Trimtabs Donoghue Forlines Etf Market Value
| DFNV Etf | USD 37.05 0.14 0.38% |
| 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.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in TrimTabs Donoghue on June 3, 2024 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 180 days. TrimTabs Donoghue is related to or competes with Nexalin Technology, Kilroy Realty, Highwoods Properties, Karat Packaging, and Brookfield Real. 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 | 1.02 | |||
| Information Ratio | 0.0856 | |||
| Maximum Drawdown | 4.37 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.81 |
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 | 0.1764 | |||
| Jensen Alpha | 0.0843 | |||
| Total Risk Alpha | 0.049 | |||
| Sortino Ratio | 0.0806 | |||
| Treynor Ratio | 0.2131 |
TrimTabs Donoghue Backtested Returns
TrimTabs Donoghue appears to be very steady, given 3 months investment horizon. TrimTabs Donoghue owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the etf had a 0.26% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for TrimTabs Donoghue Forlines, which you can use to evaluate the volatility of the etf. Please review TrimTabs Donoghue's Semi Deviation of 0.7638, risk adjusted performance of 0.1764, and Coefficient Of Variation of 438.5 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.99, which indicates possible diversification benefits within a given portfolio. TrimTabs Donoghue returns are very sensitive to returns on the market. As the market goes up or down, TrimTabs Donoghue is expected to follow.
Auto-correlation | 0.53 |
Modest predictability
TrimTabs Donoghue Forlines has modest predictability. Overlapping area represents the amount of predictability between TrimTabs Donoghue time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 0.53 indicates that about 53.0% of current TrimTabs Donoghue price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 2.53 |
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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Thematic Opportunities
Explore Investment Opportunities
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.