Etracs Alerian Midstream Etf Market Value
| AMNA Etf | USD 55.81 0.13 0.23% |
| Symbol | ETRACS |
The market value of ETRACS Alerian Midstream is measured differently than its book value, which is the value of ETRACS that is recorded on the company's balance sheet. Investors also form their own opinion of ETRACS Alerian's value that differs from its market value or its book value, called intrinsic value, which is ETRACS Alerian'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 ETRACS Alerian's market value can be influenced by many factors that don't directly affect ETRACS Alerian'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 ETRACS Alerian's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS Alerian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS Alerian'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.
ETRACS Alerian '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 ETRACS Alerian'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 ETRACS Alerian.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in ETRACS Alerian on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding ETRACS Alerian Midstream or generate 0.0% return on investment in ETRACS Alerian over 180 days. ETRACS Alerian is related to or competes with Global X, Tortoise North, InfraCap MLP, Barclays ETN, and Alerian Energy. Etracs Alerian is traded on NYSEARCA Exchange in the United States. More
ETRACS Alerian 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 ETRACS Alerian'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 ETRACS Alerian Midstream upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6791 | |||
| Information Ratio | 0.1782 | |||
| Maximum Drawdown | 4.99 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 1.94 |
ETRACS Alerian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETRACS Alerian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETRACS Alerian's standard deviation. In reality, there are many statistical measures that can use ETRACS Alerian historical prices to predict the future ETRACS Alerian's volatility.| Risk Adjusted Performance | 0.2497 | |||
| Jensen Alpha | 0.2212 | |||
| Total Risk Alpha | 0.1389 | |||
| Sortino Ratio | 0.2336 | |||
| Treynor Ratio | 0.5811 |
ETRACS Alerian Midstream Backtested Returns
ETRACS Alerian appears to be very steady, given 3 months investment horizon. ETRACS Alerian Midstream secures Sharpe Ratio (or Efficiency) of 0.33, which denotes the etf had a 0.33% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for ETRACS Alerian Midstream, which you can use to evaluate the volatility of the entity. Please utilize ETRACS Alerian's Mean Deviation of 0.7137, market risk adjusted performance of 0.5911, and Downside Deviation of 0.6791 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, ETRACS Alerian's returns are expected to increase less than the market. However, during the bear market, the loss of holding ETRACS Alerian is expected to be smaller as well.
Auto-correlation | 0.92 |
Excellent predictability
ETRACS Alerian Midstream has excellent predictability. Overlapping area represents the amount of predictability between ETRACS Alerian time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 ETRACS Alerian Midstream price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current ETRACS Alerian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 8.99 |
ETRACS Alerian Midstream lagged returns against current returns
Autocorrelation, which is ETRACS Alerian 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 ETRACS Alerian's etf expected returns. We can calculate the autocorrelation of ETRACS Alerian returns to help us make a trade decision. For example, suppose you find that ETRACS Alerian 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 |
ETRACS Alerian 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 ETRACS Alerian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETRACS Alerian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETRACS Alerian etf over time.
Current vs Lagged Prices |
| Timeline |
ETRACS Alerian Lagged Returns
When evaluating ETRACS Alerian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETRACS Alerian etf have on its future price. ETRACS Alerian 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, ETRACS Alerian autocorrelation shows the relationship between ETRACS Alerian etf current value and its past values and can show if there is a momentum factor associated with investing in ETRACS Alerian Midstream.
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.When determining whether ETRACS Alerian Midstream is a strong investment it is important to analyze ETRACS Alerian's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ETRACS Alerian's future performance. For an informed investment choice regarding ETRACS Etf, refer to the following important reports:Check out ETRACS Alerian Correlation, ETRACS Alerian Volatility and ETRACS Alerian Alpha and Beta module to complement your research on ETRACS Alerian. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
ETRACS Alerian 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.