Gx SP Etf Market Value

XTR
 Etf
  

USD 24.02  0.37  1.56%   

Gx SP's market value is the price at which a share of Gx SP stock trades on a public exchange. It measures the collective expectations of Gx SP 500 investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Gx SP 500 and determine expected loss or profit from investing in Gx SP over a given investment horizon. Check out Gx SP Correlation, Gx SP Volatility and Gx SP Alpha and Beta module to complement your research on Gx SP.
Symbol

The market value of Gx SP 500 is measured differently than its book value, which is the value of Gx SP that is recorded on the company's balance sheet. Investors also form their own opinion of Gx SP's value that differs from its market value or its book value, called intrinsic value, which is Gx SP'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 Gx SP's market value can be influenced by many factors that don't directly affect Gx SP'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 Gx SP's value and its price as these two are different measures arrived at by different means. Investors typically determine Gx SP value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gx SP'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.

Gx SP '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 Gx SP'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 Gx SP.
0.00
12/09/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
11/29/2022
0.00
If you would invest  0.00  in Gx SP on December 9, 2020 and sell it all today you would earn a total of 0.00 from holding Gx SP 500 or generate 0.0% return on investment in Gx SP over 720 days. Gx SP is related to or competes with Avantis US. The fund invests at least 80 percent of its total assets in the securities of the underlying index More

Gx SP 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 Gx SP'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 Gx SP 500 upside and downside potential and time the market with a certain degree of confidence.

Gx SP Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Gx SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gx SP's standard deviation. In reality, there are many statistical measures that can use Gx SP historical prices to predict the future Gx SP's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Gx SP'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. Please use the tools below to analyze the current value of Gx SP in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
22.3023.6525.00
Details
Intrinsic
Valuation
LowReal ValueHigh
21.3122.6624.01
Details
Naive
Forecast
LowNext ValueHigh
22.9424.2925.64
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.6023.3624.13
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Gx SP. Your research has to be compared to or analyzed against Gx SP's peers to derive any actionable benefits. When done correctly, Gx SP's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Gx SP 500.

Gx SP 500 Backtested Returns

Gx SP 500 retains Efficiency (Sharpe Ratio) of -0.0107, which attests that the entity had -0.0107% of return per unit of price deviation over the last 3 months. Macroaxis approach into determining the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Gx SP exposes twenty-six different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Gx SP 500 market risk adjusted performance of 1.99, and Standard Deviation of 1.38 to validate the risk estimate we provide.
The etf owns a Beta (Systematic Risk) of -0.0333, which attests to not very significant fluctuations relative to the market. Let's try to break down what Gx SP's beta means in this case. As returns on the market increase, returns on owning Gx SP are expected to decrease at a much lower rate. During the bear market, Gx SP is likely to outperform the market. Even though it is essential to pay attention to Gx SP 500 existing price patterns, it is always good to be careful when utilizing equity price patterns. Our approach into determining any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Gx SP exposes twenty-six different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.58  

Good reverse predictability

Gx SP 500 has good reverse predictability. Overlapping area represents the amount of predictability between Gx SP time series from 9th of December 2020 to 4th of December 2021 and 4th of December 2021 to 29th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gx SP 500 price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Gx SP price fluctuation can be explain by its past prices.
Correlation Coefficient-0.58
Spearman Rank Test-0.48
Residual Average0.0
Price Variance0.96

Gx SP 500 lagged returns against current returns

Autocorrelation, which is Gx SP 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 Gx SP's etf expected returns. We can calculate the autocorrelation of Gx SP returns to help us make a trade decision. For example, suppose you find that Gx SP etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Gx SP 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 Gx SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gx SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gx SP etf over time.
   Current vs Lagged Prices   
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       Timeline  

Gx SP Lagged Returns

When evaluating Gx SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gx SP etf have on its future price. Gx SP 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, Gx SP autocorrelation shows the relationship between Gx SP etf current value and its past values and can show if there is a momentum factor associated with investing in Gx SP 500.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gx SP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out Gx SP Correlation, Gx SP Volatility and Gx SP Alpha and Beta module to complement your research on Gx SP. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Gx SP 500 price analysis, check to measure Gx SP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gx SP is operating at the current time. Most of Gx SP's value examination focuses on studying past and present price action to predict the probability of Gx SP's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Gx SP's price. Additionally, you may evaluate how the addition of Gx SP to your portfolios can decrease your overall portfolio volatility.
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Gx SP 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.
A focus of Gx SP technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Gx SP trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...