MLCX Biofuels Etf Market Value

FUE
 Etf
  

USD 11.72  0.45  3.99%   

MLCX Biofuels' market value is the price at which a share of MLCX Biofuels stock trades on a public exchange. It measures the collective expectations of MLCX Biofuels Index investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of MLCX Biofuels Index and determine expected loss or profit from investing in MLCX Biofuels over a given investment horizon. Please check MLCX Biofuels Hype Analysis, MLCX Biofuels Correlation, Portfolio Optimization, MLCX Biofuels Volatility, as well as analyze MLCX Biofuels Alpha and Beta and MLCX Biofuels Performance.
Symbol

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

MLCX Biofuels '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 MLCX Biofuels' 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 MLCX Biofuels.
0.00
07/09/2022
No Change 0.00  0.0 
In 31 days
08/08/2022
0.00
If you would invest  0.00  in MLCX Biofuels on July 9, 2022 and sell it all today you would earn a total of 0.00 from holding MLCX Biofuels Index or generate 0.0% return on investment in MLCX Biofuels over 30 days. MLCX Biofuels is related to or competes with Johnson Johnson. The index is designed to reflect the performance of a fully collateralized investment in the seven exchange-traded futur...More

MLCX Biofuels 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 MLCX Biofuels' 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 MLCX Biofuels Index upside and downside potential and time the market with a certain degree of confidence.

MLCX Biofuels Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for MLCX Biofuels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MLCX Biofuels' standard deviation. In reality, there are many statistical measures that can use MLCX Biofuels historical prices to predict the future MLCX Biofuels' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of MLCX Biofuels' 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 MLCX Biofuels in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.0111.2713.53
Details
Intrinsic
Valuation
LowReal ValueHigh
8.7411.0013.26
Details
Naive
Forecast
LowNext ValueHigh
8.9511.2113.46
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.3510.9511.54
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MLCX Biofuels. Your research has to be compared to or analyzed against MLCX Biofuels' peers to derive any actionable benefits. When done correctly, MLCX Biofuels' 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 MLCX Biofuels Index.

MLCX Biofuels Index Backtested Returns

MLCX Biofuels Index retains Efficiency (Sharpe Ratio) of -0.0379, which conveys that the entity had -0.0379% of return per unit of risk over the last 3 months. Macroaxis standpoint towards estimating 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. MLCX Biofuels exposes twenty-six different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify MLCX Biofuels Index market risk adjusted performance of (1.36), and Mean Deviation of 1.66 to check out the risk estimate we provide.
The etf owns a Beta (Systematic Risk) of 0.1168, which conveys not very significant fluctuations relative to the market. Let's try to break down what MLCX Biofuels's beta means in this case. As returns on the market increase, MLCX Biofuels returns are expected to increase less than the market. However, during the bear market, the loss on holding MLCX Biofuels will be expected to be smaller as well. Even though it is essential to pay attention to MLCX Biofuels Index existing price patterns, it is always good to be careful when utilizing equity price patterns. Our philosophy towards estimating 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. MLCX Biofuels exposes twenty-six different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.58  

Good reverse predictability

MLCX Biofuels Index has good reverse predictability. Overlapping area represents the amount of predictability between MLCX Biofuels time series from 9th of July 2022 to 24th of July 2022 and 24th of July 2022 to 8th of August 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 MLCX Biofuels Index price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current MLCX Biofuels price fluctuation can be explain by its past prices.
Correlation Coefficient-0.58
Spearman Rank Test0.11
Residual Average0.0
Price Variance0.11

MLCX Biofuels Index lagged returns against current returns

Autocorrelation, which is MLCX Biofuels 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 MLCX Biofuels' etf expected returns. We can calculate the autocorrelation of MLCX Biofuels returns to help us make a trade decision. For example, suppose you find that MLCX Biofuels 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  

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

MLCX Biofuels Lagged Returns

When evaluating MLCX Biofuels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MLCX Biofuels etf have on its future price. MLCX Biofuels 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, MLCX Biofuels autocorrelation shows the relationship between MLCX Biofuels etf current value and its past values and can show if there is a momentum factor associated with investing in MLCX Biofuels Index.
   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 MLCX Biofuels without increasing your portfolio risk or giving up 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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Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as MLCX Biofuels Index using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check MLCX Biofuels Hype Analysis, MLCX Biofuels Correlation, Portfolio Optimization, MLCX Biofuels Volatility, as well as analyze MLCX Biofuels Alpha and Beta and MLCX Biofuels Performance. Note that the MLCX Biofuels Index information on this page should be used as a complementary analysis to other MLCX Biofuels' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for MLCX Biofuels Etf analysis

When running MLCX Biofuels Index price analysis, check to measure MLCX Biofuels' 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 MLCX Biofuels is operating at the current time. Most of MLCX Biofuels' value examination focuses on studying past and present price action to predict the probability of MLCX Biofuels' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move MLCX Biofuels' price. Additionally, you may evaluate how the addition of MLCX Biofuels to your portfolios can decrease your overall portfolio volatility.
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MLCX Biofuels 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, stock market cycles, or different charting patterns.
A focus of MLCX Biofuels technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MLCX Biofuels 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...