Ea Bridgeway Omni Etf Market Value
| BSVO Etf | 22.15 0.09 0.41% |
| Symbol | BSVO |
The market value of EA Bridgeway Omni is measured differently than its book value, which is the value of BSVO that is recorded on the company's balance sheet. Investors also form their own opinion of EA Bridgeway's value that differs from its market value or its book value, called intrinsic value, which is EA Bridgeway'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 EA Bridgeway's market value can be influenced by many factors that don't directly affect EA Bridgeway'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 EA Bridgeway's value and its price as these two are different measures arrived at by different means. Investors typically determine if EA Bridgeway is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EA Bridgeway'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.
EA Bridgeway '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 EA Bridgeway'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 EA Bridgeway.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in EA Bridgeway on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding EA Bridgeway Omni or generate 0.0% return on investment in EA Bridgeway over 30 days. EA Bridgeway is related to or competes with Distillate Fundamental, ETF Series, Fairlead Tactical, VanEck ETF, and Pacer Small. EA Bridgeway is entity of United States. It is traded as Etf on NASDAQ exchange. More
EA Bridgeway 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 EA Bridgeway'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 EA Bridgeway Omni upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.67 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.84 |
EA Bridgeway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EA Bridgeway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EA Bridgeway's standard deviation. In reality, there are many statistical measures that can use EA Bridgeway historical prices to predict the future EA Bridgeway's volatility.| Risk Adjusted Performance | 0.0447 | |||
| Jensen Alpha | 0.0242 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1299 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EA Bridgeway'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.
EA Bridgeway Omni Backtested Returns
As of now, BSVO Etf is very steady. EA Bridgeway Omni retains Efficiency (Sharpe Ratio) of 0.0625, which denotes the etf had a 0.0625 % return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for EA Bridgeway, which you can use to evaluate the volatility of the entity. Please confirm EA Bridgeway's Downside Deviation of 1.13, market risk adjusted performance of 0.1399, and Standard Deviation of 1.38 to check if the risk estimate we provide is consistent with the expected return of 0.0882%. The entity owns a Beta (Systematic Risk) of 0.44, which means possible diversification benefits within a given portfolio. As returns on the market increase, EA Bridgeway's returns are expected to increase less than the market. However, during the bear market, the loss of holding EA Bridgeway is expected to be smaller as well.
Auto-correlation | -0.32 |
Poor reverse predictability
EA Bridgeway Omni has poor reverse predictability. Overlapping area represents the amount of predictability between EA Bridgeway time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of EA Bridgeway Omni price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current EA Bridgeway price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
EA Bridgeway Omni lagged returns against current returns
Autocorrelation, which is EA Bridgeway 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 EA Bridgeway's etf expected returns. We can calculate the autocorrelation of EA Bridgeway returns to help us make a trade decision. For example, suppose you find that EA Bridgeway 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 |
EA Bridgeway 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 EA Bridgeway etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EA Bridgeway etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EA Bridgeway etf over time.
Current vs Lagged Prices |
| Timeline |
EA Bridgeway Lagged Returns
When evaluating EA Bridgeway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EA Bridgeway etf have on its future price. EA Bridgeway 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, EA Bridgeway autocorrelation shows the relationship between EA Bridgeway etf current value and its past values and can show if there is a momentum factor associated with investing in EA Bridgeway Omni.
Regressed Prices |
| Timeline |
Pair Trading with EA Bridgeway
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 EA Bridgeway 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 EA Bridgeway will appreciate offsetting losses from the drop in the long position's value.Moving together with BSVO Etf
| 0.97 | VBR | Vanguard Small Cap | PairCorr |
| 0.98 | IWN | iShares Russell 2000 | PairCorr |
| 0.99 | DFAT | Dimensional Targeted | PairCorr |
| 0.9 | IJS | iShares SP Small | PairCorr |
| 0.98 | SLYV | SPDR SP 600 | PairCorr |
Moving against BSVO Etf
The ability to find closely correlated positions to EA Bridgeway could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EA Bridgeway 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 EA Bridgeway - 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 EA Bridgeway Omni to buy it.
The correlation of EA Bridgeway 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 EA Bridgeway moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EA Bridgeway Omni 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 EA Bridgeway 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 EA Bridgeway Correlation, EA Bridgeway Volatility and EA Bridgeway Alpha and Beta module to complement your research on EA Bridgeway. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
EA Bridgeway 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.