Distillate Fundamental Stability Etf Market Value
| DSTL Etf | USD 58.17 0.38 0.66% |
| Symbol | Distillate |
The market value of Distillate Fundamental is measured differently than its book value, which is the value of Distillate that is recorded on the company's balance sheet. Investors also form their own opinion of Distillate Fundamental's value that differs from its market value or its book value, called intrinsic value, which is Distillate Fundamental'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 Distillate Fundamental's market value can be influenced by many factors that don't directly affect Distillate Fundamental'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 Distillate Fundamental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Distillate Fundamental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Distillate Fundamental'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.
Distillate Fundamental '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 Distillate Fundamental'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 Distillate Fundamental.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Distillate Fundamental on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Distillate Fundamental Stability or generate 0.0% return on investment in Distillate Fundamental over 720 days. Distillate Fundamental is related to or competes with Pacer Small, IShares ESG, Roundhill Acquirers, IShares MSCI, and WisdomTree Emerging. Under normal circumstances, at least 80 percent of the funds net assets, plus borrowings for investment purposes, will b... More
Distillate Fundamental 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 Distillate Fundamental'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 Distillate Fundamental Stability upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6385 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.33 |
Distillate Fundamental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Distillate Fundamental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Distillate Fundamental's standard deviation. In reality, there are many statistical measures that can use Distillate Fundamental historical prices to predict the future Distillate Fundamental's volatility.| Risk Adjusted Performance | 0.0823 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0837 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Distillate Fundamental'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.
Distillate Fundamental Backtested Returns
As of now, Distillate Etf is very steady. Distillate Fundamental secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the etf had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Distillate Fundamental Stability, which you can use to evaluate the volatility of the entity. Please confirm Distillate Fundamental's Coefficient Of Variation of 920.61, downside deviation of 0.6385, and Mean Deviation of 0.5878 to check if the risk estimate we provide is consistent with the expected return of 0.0743%. The etf shows a Beta (market volatility) of 0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, Distillate Fundamental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Distillate Fundamental is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Distillate Fundamental Stability has good predictability. Overlapping area represents the amount of predictability between Distillate Fundamental 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 Distillate Fundamental price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Distillate Fundamental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 8.31 |
Distillate Fundamental lagged returns against current returns
Autocorrelation, which is Distillate Fundamental 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 Distillate Fundamental's etf expected returns. We can calculate the autocorrelation of Distillate Fundamental returns to help us make a trade decision. For example, suppose you find that Distillate Fundamental 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 |
Distillate Fundamental 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 Distillate Fundamental etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Distillate Fundamental etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Distillate Fundamental etf over time.
Current vs Lagged Prices |
| Timeline |
Distillate Fundamental Lagged Returns
When evaluating Distillate Fundamental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Distillate Fundamental etf have on its future price. Distillate Fundamental 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, Distillate Fundamental autocorrelation shows the relationship between Distillate Fundamental etf current value and its past values and can show if there is a momentum factor associated with investing in Distillate Fundamental Stability.
Regressed Prices |
| Timeline |
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Distillate Fundamental 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.