Industrial Select Sector Etf Market Value
| XLI Etf | USD 131.13 2.35 1.82% |
| Symbol | Industrial |
The market value of Industrial Select Sector is measured differently than its book value, which is the value of Industrial that is recorded on the company's balance sheet. Investors also form their own opinion of Industrial Select's value that differs from its market value or its book value, called intrinsic value, which is Industrial Select'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 Industrial Select's market value can be influenced by many factors that don't directly affect Industrial Select'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 Industrial Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Industrial Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Industrial Select'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.
Industrial Select '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 Industrial Select'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 Industrial Select.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Industrial Select on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Industrial Select Sector or generate 0.0% return on investment in Industrial Select over 90 days. Industrial Select is related to or competes with Materials Select, Consumer Discretionary, Consumer Staples, Health Care, and Utilities Select. Under normal market conditions, the fund generally invests substantially all, but at least 95, of its total assets in th... More
Industrial Select 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 Industrial Select'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 Industrial Select Sector upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0084 | |||
| Maximum Drawdown | 4.25 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.21 |
Industrial Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Industrial Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Industrial Select's standard deviation. In reality, there are many statistical measures that can use Industrial Select historical prices to predict the future Industrial Select's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0236 | |||
| Treynor Ratio | (0.18) |
Industrial Select Sector Backtested Returns
Industrial Select Sector holds Efficiency (Sharpe) Ratio of -0.0658, which attests that the entity had a -0.0658 % return per unit of risk over the last 3 months. Industrial Select Sector exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Industrial Select's Risk Adjusted Performance of (0.11), market risk adjusted performance of (0.17), and Standard Deviation of 0.9379 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Industrial Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Industrial Select is expected to be smaller as well.
Auto-correlation | -0.69 |
Very good reverse predictability
Industrial Select Sector has very good reverse predictability. Overlapping area represents the amount of predictability between Industrial Select time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Industrial Select Sector price movement. The serial correlation of -0.69 indicates that around 69.0% of current Industrial Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 5.71 |
Industrial Select Sector lagged returns against current returns
Autocorrelation, which is Industrial Select 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 Industrial Select's etf expected returns. We can calculate the autocorrelation of Industrial Select returns to help us make a trade decision. For example, suppose you find that Industrial Select 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 |
Industrial Select 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 Industrial Select etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Industrial Select etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Industrial Select etf over time.
Current vs Lagged Prices |
| Timeline |
Industrial Select Lagged Returns
When evaluating Industrial Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Industrial Select etf have on its future price. Industrial Select 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, Industrial Select autocorrelation shows the relationship between Industrial Select etf current value and its past values and can show if there is a momentum factor associated with investing in Industrial Select Sector.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Industrial Select Sector offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Industrial Select's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Industrial Select Sector Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Industrial Select Sector Etf:Check out Industrial Select Correlation, Industrial Select Volatility and Industrial Select Alpha and Beta module to complement your research on Industrial Select. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Industrial Select 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.