Aptus Defined Risk Etf Market Value
| DRSK Etf | USD 27.78 0.08 0.29% |
| Symbol | Aptus |
The market value of Aptus Defined Risk is measured differently than its book value, which is the value of Aptus that is recorded on the company's balance sheet. Investors also form their own opinion of Aptus Defined's value that differs from its market value or its book value, called intrinsic value, which is Aptus Defined'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 Aptus Defined's market value can be influenced by many factors that don't directly affect Aptus Defined'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 Aptus Defined's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aptus Defined is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aptus Defined'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.
Aptus Defined '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 Aptus Defined'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 Aptus Defined.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Aptus Defined on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Aptus Defined Risk or generate 0.0% return on investment in Aptus Defined over 150 days. Aptus Defined is related to or competes with Amplify BlackSwan, Aptus Collared, Aptus Drawdown, Cambria Tail, and Invesco SP. The fund is an actively managed exchange-traded fund that seeks to achieve its objective through a hybrid fixed income a... More
Aptus Defined 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 Aptus Defined'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 Aptus Defined Risk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.527 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.33 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 1.05 |
Aptus Defined Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aptus Defined's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aptus Defined's standard deviation. In reality, there are many statistical measures that can use Aptus Defined historical prices to predict the future Aptus Defined's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.0046 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aptus Defined'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.
Aptus Defined Risk Backtested Returns
As of now, Aptus Etf is very steady. Aptus Defined Risk secures Sharpe Ratio (or Efficiency) of 0.059, which signifies that the etf had a 0.059 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Aptus Defined Risk, which you can use to evaluate the volatility of the entity. Please confirm Aptus Defined's Downside Deviation of 0.527, risk adjusted performance of 0.0111, and Mean Deviation of 0.4033 to double-check if the risk estimate we provide is consistent with the expected return of 0.0316%. The etf shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aptus Defined's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aptus Defined is expected to be smaller as well.
Auto-correlation | 0.34 |
Below average predictability
Aptus Defined Risk has below average predictability. Overlapping area represents the amount of predictability between Aptus Defined time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 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 Aptus Defined Risk price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Aptus Defined price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Aptus Defined Risk lagged returns against current returns
Autocorrelation, which is Aptus Defined 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 Aptus Defined's etf expected returns. We can calculate the autocorrelation of Aptus Defined returns to help us make a trade decision. For example, suppose you find that Aptus Defined 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 |
Aptus Defined 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 Aptus Defined etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aptus Defined etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aptus Defined etf over time.
Current vs Lagged Prices |
| Timeline |
Aptus Defined Lagged Returns
When evaluating Aptus Defined's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aptus Defined etf have on its future price. Aptus Defined 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, Aptus Defined autocorrelation shows the relationship between Aptus Defined etf current value and its past values and can show if there is a momentum factor associated with investing in Aptus Defined Risk.
Regressed Prices |
| Timeline |
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Aptus Defined 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.