Alpha Alternative Assets Etf Market Value
| AACAX Etf | 6.24 0.00 0.00% |
| Symbol | Alpha |
The market value of Alpha Alternative Assets is measured differently than its book value, which is the value of Alpha that is recorded on the company's balance sheet. Investors also form their own opinion of Alpha Alternative's value that differs from its market value or its book value, called intrinsic value, which is Alpha Alternative'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 Alpha Alternative's market value can be influenced by many factors that don't directly affect Alpha Alternative'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 Alpha Alternative's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Alternative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Alternative'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.
Alpha Alternative '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 Alpha Alternative'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 Alpha Alternative.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Alpha Alternative on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Alpha Alternative Assets or generate 0.0% return on investment in Alpha Alternative over 30 days. Alpha Alternative is related to or competes with FT Vest, Zillow Group, Northern Lights, VanEck Vectors, Freedom Day, SSGA Active, and SPDR Nuveen. Alpha Alternative is entity of United States More
Alpha Alternative 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 Alpha Alternative'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 Alpha Alternative Assets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.5 | |||
| Potential Upside | 0.1605 |
Alpha Alternative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpha Alternative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpha Alternative's standard deviation. In reality, there are many statistical measures that can use Alpha Alternative historical prices to predict the future Alpha Alternative's volatility.| Risk Adjusted Performance | 0.0229 | |||
| Jensen Alpha | 0.0219 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.08) |
Alpha Alternative Assets Backtested Returns
At this stage we consider Alpha Etf to be very steady. Alpha Alternative Assets secures Sharpe Ratio (or Efficiency) of 0.0383, which signifies that the etf had a 0.0383% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Alpha Alternative Assets, which you can use to evaluate the volatility of the entity. Please confirm Alpha Alternative's Risk Adjusted Performance of 0.0229, standard deviation of 0.4872, and Mean Deviation of 0.1467 to double-check if the risk estimate we provide is consistent with the expected return of 0.0191%. The etf shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alpha Alternative are expected to decrease at a much lower rate. During the bear market, Alpha Alternative is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Alpha Alternative Assets has no correlation between past and present. Overlapping area represents the amount of predictability between Alpha Alternative time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Alpha Alternative Assets price movement. The serial correlation of 0.0 indicates that just 0.0% of current Alpha Alternative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alpha Alternative Assets lagged returns against current returns
Autocorrelation, which is Alpha Alternative 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 Alpha Alternative's etf expected returns. We can calculate the autocorrelation of Alpha Alternative returns to help us make a trade decision. For example, suppose you find that Alpha Alternative 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 |
Alpha Alternative 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 Alpha Alternative etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpha Alternative etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpha Alternative etf over time.
Current vs Lagged Prices |
| Timeline |
Alpha Alternative Lagged Returns
When evaluating Alpha Alternative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpha Alternative etf have on its future price. Alpha Alternative 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, Alpha Alternative autocorrelation shows the relationship between Alpha Alternative etf current value and its past values and can show if there is a momentum factor associated with investing in Alpha Alternative Assets.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Alpha Etf
Alpha Alternative financial ratios help investors to determine whether Alpha Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alpha with respect to the benefits of owning Alpha Alternative security.