Ershares Private Public Crossover Etf Market Value
| XOVR Etf | USD 16.43 0.04 0.24% |
| Symbol | ERShares |
The market value of ERShares Private Public is measured differently than its book value, which is the value of ERShares that is recorded on the company's balance sheet. Investors also form their own opinion of ERShares Private's value that differs from its market value or its book value, called intrinsic value, which is ERShares Private'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 ERShares Private's market value can be influenced by many factors that don't directly affect ERShares Private'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 ERShares Private's value and its price as these two are different measures arrived at by different means. Investors typically determine if ERShares Private is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ERShares Private'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.
ERShares Private '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 ERShares Private'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 ERShares Private.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in ERShares Private on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding ERShares Private Public Crossover or generate 0.0% return on investment in ERShares Private over 90 days. ERShares Private is related to or competes with Invesco Actively, Harbor ETF, Harbor ETF, IShares Trust, Xtrackers MSCI, IShares MSCI, and IShares MSCI. More
ERShares Private 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 ERShares Private'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 ERShares Private Public Crossover upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.92 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 1.61 |
ERShares Private Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ERShares Private's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ERShares Private's standard deviation. In reality, there are many statistical measures that can use ERShares Private historical prices to predict the future ERShares Private's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ERShares Private's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ERShares Private Public Backtested Returns
ERShares Private Public secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the etf had a -0.14 % return per unit of volatility over the last 3 months. ERShares Private Public Crossover exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ERShares Private's Mean Deviation of 1.22, market risk adjusted performance of (0.26), and Standard Deviation of 1.61 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.88, which means possible diversification benefits within a given portfolio. ERShares Private returns are very sensitive to returns on the market. As the market goes up or down, ERShares Private is expected to follow.
Auto-correlation | -0.5 |
Modest reverse predictability
ERShares Private Public Crossover has modest reverse predictability. Overlapping area represents the amount of predictability between ERShares Private 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 ERShares Private Public price movement. The serial correlation of -0.5 indicates that about 50.0% of current ERShares Private price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.25 |
ERShares Private Public lagged returns against current returns
Autocorrelation, which is ERShares Private 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 ERShares Private's etf expected returns. We can calculate the autocorrelation of ERShares Private returns to help us make a trade decision. For example, suppose you find that ERShares Private 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 |
ERShares Private 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 ERShares Private etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ERShares Private etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ERShares Private etf over time.
Current vs Lagged Prices |
| Timeline |
ERShares Private Lagged Returns
When evaluating ERShares Private's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ERShares Private etf have on its future price. ERShares Private 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, ERShares Private autocorrelation shows the relationship between ERShares Private etf current value and its past values and can show if there is a momentum factor associated with investing in ERShares Private Public Crossover.
Regressed Prices |
| Timeline |
Pair Trading with ERShares Private
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ERShares Private position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ERShares Private will appreciate offsetting losses from the drop in the long position's value.Moving together with ERShares Etf
| 0.71 | VUG | Vanguard Growth Index | PairCorr |
| 0.72 | IWF | iShares Russell 1000 | PairCorr |
| 0.77 | IVW | iShares SP 500 | PairCorr |
| 0.77 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.96 | IUSG | iShares Core SP | PairCorr |
Moving against ERShares Etf
| 0.63 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
The ability to find closely correlated positions to ERShares Private could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ERShares Private when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ERShares Private - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ERShares Private Public Crossover to buy it.
The correlation of ERShares Private is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ERShares Private moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ERShares Private Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ERShares Private can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ERShares Private Correlation, ERShares Private Volatility and ERShares Private Alpha and Beta module to complement your research on ERShares Private. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
ERShares Private 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.