Roundhill Acquirers Deep Etf Market Value
| DEEP Etf | USD 37.04 0.26 0.71% |
| Symbol | Roundhill |
The market value of Roundhill Acquirers Deep is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Acquirers' value that differs from its market value or its book value, called intrinsic value, which is Roundhill Acquirers' 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 Roundhill Acquirers' market value can be influenced by many factors that don't directly affect Roundhill Acquirers' 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 Roundhill Acquirers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Acquirers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill Acquirers' 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.
Roundhill Acquirers '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 Roundhill Acquirers' 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 Roundhill Acquirers.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Roundhill Acquirers on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Roundhill Acquirers Deep or generate 0.0% return on investment in Roundhill Acquirers over 30 days. Roundhill Acquirers is related to or competes with Acquirers, IShares Focused, Distillate Fundamental, Alpha Architect, and Pacer Small. The index was established in 2020 by Acquirers Funds LLC and tracks the performance of a portfolio of 100 of the most un... More
Roundhill Acquirers 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 Roundhill Acquirers' 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 Roundhill Acquirers Deep upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.64 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.09 |
Roundhill Acquirers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roundhill Acquirers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roundhill Acquirers' standard deviation. In reality, there are many statistical measures that can use Roundhill Acquirers historical prices to predict the future Roundhill Acquirers' volatility.| Risk Adjusted Performance | 0.021 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0139 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roundhill Acquirers' 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.
Roundhill Acquirers Deep Backtested Returns
Currently, Roundhill Acquirers Deep is very steady. Roundhill Acquirers Deep maintains Sharpe Ratio (i.e., Efficiency) of 0.0371, which implies the entity had a 0.0371% return per unit of risk over the last 3 months. We have found thirty technical indicators for Roundhill Acquirers Deep, which you can use to evaluate the volatility of the etf. Please check Roundhill Acquirers' Coefficient Of Variation of 4477.27, semi deviation of 0.9606, and Risk Adjusted Performance of 0.021 to confirm if the risk estimate we provide is consistent with the expected return of 0.0472%. The etf holds a Beta of 1.29, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Roundhill Acquirers will likely underperform.
Auto-correlation | 0.67 |
Good predictability
Roundhill Acquirers Deep has good predictability. Overlapping area represents the amount of predictability between Roundhill Acquirers time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Roundhill Acquirers Deep price movement. The serial correlation of 0.67 indicates that around 67.0% of current Roundhill Acquirers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Roundhill Acquirers Deep lagged returns against current returns
Autocorrelation, which is Roundhill Acquirers 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 Roundhill Acquirers' etf expected returns. We can calculate the autocorrelation of Roundhill Acquirers returns to help us make a trade decision. For example, suppose you find that Roundhill Acquirers 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 |
Roundhill Acquirers 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 Roundhill Acquirers etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roundhill Acquirers etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roundhill Acquirers etf over time.
Current vs Lagged Prices |
| Timeline |
Roundhill Acquirers Lagged Returns
When evaluating Roundhill Acquirers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roundhill Acquirers etf have on its future price. Roundhill Acquirers 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, Roundhill Acquirers autocorrelation shows the relationship between Roundhill Acquirers etf current value and its past values and can show if there is a momentum factor associated with investing in Roundhill Acquirers Deep.
Regressed Prices |
| Timeline |
Pair Trading with Roundhill Acquirers
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 Roundhill Acquirers 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 Roundhill Acquirers will appreciate offsetting losses from the drop in the long position's value.Moving together with Roundhill Etf
| 0.81 | VBR | Vanguard Small Cap | PairCorr |
| 0.89 | IWN | iShares Russell 2000 | PairCorr |
| 0.87 | DFAT | Dimensional Targeted | PairCorr |
| 0.87 | IJS | iShares SP Small | PairCorr |
| 0.88 | SLYV | SPDR SP 600 | PairCorr |
The ability to find closely correlated positions to Roundhill Acquirers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roundhill Acquirers 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 Roundhill Acquirers - 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 Roundhill Acquirers Deep to buy it.
The correlation of Roundhill Acquirers 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 Roundhill Acquirers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roundhill Acquirers Deep 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 Roundhill Acquirers 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 Roundhill Acquirers Correlation, Roundhill Acquirers Volatility and Roundhill Acquirers Alpha and Beta module to complement your research on Roundhill Acquirers. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Roundhill Acquirers 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.