Professionally Managed Portfolios Etf Market Value
| CAFX Etf | 24.56 0.01 0.04% |
| Symbol | Professionally |
The market value of Professionally Managed is measured differently than its book value, which is the value of Professionally that is recorded on the company's balance sheet. Investors also form their own opinion of Professionally Managed's value that differs from its market value or its book value, called intrinsic value, which is Professionally Managed'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 Professionally Managed's market value can be influenced by many factors that don't directly affect Professionally Managed'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 Professionally Managed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Professionally Managed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Professionally Managed'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.
Professionally Managed '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 Professionally Managed'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 Professionally Managed.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Professionally Managed on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Professionally Managed Portfolios or generate 0.0% return on investment in Professionally Managed over 60 days. Professionally Managed is related to or competes with Blackrock Muniholdings, MFS Investment, Eaton Vance, Invesco High, Nuveen California, RiverNorth Managed, and Blackrock Muniholdings. Professionally Managed is entity of United States More
Professionally Managed 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 Professionally Managed'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 Professionally Managed Portfolios upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.64) | |||
| Maximum Drawdown | 1.88 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.2441 |
Professionally Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Professionally Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Professionally Managed's standard deviation. In reality, there are many statistical measures that can use Professionally Managed historical prices to predict the future Professionally Managed's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (1.52) |
Professionally Managed Backtested Returns
Professionally Managed is out of control given 3 months investment horizon. Professionally Managed maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 18.15% are justified by taking the suggested risk. Use Professionally Managed Risk Adjusted Performance of (0.12), coefficient of variation of (782.03), and Variance of 0.0648 to evaluate company specific risk that cannot be diversified away. The etf holds a Beta of 0.028, which implies not very significant fluctuations relative to the market. As returns on the market increase, Professionally Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Professionally Managed is expected to be smaller as well.
Auto-correlation | 0.38 |
Below average predictability
Professionally Managed Portfolios has below average predictability. Overlapping area represents the amount of predictability between Professionally Managed time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 Professionally Managed price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Professionally Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Professionally Managed lagged returns against current returns
Autocorrelation, which is Professionally Managed 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 Professionally Managed's etf expected returns. We can calculate the autocorrelation of Professionally Managed returns to help us make a trade decision. For example, suppose you find that Professionally Managed 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 |
Professionally Managed 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 Professionally Managed etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Professionally Managed etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Professionally Managed etf over time.
Current vs Lagged Prices |
| Timeline |
Professionally Managed Lagged Returns
When evaluating Professionally Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Professionally Managed etf have on its future price. Professionally Managed 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, Professionally Managed autocorrelation shows the relationship between Professionally Managed etf current value and its past values and can show if there is a momentum factor associated with investing in Professionally Managed Portfolios.
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 Professionally Managed is a strong investment it is important to analyze Professionally Managed'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 Professionally Managed's future performance. For an informed investment choice regarding Professionally Etf, refer to the following important reports:Check out Professionally Managed Correlation, Professionally Managed Volatility and Professionally Managed Alpha and Beta module to complement your research on Professionally Managed. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Professionally Managed 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.