United States Copper Etf Market Value
| CPER Etf | USD 28.42 0.17 0.59% |
| Symbol | United |
The market value of United States Copper is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United States' value that differs from its market value or its book value, called intrinsic value, which is United States' 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 United States' market value can be influenced by many factors that don't directly affect United States' 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 United States' value and its price as these two are different measures arrived at by different means. Investors typically determine if United States is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United States' 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.
United States '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 United States' 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 United States.
| 05/04/2024 |
| 06/03/2024 |
If you would invest 0.00 in United States on May 4, 2024 and sell it all today you would earn a total of 0.00 from holding United States Copper or generate 0.0% return on investment in United States over 30 days. United States is related to or competes with T Rowe, FT Cboe, Knife River, Aston Martin, Ampleforth, First Physicians, and CarMax. The fund seeks to achieve its investment objective by investing to the fullest extent possible in the Benchmark Componen... More
United States 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 United States' 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 United States Copper upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.73 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.46 |
United States Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United States' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United States' standard deviation. In reality, there are many statistical measures that can use United States historical prices to predict the future United States' volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0169 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United States' 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.
United States Copper Backtested Returns
United States Copper owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0147, which indicates the etf had a -0.0147% return per unit of risk over the last month. United States Copper exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United States' Coefficient Of Variation of 7828.28, semi deviation of 2.18, and Risk Adjusted Performance of 0.0149 to confirm the risk estimate we provide. The entity has a beta of 0.9, which indicates possible diversification benefits within a given portfolio. United States returns are very sensitive to returns on the market. As the market goes up or down, United States is expected to follow.
Auto-correlation | -0.65 |
Very good reverse predictability
United States Copper has very good reverse predictability. Overlapping area represents the amount of predictability between United States time series from 4th of May 2024 to 19th of May 2024 and 19th of May 2024 to 3rd of June 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of United States Copper price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current United States price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
United States Copper lagged returns against current returns
Autocorrelation, which is United States 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 United States' etf expected returns. We can calculate the autocorrelation of United States returns to help us make a trade decision. For example, suppose you find that United States 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 |
United States 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 United States etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United States etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United States etf over time.
Current vs Lagged Prices |
| Timeline |
United States Lagged Returns
When evaluating United States' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United States etf have on its future price. United States 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, United States autocorrelation shows the relationship between United States etf current value and its past values and can show if there is a momentum factor associated with investing in United States Copper.
Regressed Prices |
| Timeline |
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United States 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.