Teucrium Corn Etf Market Value
| CORN Etf | USD 18.08 0.21 1.15% |
| Symbol | Teucrium |
The market value of Teucrium Corn is measured differently than its book value, which is the value of Teucrium that is recorded on the company's balance sheet. Investors also form their own opinion of Teucrium Corn's value that differs from its market value or its book value, called intrinsic value, which is Teucrium Corn'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 Teucrium Corn's market value can be influenced by many factors that don't directly affect Teucrium Corn'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 Teucrium Corn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teucrium Corn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teucrium Corn'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.
Teucrium Corn '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 Teucrium Corn'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 Teucrium Corn.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Teucrium Corn on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Teucrium Corn or generate 0.0% return on investment in Teucrium Corn over 180 days. Teucrium Corn is related to or competes with Teucrium Wheat, Teucrium Soybean, and Teucrium Sugar. The Benchmark is a weighted average of the closing settlement prices for three futures contracts for corn that are trade... More
Teucrium Corn 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 Teucrium Corn'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 Teucrium Corn upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8311 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.62 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.32 |
Teucrium Corn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teucrium Corn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teucrium Corn's standard deviation. In reality, there are many statistical measures that can use Teucrium Corn historical prices to predict the future Teucrium Corn's volatility.| Risk Adjusted Performance | 0.0529 | |||
| Jensen Alpha | 0.0411 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.5067 |
Teucrium Corn Backtested Returns
As of now, Teucrium Etf is very steady. Teucrium Corn owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the etf had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Teucrium Corn, which you can use to evaluate the volatility of the etf. Please validate Teucrium Corn's Coefficient Of Variation of 1460.9, semi deviation of 0.7665, and Risk Adjusted Performance of 0.0529 to confirm if the risk estimate we provide is consistent with the expected return of 0.0876%. The entity has a beta of 0.0975, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Teucrium Corn's returns are expected to increase less than the market. However, during the bear market, the loss of holding Teucrium Corn is expected to be smaller as well.
Auto-correlation | -0.44 |
Modest reverse predictability
Teucrium Corn has modest reverse predictability. Overlapping area represents the amount of predictability between Teucrium Corn time series from 26th of May 2024 to 24th of August 2024 and 24th of August 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 Teucrium Corn price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Teucrium Corn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Teucrium Corn lagged returns against current returns
Autocorrelation, which is Teucrium Corn 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 Teucrium Corn's etf expected returns. We can calculate the autocorrelation of Teucrium Corn returns to help us make a trade decision. For example, suppose you find that Teucrium Corn 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 |
Teucrium Corn 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 Teucrium Corn etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teucrium Corn etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teucrium Corn etf over time.
Current vs Lagged Prices |
| Timeline |
Teucrium Corn Lagged Returns
When evaluating Teucrium Corn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teucrium Corn etf have on its future price. Teucrium Corn 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, Teucrium Corn autocorrelation shows the relationship between Teucrium Corn etf current value and its past values and can show if there is a momentum factor associated with investing in Teucrium Corn.
Regressed Prices |
| Timeline |
Pair Trading with Teucrium Corn
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 Teucrium Corn 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 Teucrium Corn will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Teucrium Corn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Teucrium Corn 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 Teucrium Corn - 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 Teucrium Corn to buy it.
The correlation of Teucrium Corn 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 Teucrium Corn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Teucrium Corn 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 Teucrium Corn 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 Teucrium Corn Correlation, Teucrium Corn Volatility and Teucrium Corn Alpha and Beta module to complement your research on Teucrium Corn. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Teucrium Corn 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.