Aptus Collared Income Etf Market Value
| ACIO Etf | USD 40.70 0.18 0.44% |
| Symbol | Aptus |
The market value of Aptus Collared Income is measured differently than its book value, which is the value of Aptus that is recorded on the company's balance sheet. Investors also form their own opinion of Aptus Collared's value that differs from its market value or its book value, called intrinsic value, which is Aptus Collared'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 Aptus Collared's market value can be influenced by many factors that don't directly affect Aptus Collared'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 Aptus Collared's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aptus Collared is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aptus Collared'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.
Aptus Collared '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 Aptus Collared'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 Aptus Collared.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Aptus Collared on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Aptus Collared Income or generate 0.0% return on investment in Aptus Collared over 30 days. Aptus Collared is related to or competes with Aptus Drawdown, Aptus Defined, Opus Small, Anfield Universal, and American Customer. The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective principally by inves... More
Aptus Collared 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 Aptus Collared'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 Aptus Collared Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5984 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.18 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 0.8499 |
Aptus Collared Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aptus Collared's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aptus Collared's standard deviation. In reality, there are many statistical measures that can use Aptus Collared historical prices to predict the future Aptus Collared's volatility.| Risk Adjusted Performance | 0.078 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0833 |
Aptus Collared Income Backtested Returns
As of now, Aptus Etf is very steady. Aptus Collared Income secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aptus Collared Income, which you can use to evaluate the volatility of the entity. Please confirm Aptus Collared's Mean Deviation of 0.445, risk adjusted performance of 0.078, and Downside Deviation of 0.5984 to double-check if the risk estimate we provide is consistent with the expected return of 0.066%. The etf shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aptus Collared's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aptus Collared is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
Aptus Collared Income has average predictability. Overlapping area represents the amount of predictability between Aptus Collared time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Aptus Collared Income price movement. The serial correlation of 0.48 indicates that about 48.0% of current Aptus Collared price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Aptus Collared Income lagged returns against current returns
Autocorrelation, which is Aptus Collared 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 Aptus Collared's etf expected returns. We can calculate the autocorrelation of Aptus Collared returns to help us make a trade decision. For example, suppose you find that Aptus Collared 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 |
Aptus Collared 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 Aptus Collared etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aptus Collared etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aptus Collared etf over time.
Current vs Lagged Prices |
| Timeline |
Aptus Collared Lagged Returns
When evaluating Aptus Collared's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aptus Collared etf have on its future price. Aptus Collared 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, Aptus Collared autocorrelation shows the relationship between Aptus Collared etf current value and its past values and can show if there is a momentum factor associated with investing in Aptus Collared Income.
Regressed Prices |
| Timeline |
Pair Trading with Aptus Collared
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 Aptus Collared 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 Aptus Collared will appreciate offsetting losses from the drop in the long position's value.Moving together with Aptus Etf
| 1.0 | ADME | Aptus Drawdown Managed | PairCorr |
| 0.66 | SWAN | Amplify BlackSwan Growth | PairCorr |
| 0.73 | PHDG | Invesco SP 500 | PairCorr |
Moving against Aptus Etf
| 0.71 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 0.63 | CCOR | Core Alternative ETF | PairCorr |
| 0.42 | VEA | Vanguard FTSE Developed | PairCorr |
The ability to find closely correlated positions to Aptus Collared could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aptus Collared 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 Aptus Collared - 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 Aptus Collared Income to buy it.
The correlation of Aptus Collared 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 Aptus Collared moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aptus Collared Income 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 Aptus Collared 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 Aptus Collared Correlation, Aptus Collared Volatility and Aptus Collared Alpha and Beta module to complement your research on Aptus Collared. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Aptus Collared 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.