Trimtabs Donoghue Forlines Etf Market Value
| DFHY Etf | USD 21.26 0.03 0.14% |
| Symbol | TrimTabs |
The market value of TrimTabs Donoghue is measured differently than its book value, which is the value of TrimTabs that is recorded on the company's balance sheet. Investors also form their own opinion of TrimTabs Donoghue's value that differs from its market value or its book value, called intrinsic value, which is TrimTabs Donoghue'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 TrimTabs Donoghue's market value can be influenced by many factors that don't directly affect TrimTabs Donoghue'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 TrimTabs Donoghue's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrimTabs Donoghue is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrimTabs Donoghue'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.
TrimTabs Donoghue '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 TrimTabs Donoghue'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 TrimTabs Donoghue.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in TrimTabs Donoghue on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding TrimTabs Donoghue Forlines or generate 0.0% return on investment in TrimTabs Donoghue over 720 days. TrimTabs Donoghue is related to or competes with IShares Interest, IShares Interest, and WisdomTree Interest. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80 percent of its net ... More
TrimTabs Donoghue 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 TrimTabs Donoghue'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 TrimTabs Donoghue Forlines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2235 | |||
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.13 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.3289 |
TrimTabs Donoghue Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TrimTabs Donoghue's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TrimTabs Donoghue's standard deviation. In reality, there are many statistical measures that can use TrimTabs Donoghue historical prices to predict the future TrimTabs Donoghue's volatility.| Risk Adjusted Performance | 0.0032 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.39) | |||
| Treynor Ratio | (0.04) |
TrimTabs Donoghue Backtested Returns
At this stage we consider TrimTabs Etf to be very steady. TrimTabs Donoghue owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0084, which indicates the etf had a 0.0084% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for TrimTabs Donoghue Forlines, which you can use to evaluate the volatility of the etf. Please validate TrimTabs Donoghue's Semi Deviation of 0.1812, risk adjusted performance of 0.0032, and Coefficient Of Variation of 2635.97 to confirm if the risk estimate we provide is consistent with the expected return of 0.0017%. The entity has a beta of 0.0503, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TrimTabs Donoghue's returns are expected to increase less than the market. However, during the bear market, the loss of holding TrimTabs Donoghue is expected to be smaller as well.
Auto-correlation | -0.02 |
Very weak reverse predictability
TrimTabs Donoghue Forlines has very weak reverse predictability. Overlapping area represents the amount of predictability between TrimTabs Donoghue time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 TrimTabs Donoghue price movement. The serial correlation of -0.02 indicates that only 2.0% of current TrimTabs Donoghue price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
TrimTabs Donoghue lagged returns against current returns
Autocorrelation, which is TrimTabs Donoghue 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 TrimTabs Donoghue's etf expected returns. We can calculate the autocorrelation of TrimTabs Donoghue returns to help us make a trade decision. For example, suppose you find that TrimTabs Donoghue 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 |
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TrimTabs Donoghue 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 TrimTabs Donoghue etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TrimTabs Donoghue etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TrimTabs Donoghue etf over time.
Current vs Lagged Prices |
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TrimTabs Donoghue Lagged Returns
When evaluating TrimTabs Donoghue's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TrimTabs Donoghue etf have on its future price. TrimTabs Donoghue 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, TrimTabs Donoghue autocorrelation shows the relationship between TrimTabs Donoghue etf current value and its past values and can show if there is a momentum factor associated with investing in TrimTabs Donoghue Forlines.
Regressed Prices |
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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 TrimTabs Donoghue is a strong investment it is important to analyze TrimTabs Donoghue'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 TrimTabs Donoghue's future performance. For an informed investment choice regarding TrimTabs Etf, refer to the following important reports:Check out TrimTabs Donoghue Correlation, TrimTabs Donoghue Volatility and TrimTabs Donoghue Alpha and Beta module to complement your research on TrimTabs Donoghue. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
TrimTabs Donoghue 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.