price as these two are different measures arrived at by different means. Investors typically determine if MAX S is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MAX S'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.

MAX S '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 MAX S'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 MAX S.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
If you would invest  0.00  in MAX S on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding MAX S P or generate 0.0% return on investment in MAX S over 90 days. MAX S is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. MAX S is entity of United States. It is traded as Etf on NYSE ARCA exchange. More

MAX S 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 MAX S'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 MAX S P upside and downside potential and time the market with a certain degree of confidence.

MAX S Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for MAX S's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAX S's standard deviation. In reality, there are many statistical measures that can use MAX S historical prices to predict the future MAX S's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MAX S's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
32.1536.2340.31
Details
Intrinsic
Valuation
LowRealHigh
30.8634.9439.02
Details
Naive
Forecast
LowNextHigh
30.1834.2638.34
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
34.5045.2956.08
Details

MAX S P Backtested Returns

MAX S P has Sharpe Ratio of -0.14, which conveys that the etf had a -0.14 % return per unit of standard deviation over the last 3 months. MAX S exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MAX S's mean deviation of 3.11, and Standard Deviation of 3.96 to check out the risk estimate we provide. The entity secures a Beta (Market Risk) of 3.26, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MAX S will likely underperform.

Auto-correlation

    
  -0.32  

Poor reverse predictability

MAX S P has poor reverse predictability. Overlapping area represents the amount of predictability between MAX S time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 MAX S P price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current MAX S price fluctuation can be explain by its past prices.
Correlation Coefficient-0.32
Spearman Rank Test-0.14
Residual Average0.0
Price Variance34.21

MAX S P lagged returns against current returns

Autocorrelation, which is MAX S 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 MAX S's etf expected returns. We can calculate the autocorrelation of MAX S returns to help us make a trade decision. For example, suppose you find that MAX S 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  

MAX S 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 MAX S etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAX S etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAX S etf over time.
   Current vs Lagged Prices   
       Timeline  

MAX S Lagged Returns

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  
When determining whether MAX S P is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MAX Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Max S P Etf. Highlighted below are key reports to facilitate an investment decision about Max S P Etf:
Check out MAX S Correlation, MAX S Volatility and MAX S Alpha and Beta module to complement your research on MAX S.
You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
MAX S 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.
A focus of MAX S technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MAX S trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...