Nasdaq Etf Market Value

QQQ
 Etf
  

USD 282.13  1.85  0.66%   

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

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

Nasdaq QQQ '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 Nasdaq QQQ'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 Nasdaq QQQ.
0.00
05/06/2022
No Change 0.00  0.0 
In 2 months and 1 day
07/05/2022
0.00
If you would invest  0.00  in Nasdaq QQQ on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Nasdaq QQQ Invesco or generate 0.0% return on investment in Nasdaq QQQ over 60 days. Nasdaq QQQ is related to or competes with Alcoa Corp. To maintain the correspondence between the composition and weights of the securities in the trust and the stocks in the ...More

Nasdaq QQQ 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 Nasdaq QQQ'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 Nasdaq QQQ Invesco upside and downside potential and time the market with a certain degree of confidence.

Nasdaq QQQ Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nasdaq QQQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nasdaq QQQ's standard deviation. In reality, there are many statistical measures that can use Nasdaq QQQ historical prices to predict the future Nasdaq QQQ's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Nasdaq QQQ'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 Nasdaq QQQ in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
280.53282.87285.21
Details
Intrinsic
Valuation
LowReal ValueHigh
265.68268.02310.34
Details
Naive
Forecast
LowNext ValueHigh
287.88290.22292.56
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
264.36290.24316.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nasdaq QQQ. Your research has to be compared to or analyzed against Nasdaq QQQ's peers to derive any actionable benefits. When done correctly, Nasdaq QQQ'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 Nasdaq QQQ Invesco.

Nasdaq QQQ Invesco Backtested Returns

Nasdaq QQQ Invesco has Sharpe Ratio of -0.14, which conveys that the entity had -0.14% 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. Nasdaq QQQ exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Nasdaq QQQ Invesco mean deviation of 1.86, and Risk Adjusted Performance of (0.23) to check out the risk estimate we provide.
The etf secures a Beta (Market Risk) of 1.4829, which conveys a somewhat significant risk relative to the market. Let's try to break down what Nasdaq's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nasdaq QQQ will likely underperform. Even though it is essential to pay attention to Nasdaq QQQ Invesco price patterns, it is always good to be careful when utilizing equity historical 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. Nasdaq QQQ exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.07  

Virtually no predictability

Nasdaq QQQ Invesco has virtually no predictability. Overlapping area represents the amount of predictability between Nasdaq QQQ time series from 6th of May 2022 to 5th of June 2022 and 5th of June 2022 to 5th of July 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 Nasdaq QQQ Invesco price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Nasdaq QQQ price fluctuation can be explain by its past prices.
Correlation Coefficient0.07
Spearman Rank Test-0.37
Residual Average0.0
Price Variance121.75

Nasdaq QQQ Invesco lagged returns against current returns

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

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

Nasdaq QQQ Lagged Returns

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

Nasdaq QQQ Investors Sentiment

The influence of Nasdaq QQQ's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nasdaq. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nasdaq QQQ in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nasdaq QQQ's short interest history, or implied volatility extrapolated from Nasdaq QQQ options trading.

Current Sentiment - QQQ

Nasdaq QQQ Invesco Investor Sentiment

Predominant part of Macroaxis users are at this time bullish on Nasdaq QQQ Invesco. What is your trading attitude regarding investing in Nasdaq QQQ Invesco? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Currently Active Assets on Macroaxis

Please see Nasdaq QQQ Hype Analysis, Nasdaq QQQ Correlation, Portfolio Optimization, Nasdaq QQQ Volatility, as well as analyze Nasdaq QQQ Alpha and Beta and Nasdaq QQQ Performance. Note that the Nasdaq QQQ Invesco information on this page should be used as a complementary analysis to other Nasdaq QQQ's 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Nasdaq Etf analysis

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