NewFunds Shariah's market value is the price at which a share of NewFunds Shariah trades on a public exchange. It measures the collective expectations of NewFunds Shariah Top investors about its performance. NewFunds Shariah is trading at 356.00 as of the 17th of December 2024, a 1.11 percent decrease since the beginning of the trading day. The etf's open price was 360.0. With this module, you can estimate the performance of a buy and hold strategy of NewFunds Shariah Top and determine expected loss or profit from investing in NewFunds Shariah over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.
Symbol
NewFunds
NewFunds Shariah '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 NewFunds Shariah'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 NewFunds Shariah.
0.00
11/17/2024
No Change 0.00
0.0
In 31 days
12/17/2024
0.00
If you would invest 0.00 in NewFunds Shariah on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding NewFunds Shariah Top or generate 0.0% return on investment in NewFunds Shariah over 30 days.
NewFunds Shariah 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 NewFunds Shariah'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 NewFunds Shariah Top upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewFunds Shariah's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NewFunds Shariah's standard deviation. In reality, there are many statistical measures that can use NewFunds Shariah historical prices to predict the future NewFunds Shariah's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NewFunds Shariah. Your research has to be compared to or analyzed against NewFunds Shariah's peers to derive any actionable benefits. When done correctly, NewFunds Shariah's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NewFunds Shariah Top.
NewFunds Shariah Top Backtested Returns
NewFunds Shariah Top has Sharpe Ratio of -0.0134, which conveys that the entity had a -0.0134% return per unit of risk over the last 3 months. NewFunds Shariah exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NewFunds Shariah's Risk Adjusted Performance of 0.0159, downside deviation of 1.42, and Mean Deviation of 0.9024 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NewFunds Shariah are expected to decrease at a much lower rate. During the bear market, NewFunds Shariah is likely to outperform the market.
Auto-correlation
-0.17
Insignificant reverse predictability
NewFunds Shariah Top has insignificant reverse predictability. Overlapping area represents the amount of predictability between NewFunds Shariah time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 NewFunds Shariah Top price movement. The serial correlation of -0.17 indicates that over 17.0% of current NewFunds Shariah price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.17
Spearman Rank Test
-0.01
Residual Average
0.0
Price Variance
4.51
NewFunds Shariah Top lagged returns against current returns
Autocorrelation, which is NewFunds Shariah 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 NewFunds Shariah's etf expected returns. We can calculate the autocorrelation of NewFunds Shariah returns to help us make a trade decision. For example, suppose you find that NewFunds Shariah 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
NewFunds Shariah 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 NewFunds Shariah etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NewFunds Shariah etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NewFunds Shariah etf over time.
Current vs Lagged Prices
Timeline
NewFunds Shariah Lagged Returns
When evaluating NewFunds Shariah's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NewFunds Shariah etf have on its future price. NewFunds Shariah 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, NewFunds Shariah autocorrelation shows the relationship between NewFunds Shariah etf current value and its past values and can show if there is a momentum factor associated with investing in NewFunds Shariah Top.
Regressed Prices
Timeline
Also Currently Popular
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.