Unity Wealth Partners Etf Market Value
| DCAP Etf | 21.51 0.01 0.05% |
| Symbol | Unity |
The market value of Unity Wealth Partners is measured differently than its book value, which is the value of Unity that is recorded on the company's balance sheet. Investors also form their own opinion of Unity Wealth's value that differs from its market value or its book value, called intrinsic value, which is Unity Wealth'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 Unity Wealth's market value can be influenced by many factors that don't directly affect Unity Wealth'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 Unity Wealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unity Wealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unity Wealth'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.
Unity Wealth '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 Unity Wealth'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 Unity Wealth.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Unity Wealth on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Unity Wealth Partners or generate 0.0% return on investment in Unity Wealth over 720 days. Unity Wealth is related to or competes with Cambria Micro, Invesco Actively, IShares Trust, EMCS, Research Affiliates, IShares MSCI, and Tidal Trust. Unity Wealth is entity of United States. It is traded as Etf on NASDAQ exchange. More
Unity Wealth 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 Unity Wealth'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 Unity Wealth Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6577 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.89 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 1.07 |
Unity Wealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unity Wealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unity Wealth's standard deviation. In reality, there are many statistical measures that can use Unity Wealth historical prices to predict the future Unity Wealth's volatility.| Risk Adjusted Performance | 0.1195 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1152 |
Unity Wealth Partners Backtested Returns
Currently, Unity Wealth Partners is very steady. Unity Wealth Partners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the etf had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Unity Wealth Partners, which you can use to evaluate the volatility of the etf. Please validate Unity Wealth's Risk Adjusted Performance of 0.1195, semi deviation of 0.4531, and Coefficient Of Variation of 636.77 to confirm if the risk estimate we provide is consistent with the expected return of 0.093%. The entity has a beta of 0.87, which indicates possible diversification benefits within a given portfolio. Unity Wealth returns are very sensitive to returns on the market. As the market goes up or down, Unity Wealth is expected to follow.
Auto-correlation | 0.00 |
No correlation between past and present
Unity Wealth Partners has no correlation between past and present. Overlapping area represents the amount of predictability between Unity Wealth time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Unity Wealth Partners price movement. The serial correlation of 0.0 indicates that just 0.0% of current Unity Wealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Unity Wealth Partners lagged returns against current returns
Autocorrelation, which is Unity Wealth 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 Unity Wealth's etf expected returns. We can calculate the autocorrelation of Unity Wealth returns to help us make a trade decision. For example, suppose you find that Unity Wealth 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 |
Unity Wealth 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 Unity Wealth etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unity Wealth etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unity Wealth etf over time.
Current vs Lagged Prices |
| Timeline |
Unity Wealth Lagged Returns
When evaluating Unity Wealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unity Wealth etf have on its future price. Unity Wealth 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, Unity Wealth autocorrelation shows the relationship between Unity Wealth etf current value and its past values and can show if there is a momentum factor associated with investing in Unity Wealth Partners.
Regressed Prices |
| Timeline |
Pair Trading with Unity Wealth
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 Unity Wealth 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 Unity Wealth will appreciate offsetting losses from the drop in the long position's value.Moving together with Unity Etf
| 0.95 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.98 | XYLD | Global X SP | PairCorr |
| 0.96 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.97 | RYLD | Global X Russell | PairCorr |
| 0.96 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
The ability to find closely correlated positions to Unity Wealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unity Wealth 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 Unity Wealth - 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 Unity Wealth Partners to buy it.
The correlation of Unity Wealth 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 Unity Wealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unity Wealth Partners 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 Unity Wealth 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 Unity Wealth Correlation, Unity Wealth Volatility and Unity Wealth Alpha and Beta module to complement your research on Unity Wealth. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Unity Wealth 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.