Advisorshares Dorsey Wright Etf Market Value
| AADR Etf | USD 68.24 0.37 0.55% |
| Symbol | AdvisorShares |
The market value of AdvisorShares Dorsey is measured differently than its book value, which is the value of AdvisorShares that is recorded on the company's balance sheet. Investors also form their own opinion of AdvisorShares Dorsey's value that differs from its market value or its book value, called intrinsic value, which is AdvisorShares Dorsey'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 AdvisorShares Dorsey's market value can be influenced by many factors that don't directly affect AdvisorShares Dorsey'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 AdvisorShares Dorsey's value and its price as these two are different measures arrived at by different means. Investors typically determine if AdvisorShares Dorsey is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AdvisorShares Dorsey'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.
AdvisorShares Dorsey '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 AdvisorShares Dorsey'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 AdvisorShares Dorsey.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in AdvisorShares Dorsey on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding AdvisorShares Dorsey Wright or generate 0.0% return on investment in AdvisorShares Dorsey over 540 days. AdvisorShares Dorsey is related to or competes with Invesco SP, Invesco SP, Invesco FTSE, Invesco SP, and Invesco International. The fund seeks to achieve the funds investment objective by selecting primarily a portfolio of U.S More
AdvisorShares Dorsey 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 AdvisorShares Dorsey'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 AdvisorShares Dorsey Wright upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9094 | |||
| Information Ratio | 0.0263 | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.61 |
AdvisorShares Dorsey Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AdvisorShares Dorsey's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AdvisorShares Dorsey's standard deviation. In reality, there are many statistical measures that can use AdvisorShares Dorsey historical prices to predict the future AdvisorShares Dorsey's volatility.| Risk Adjusted Performance | 0.1266 | |||
| Jensen Alpha | 0.0738 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 0.2447 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AdvisorShares Dorsey'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.
AdvisorShares Dorsey Backtested Returns
Currently, AdvisorShares Dorsey Wright is very steady. AdvisorShares Dorsey secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the etf had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for AdvisorShares Dorsey Wright, which you can use to evaluate the volatility of the entity. Please confirm AdvisorShares Dorsey's Downside Deviation of 0.9094, mean deviation of 0.7591, and Risk Adjusted Performance of 0.1266 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. The etf shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AdvisorShares Dorsey's returns are expected to increase less than the market. However, during the bear market, the loss of holding AdvisorShares Dorsey is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
AdvisorShares Dorsey Wright has good predictability. Overlapping area represents the amount of predictability between AdvisorShares Dorsey time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 AdvisorShares Dorsey price movement. The serial correlation of 0.68 indicates that around 68.0% of current AdvisorShares Dorsey price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 4.9 |
AdvisorShares Dorsey lagged returns against current returns
Autocorrelation, which is AdvisorShares Dorsey 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 AdvisorShares Dorsey's etf expected returns. We can calculate the autocorrelation of AdvisorShares Dorsey returns to help us make a trade decision. For example, suppose you find that AdvisorShares Dorsey 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 |
AdvisorShares Dorsey 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 AdvisorShares Dorsey etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AdvisorShares Dorsey etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AdvisorShares Dorsey etf over time.
Current vs Lagged Prices |
| Timeline |
AdvisorShares Dorsey Lagged Returns
When evaluating AdvisorShares Dorsey's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AdvisorShares Dorsey etf have on its future price. AdvisorShares Dorsey 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, AdvisorShares Dorsey autocorrelation shows the relationship between AdvisorShares Dorsey etf current value and its past values and can show if there is a momentum factor associated with investing in AdvisorShares Dorsey Wright.
Regressed Prices |
| Timeline |
Pair Trading with AdvisorShares Dorsey
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AdvisorShares Dorsey position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AdvisorShares Dorsey will appreciate offsetting losses from the drop in the long position's value.Moving against AdvisorShares Etf
| 0.66 | IQDG | WisdomTree International Low Volatility | PairCorr |
| 0.63 | IDHQ | Invesco SP International | PairCorr |
| 0.58 | VIGI | Vanguard International | PairCorr |
| 0.55 | EFG | iShares MSCI EAFE Low Volatility | PairCorr |
| 0.52 | DNL | WisdomTree Global | PairCorr |
The ability to find closely correlated positions to AdvisorShares Dorsey could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AdvisorShares Dorsey when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AdvisorShares Dorsey - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AdvisorShares Dorsey Wright to buy it.
The correlation of AdvisorShares Dorsey is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AdvisorShares Dorsey moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AdvisorShares Dorsey moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AdvisorShares Dorsey can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out AdvisorShares Dorsey Correlation, AdvisorShares Dorsey Volatility and AdvisorShares Dorsey Alpha and Beta module to complement your research on AdvisorShares Dorsey. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
AdvisorShares Dorsey 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.