1x Short Vix Etf Market Value
| SVIX Etf | USD 26.06 1.27 5.12% |
| Symbol | SVIX |
The market value of 1x Short VIX is measured differently than its book value, which is the value of SVIX that is recorded on the company's balance sheet. Investors also form their own opinion of 1x Short's value that differs from its market value or its book value, called intrinsic value, which is 1x Short'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 1x Short's market value can be influenced by many factors that don't directly affect 1x Short'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 1x Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if 1x Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1x Short'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.
1x Short '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 1x Short'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 1x Short.
| 10/11/2023 |
| 01/03/2025 |
If you would invest 0.00 in 1x Short on October 11, 2023 and sell it all today you would earn a total of 0.00 from holding 1x Short VIX or generate 0.0% return on investment in 1x Short over 450 days. 1x Short is related to or competes with Direxion Daily, Direxion Daily, Direxion Daily, Direxion Daily, and Direxion Daily. The index measures the daily inverse performance of a portfolio of first and second month VIX futures contracts More
1x Short 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 1x Short'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 1x Short VIX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 26.11 | |||
| Value At Risk | (7.45) | |||
| Potential Upside | 5.2 |
1x Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1x Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1x Short's standard deviation. In reality, there are many statistical measures that can use 1x Short historical prices to predict the future 1x Short's volatility.| Risk Adjusted Performance | 0.0023 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.16) |
1x Short VIX Backtested Returns
1x Short appears to be not too volatile, given 3 months investment horizon. 1x Short VIX secures Sharpe Ratio (or Efficiency) of 0.0669, which signifies that the etf had a 0.0669% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for 1x Short VIX, which you can use to evaluate the volatility of the entity. Please makes use of 1x Short's Mean Deviation of 3.06, coefficient of variation of (13,631), and Variance of 20.02 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 1x Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding 1x Short is expected to be smaller as well.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
1x Short VIX has almost perfect reverse predictability. Overlapping area represents the amount of predictability between 1x Short time series from 11th of October 2023 to 23rd of May 2024 and 23rd of May 2024 to 3rd of January 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 1x Short VIX price movement. The serial correlation of -0.79 indicates that around 79.0% of current 1x Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 89.57 |
1x Short VIX lagged returns against current returns
Autocorrelation, which is 1x Short 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 1x Short's etf expected returns. We can calculate the autocorrelation of 1x Short returns to help us make a trade decision. For example, suppose you find that 1x Short 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 |
1x Short 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 1x Short etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1x Short etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1x Short etf over time.
Current vs Lagged Prices |
| Timeline |
1x Short Lagged Returns
When evaluating 1x Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1x Short etf have on its future price. 1x Short 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, 1x Short autocorrelation shows the relationship between 1x Short etf current value and its past values and can show if there is a momentum factor associated with investing in 1x Short VIX.
Regressed Prices |
| Timeline |
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Check out 1x Short Correlation, 1x Short Volatility and 1x Short Alpha and Beta module to complement your research on 1x Short. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
1x Short 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.