Altrius Global Dividend Etf Market Value
| DIVD Etf | USD 33.49 0.21 0.63% |
| Symbol | Altrius |
The market value of Altrius Global Dividend is measured differently than its book value, which is the value of Altrius that is recorded on the company's balance sheet. Investors also form their own opinion of Altrius Global's value that differs from its market value or its book value, called intrinsic value, which is Altrius Global'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 Altrius Global's market value can be influenced by many factors that don't directly affect Altrius Global'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 Altrius Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altrius Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altrius Global'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.
Altrius Global '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 Altrius Global'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 Altrius Global.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Altrius Global on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Altrius Global Dividend or generate 0.0% return on investment in Altrius Global over 30 days. Altrius Global is related to or competes with Simplify Bitcoin, Invesco Exchange, IShares Emergent, and Invesco Exchange. To pursue its objective, the fund will invest at least 90 percent of its net assets, plus the amount of any borrowings f... More
Altrius Global 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 Altrius Global'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 Altrius Global Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7004 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.36 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.889 |
Altrius Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altrius Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altrius Global's standard deviation. In reality, there are many statistical measures that can use Altrius Global historical prices to predict the future Altrius Global's volatility.| Risk Adjusted Performance | 0.001 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Altrius Global's 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.
Altrius Global Dividend Backtested Returns
At this point, Altrius Global is very steady. Altrius Global Dividend secures Sharpe Ratio (or Efficiency) of 0.0413, which signifies that the etf had a 0.0413 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Altrius Global Dividend, which you can use to evaluate the volatility of the entity. Please confirm Altrius Global's Risk Adjusted Performance of 0.001, mean deviation of 0.524, and Downside Deviation of 0.7004 to double-check if the risk estimate we provide is consistent with the expected return of 0.0267%. The etf shows a Beta (market volatility) of 0.0865, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Altrius Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altrius Global is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
Altrius Global Dividend has good predictability. Overlapping area represents the amount of predictability between Altrius Global time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Altrius Global Dividend price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Altrius Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Altrius Global Dividend lagged returns against current returns
Autocorrelation, which is Altrius Global 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 Altrius Global's etf expected returns. We can calculate the autocorrelation of Altrius Global returns to help us make a trade decision. For example, suppose you find that Altrius Global 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 |
Altrius Global 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 Altrius Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altrius Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altrius Global etf over time.
Current vs Lagged Prices |
| Timeline |
Altrius Global Lagged Returns
When evaluating Altrius Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altrius Global etf have on its future price. Altrius Global 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, Altrius Global autocorrelation shows the relationship between Altrius Global etf current value and its past values and can show if there is a momentum factor associated with investing in Altrius Global Dividend.
Regressed Prices |
| Timeline |
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 Altrius Global Dividend is a strong investment it is important to analyze Altrius Global'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 Altrius Global's future performance. For an informed investment choice regarding Altrius Etf, refer to the following important reports:Check out Altrius Global Correlation, Altrius Global Volatility and Altrius Global Alpha and Beta module to complement your research on Altrius Global. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Altrius Global 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.