Burney Factor Rotation Etf Market Value
| BRNY Etf | USD 42.74 0.42 0.99% |
| Symbol | Burney |
The market value of Burney Factor Rotation is measured differently than its book value, which is the value of Burney that is recorded on the company's balance sheet. Investors also form their own opinion of Burney Factor's value that differs from its market value or its book value, called intrinsic value, which is Burney Factor'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 Burney Factor's market value can be influenced by many factors that don't directly affect Burney Factor'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 Burney Factor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Burney Factor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Burney Factor'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.
Burney Factor '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 Burney Factor'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 Burney Factor.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Burney Factor on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Burney Factor Rotation or generate 0.0% return on investment in Burney Factor over 30 days. Burney Factor is related to or competes with Invesco BulletShares, Invesco BulletShares, and Invesco BulletShares. The fund is an actively managed exchange-traded fund that seeks long term growth of capital More
Burney Factor 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 Burney Factor'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 Burney Factor Rotation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8588 | |||
| Information Ratio | 0.0582 | |||
| Maximum Drawdown | 4.44 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.76 |
Burney Factor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Burney Factor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Burney Factor's standard deviation. In reality, there are many statistical measures that can use Burney Factor historical prices to predict the future Burney Factor's volatility.| Risk Adjusted Performance | 0.137 | |||
| Jensen Alpha | 0.0549 | |||
| Total Risk Alpha | 0.0332 | |||
| Sortino Ratio | 0.0623 | |||
| Treynor Ratio | 0.1552 |
Burney Factor Rotation Backtested Returns
At this stage we consider Burney Etf to be very steady. Burney Factor Rotation secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Burney Factor Rotation, which you can use to evaluate the volatility of the entity. Please confirm Burney Factor's Downside Deviation of 0.8588, risk adjusted performance of 0.137, and Mean Deviation of 0.6598 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 0.99, which signifies possible diversification benefits within a given portfolio. Burney Factor returns are very sensitive to returns on the market. As the market goes up or down, Burney Factor is expected to follow.
Auto-correlation | 0.44 |
Average predictability
Burney Factor Rotation has average predictability. Overlapping area represents the amount of predictability between Burney Factor 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 Burney Factor Rotation price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Burney Factor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Burney Factor Rotation lagged returns against current returns
Autocorrelation, which is Burney Factor 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 Burney Factor's etf expected returns. We can calculate the autocorrelation of Burney Factor returns to help us make a trade decision. For example, suppose you find that Burney Factor 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 |
Burney Factor 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 Burney Factor etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Burney Factor etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Burney Factor etf over time.
Current vs Lagged Prices |
| Timeline |
Burney Factor Lagged Returns
When evaluating Burney Factor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Burney Factor etf have on its future price. Burney Factor 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, Burney Factor autocorrelation shows the relationship between Burney Factor etf current value and its past values and can show if there is a momentum factor associated with investing in Burney Factor Rotation.
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 Burney Factor Rotation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Burney Factor's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Burney Factor Rotation Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Burney Factor Rotation Etf:Check out Burney Factor Correlation, Burney Factor Volatility and Burney Factor Alpha and Beta module to complement your research on Burney Factor. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Burney Factor 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.