Clough Global Opportunities Etf Market Value
| XGLOX Etf | USD 5.63 0.08 1.44% |
| Symbol | Clough |
The market value of Clough Global Opport is measured differently than its book value, which is the value of Clough that is recorded on the company's balance sheet. Investors also form their own opinion of Clough Global's value that differs from its market value or its book value, called intrinsic value, which is Clough Global'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 Clough Global's market value can be influenced by many factors that don't directly affect Clough Global'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 Clough Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clough Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clough Global'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.
Clough Global '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 Clough Global'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 Clough Global.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Clough Global on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Clough Global Opportunities or generate 0.0% return on investment in Clough Global over 90 days. Clough Global is related to or competes with RiverNorthDoubleLine, FT Vest, Zillow Group, Northern Lights, and VanEck Vectors. Clough Global is entity of United States More
Clough Global 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 Clough Global'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 Clough Global Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.42 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.34 |
Clough Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clough Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clough Global's standard deviation. In reality, there are many statistical measures that can use Clough Global historical prices to predict the future Clough Global's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.30) |
Clough Global Opport Backtested Returns
Clough Global Opport secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the etf had a -0.14 % return per unit of risk over the last 3 months. Clough Global Opportunities exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clough Global's Mean Deviation of 0.6942, standard deviation of 0.9024, and Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clough Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clough Global is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
Clough Global Opportunities has poor reverse predictability. Overlapping area represents the amount of predictability between Clough Global 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 Clough Global Opport price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Clough Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Clough Global Opport lagged returns against current returns
Autocorrelation, which is Clough Global 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 Clough Global's etf expected returns. We can calculate the autocorrelation of Clough Global returns to help us make a trade decision. For example, suppose you find that Clough Global 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 |
Clough Global 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 Clough Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clough Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clough Global etf over time.
Current vs Lagged Prices |
| Timeline |
Clough Global Lagged Returns
When evaluating Clough Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clough Global etf have on its future price. Clough Global 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, Clough Global autocorrelation shows the relationship between Clough Global etf current value and its past values and can show if there is a momentum factor associated with investing in Clough Global Opportunities.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Clough Etf
Clough Global financial ratios help investors to determine whether Clough 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 Clough with respect to the benefits of owning Clough Global security.