# ETFMG Etf Volatility

HACK | Etf | ## USD 51.20 0.77 1.53% |

We consider ETFMG Prime very steady. ETFMG Prime Cyber secures Sharpe Ratio (or Efficiency) of 0.0919, which denotes the etf had 0.0919% of return per unit of return volatility over the last 3 months. Our approach to predicting the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for ETFMG Prime Cyber, which you can use to evaluate the future volatility of the entity. Please confirm ETFMG Prime Cyber mean deviation of 1.67, and Downside Deviation of 2.14 to check if the risk estimate we provide is consistent with the expected return of 0.18%.

ETFMG |

ETFMG Prime Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of ETFMG daily returns, and it is calculated using variance and standard deviation. We also use ETFMG's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of ETFMG Prime volatility.

### 30 Days Market Risk

### Chance of Distress

### 30 Days Economic Sensitivity

Since volatility provides investors with entry points to take advantage of stock prices, companies, such as ETFMG Prime can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of ETFMG Prime at lower prices. For example, an investor can purchase ETFMG stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of ETFMG Prime's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

## Moving together with ETFMG Prime

0.88 | VGT | Information Technology | PairCorr | ||||

0.87 | XLK | SP 500 Technology | PairCorr | ||||

0.88 | IYW | US Technology Ishares | PairCorr | ||||

0.62 | SMH | Vaneck Semiconductor ETF | PairCorr | ||||

0.88 | FTEC | Fidelity Info Tech | PairCorr | ||||

0.99 | CIBR | Nasdaq Cybersecurity ETF | PairCorr |

## ETFMG Prime Market Sensitivity And Downside Risk

ETFMG Prime's beta coefficient measures the volatility of ETFMG etf compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents ETFMG etf's returns against your selected market. In other words, ETFMG Prime's beta of 1.36 provides an investor with an approximation of how much risk ETFMG Prime etf can potentially add to one of your existing portfolios.

ETFMG Prime Cyber currently demonstrates below-average downside deviation. It has Information Ratio of 0.05 and Jensen Alpha of 0.07. However, we advise investors to further question ETFMG Prime Cyber expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ETFMG Prime's etf risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact ETFMG Prime's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

ETFMG standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

### ETFMG Prime Implied Volatility

ETFMG Prime's implied volatility exposes the market's sentiment of ETFMG Prime Cyber stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ETFMG Prime's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ETFMG Prime stock will not fluctuate a lot when ETFMG Prime's options are near their expiration.

3 Months Beta |Analyze ETFMG Prime Cyber Demand TrendCheck current 90 days ETFMG Prime correlation with market (DOW)## ETFMG Beta |

## Standard Deviation | 1.98 |

It is essential to understand the difference between upside risk (as represented by ETFMG Prime's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of ETFMG Prime stock's daily returns or price. Since the actual investment returns on holding a position in ETFMG Prime stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in ETFMG Prime.

## ETFMG Prime Cyber Etf Volatility Analysis

Volatility refers to the frequency at which ETFMG Prime stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with ETFMG Prime's price changes. Investors will then calculate the volatility of ETFMG Prime's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of ETFMG Prime's volatility:

### Historical Volatility

This type of stock volatility measures ETFMG Prime's fluctuations based on previous trends. It's commonly used to predict ETFMG Prime's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.### Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for ETFMG Prime's current market price. This means that the stock will return to its initially predicted market price.Transformation |

The output start index for this execution was zero with a total number of output elements of sixty-one. ETFMG Prime Cyber Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input..

## ETFMG Prime Projected Return Density Against Market

Given the investment horizon of 90 days the etf has the beta coefficient of 1.3627 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ETFMG Prime will likely underperform.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to ETFMG Prime or ETFMG sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ETFMG Prime stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ETFMG stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.

The company has an alpha of 0.0732, implying that it can generate a 0.0732 percent excess return over DOW after adjusting for the inherited market risk (beta). Predicted Return Density |

Returns |

## What Drives a Company's Stock Price Volatility?

Several factors can influence a company's stock volatility:### Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.### Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.### The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.## ETFMG Prime Etf Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to ETFMG Prime or ETFMG sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ETFMG Prime stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ETFMG stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.

Given the investment horizon of 90 days the coefficient of variation of ETFMG Prime is 1087.65. The daily returns are distributed with a variance of 3.91 and standard deviation of 1.98. The mean deviation of ETFMG Prime Cyber is currently at 1.6. For similar time horizon, the selected benchmark (DOW) has volatility of 1.25

α | Alpha over DOW | 0.07 | |

β | Beta against DOW | 1.36 | |

σ | Overall volatility | 1.98 | |

Ir | Information ratio | 0.0485 |

## ETFMG Prime Etf Return Volatility

ETFMG Prime historical daily return volatility represents how much ETFMG Prime stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The Etf inherits 1.9782% risk (volatility on return distribution) over the 90 days horizon. By contrast, DOW inherits 1.2609% risk (volatility on return distribution) over the 90 days horizon.

Performance (%) |

Timeline |

## About ETFMG Prime Volatility

Volatility is a rate at which the price of ETFMG Prime or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of ETFMG Prime may increase or decrease. In other words, similar to ETFMG's beta indicator, it measures the risk of ETFMG Prime and helps estimate the fluctuations that may happen in a short period of time. So if prices of ETFMG Prime fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.

Please read more on our technical analysis page.The index tracks the performance of the exchange-listed equity securities of companies across the globe that engage in providing cyber defense applications or services as a vital component of its overall business or provide hardware or software for cyber defense activities as a vital component of its overall business. ETFMG Prime is traded on NYSEArca Exchange in the United States.## ETFMG Prime Investment Opportunity

ETFMG Prime Cyber has a volatility of 1.98 and is 1.57 times more volatile than DOW.**17**of all equities and portfolios are less risky than ETFMG Prime. Compared to the overall equity markets, volatility of historical daily returns of ETFMG Prime Cyber is lower than

**17 ()**of all global equities and portfolios over the last 90 days.

Use ETFMG Prime Cyber to enhance the returns of your portfolios. Benchmarks are essential to demonstrate the utility of optimization algorithms. The etf experiences a large bullish trend. Check odds of ETFMG Prime to be traded at $56.32 in 90 days. .

### Very poor diversification

The correlation between ETFMG Prime Cyber and DJI is

**Very poor diversification**for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETFMG Prime Cyber and DJI in the same portfolio, assuming nothing else is changed.## ETFMG Prime Additional Risk Indicators

The analysis of ETFMG Prime's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in ETFMG Prime's investment and either accepting that risk or mitigating it. Along with some common measures of ETFMG Prime stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.

Risk Adjusted Performance | 0.1143 | |||

Market Risk Adjusted Performance | 0.135 | |||

Mean Deviation | 1.67 | |||

Semi Deviation | 1.96 | |||

Downside Deviation | 2.14 | |||

Coefficient Of Variation | 1133.23 | |||

Standard Deviation | 2.04 |

Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

## ETFMG Prime Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.

The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against ETFMG Prime as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. ETFMG Prime's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, ETFMG Prime's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to ETFMG Prime Cyber.

Please check Risk vs Return Analysis. Note that the ETFMG Prime Cyber information on this page should be used as a complementary analysis to other ETFMG Prime'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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running ETFMG Prime Cyber price analysis, check to measure ETFMG Prime'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 ETFMG Prime is operating at the current time. Most of ETFMG Prime's value examination focuses on studying past and present price action to predict the probability of ETFMG Prime's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ETFMG Prime's price. Additionally, you may evaluate how the addition of ETFMG Prime to your portfolios can decrease your overall portfolio volatility.

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