Flaherty And Crumrine Etf Market Value
| DFP Etf | USD 20.41 0.21 1.04% |
| Symbol | Flaherty |
The market value of Flaherty and Crumrine is measured differently than its book value, which is the value of Flaherty that is recorded on the company's balance sheet. Investors also form their own opinion of Flaherty's value that differs from its market value or its book value, called intrinsic value, which is Flaherty'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 Flaherty's market value can be influenced by many factors that don't directly affect Flaherty'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 Flaherty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Flaherty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flaherty'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.
Flaherty '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 Flaherty'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 Flaherty.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Flaherty on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Flaherty and Crumrine or generate 0.0% return on investment in Flaherty over 90 days. Flaherty is related to or competes with Tekla World, Tekla Healthcare, Tekla Life, Cohen, Flaherty Crumrine, Flaherty Crumrine, and Flaherty Crumrine. Flaherty Crumrine Dynamic Preferred and Income Fund Inc More
Flaherty 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 Flaherty'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 Flaherty and Crumrine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5125 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.28 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.9323 |
Flaherty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flaherty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flaherty's standard deviation. In reality, there are many statistical measures that can use Flaherty historical prices to predict the future Flaherty's volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | 0.0073 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.211 |
Flaherty and Crumrine Backtested Returns
Currently, Flaherty and Crumrine is very steady. Flaherty and Crumrine secures Sharpe Ratio (or Efficiency) of 0.0379, which denotes the etf had a 0.0379% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Flaherty and Crumrine, which you can use to evaluate the volatility of the entity. Please confirm Flaherty's Semi Deviation of 0.4314, downside deviation of 0.5125, and Mean Deviation of 0.4555 to check if the risk estimate we provide is consistent with the expected return of 0.0211%. The etf shows a Beta (market volatility) of 0.0768, which means not very significant fluctuations relative to the market. As returns on the market increase, Flaherty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Flaherty is expected to be smaller as well.
Auto-correlation | -0.6 |
Good reverse predictability
Flaherty and Crumrine has good reverse predictability. Overlapping area represents the amount of predictability between Flaherty time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Flaherty and Crumrine price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Flaherty price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Flaherty and Crumrine lagged returns against current returns
Autocorrelation, which is Flaherty 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 Flaherty's etf expected returns. We can calculate the autocorrelation of Flaherty returns to help us make a trade decision. For example, suppose you find that Flaherty 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 |
Flaherty 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 Flaherty etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flaherty etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flaherty etf over time.
Current vs Lagged Prices |
| Timeline |
Flaherty Lagged Returns
When evaluating Flaherty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flaherty etf have on its future price. Flaherty 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, Flaherty autocorrelation shows the relationship between Flaherty etf current value and its past values and can show if there is a momentum factor associated with investing in Flaherty and Crumrine.
Regressed Prices |
| Timeline |
Pair Trading with Flaherty
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 Flaherty 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 Flaherty will appreciate offsetting losses from the drop in the long position's value.Moving together with Flaherty Etf
Moving against Flaherty Etf
| 0.66 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.56 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.49 | SQY | Tidal Trust II | PairCorr |
| 0.43 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.4 | CVX | Chevron Corp Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Flaherty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flaherty 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 Flaherty - 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 Flaherty and Crumrine to buy it.
The correlation of Flaherty 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 Flaherty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Flaherty and Crumrine 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 Flaherty 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.Other Information on Investing in Flaherty Etf
Flaherty financial ratios help investors to determine whether Flaherty Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Flaherty with respect to the benefits of owning Flaherty security.