Aztlan Global Stock Etf Market Value
| AZTD Etf | USD 25.00 0.24 0.97% |
| Symbol | Aztlan |
The market value of Aztlan Global Stock is measured differently than its book value, which is the value of Aztlan that is recorded on the company's balance sheet. Investors also form their own opinion of Aztlan Global's value that differs from its market value or its book value, called intrinsic value, which is Aztlan Global'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 Aztlan Global's market value can be influenced by many factors that don't directly affect Aztlan Global'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 Aztlan Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aztlan Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aztlan Global'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.
Aztlan Global '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 Aztlan Global'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 Aztlan Global.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Aztlan Global on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Aztlan Global Stock or generate 0.0% return on investment in Aztlan Global over 180 days. Aztlan Global is related to or competes with Dimensional International, BNY Mellon, TrimTabs Donoghue, Two Roads, and Pacer BlueStar. The index is comprised of equity securities of companies from the following three developed markets regions More
Aztlan Global 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 Aztlan Global'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 Aztlan Global Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.6 |
Aztlan Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aztlan Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aztlan Global's standard deviation. In reality, there are many statistical measures that can use Aztlan Global historical prices to predict the future Aztlan Global's volatility.| Risk Adjusted Performance | 0.091 | |||
| Jensen Alpha | 0.0067 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1362 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aztlan Global'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.
Aztlan Global Stock Backtested Returns
At this point, Aztlan Global is somewhat reliable. Aztlan Global Stock secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the etf had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Aztlan Global Stock, which you can use to evaluate the volatility of the entity. Please confirm Aztlan Global's Risk Adjusted Performance of 0.091, downside deviation of 1.01, and Mean Deviation of 0.8177 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. The etf shows a Beta (market volatility) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aztlan Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aztlan Global is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
Aztlan Global Stock has below average predictability. Overlapping area represents the amount of predictability between Aztlan Global time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Aztlan Global Stock price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Aztlan Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Aztlan Global Stock lagged returns against current returns
Autocorrelation, which is Aztlan Global 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 Aztlan Global's etf expected returns. We can calculate the autocorrelation of Aztlan Global returns to help us make a trade decision. For example, suppose you find that Aztlan Global 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 |
Aztlan Global 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 Aztlan Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aztlan Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aztlan Global etf over time.
Current vs Lagged Prices |
| Timeline |
Aztlan Global Lagged Returns
When evaluating Aztlan Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aztlan Global etf have on its future price. Aztlan Global 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, Aztlan Global autocorrelation shows the relationship between Aztlan Global etf current value and its past values and can show if there is a momentum factor associated with investing in Aztlan Global Stock.
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 Aztlan Global Stock is a strong investment it is important to analyze Aztlan Global'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 Aztlan Global's future performance. For an informed investment choice regarding Aztlan Etf, refer to the following important reports:Check out Aztlan Global Correlation, Aztlan Global Volatility and Aztlan Global Alpha and Beta module to complement your research on Aztlan Global. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Aztlan Global 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.