Utilities Select Sector Etf Market Value
| XLU Etf | USD 76.03 0.19 0.25% |
| Symbol | Utilities |
The market value of Utilities Select Sector is measured differently than its book value, which is the value of Utilities that is recorded on the company's balance sheet. Investors also form their own opinion of Utilities Select's value that differs from its market value or its book value, called intrinsic value, which is Utilities 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 Utilities Select's market value can be influenced by many factors that don't directly affect Utilities 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 Utilities Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Utilities Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Utilities 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.
Utilities 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 Utilities 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 Utilities Select.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Utilities Select on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Utilities Select Sector or generate 0.0% return on investment in Utilities Select over 30 days. Utilities Select is related to or competes with Consumer Staples, Industrial Select, Materials Select, Health Care, and Consumer Discretionary. In seeking to track the performance of the index, the fund employs a replication strategy More
Utilities 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 Utilities 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 Utilities Select Sector upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.34 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 1.6 |
Utilities Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Utilities Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Utilities Select's standard deviation. In reality, there are many statistical measures that can use Utilities Select historical prices to predict the future Utilities Select's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.17) |
Utilities Select Sector Backtested Returns
Utilities Select Sector owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.044, which indicates the etf had a -0.044% return per unit of risk over the last 3 months. Utilities Select Sector exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Utilities Select's Coefficient Of Variation of (2,273), risk adjusted performance of (0.03), and Variance of 1.06 to confirm the risk estimate we provide. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Utilities Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Utilities Select is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Utilities Select Sector has no correlation between past and present. Overlapping area represents the amount of predictability between Utilities Select time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Utilities Select Sector price movement. The serial correlation of 0.0 indicates that just 0.0% of current Utilities Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Utilities Select Sector lagged returns against current returns
Autocorrelation, which is Utilities 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 Utilities Select's etf expected returns. We can calculate the autocorrelation of Utilities Select returns to help us make a trade decision. For example, suppose you find that Utilities 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 |
Utilities 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 Utilities Select etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Utilities Select etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Utilities Select etf over time.
Current vs Lagged Prices |
| Timeline |
Utilities Select Lagged Returns
When evaluating Utilities Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Utilities Select etf have on its future price. Utilities 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, Utilities Select autocorrelation shows the relationship between Utilities Select etf current value and its past values and can show if there is a momentum factor associated with investing in Utilities Select Sector.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Utilities Select Correlation, Utilities Select Volatility and Utilities Select Alpha and Beta module to complement your research on Utilities Select. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Utilities 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.