3edge Dynamic Fixed Etf Market Value
| EDGF Etf | 24.59 0.02 0.08% |
| Symbol | 3EDGE |
The market value of 3EDGE Dynamic Fixed is measured differently than its book value, which is the value of 3EDGE that is recorded on the company's balance sheet. Investors also form their own opinion of 3EDGE Dynamic's value that differs from its market value or its book value, called intrinsic value, which is 3EDGE Dynamic'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 3EDGE Dynamic's market value can be influenced by many factors that don't directly affect 3EDGE Dynamic'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 3EDGE Dynamic's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3EDGE Dynamic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3EDGE Dynamic'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.
3EDGE Dynamic '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 3EDGE Dynamic'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 3EDGE Dynamic.
| 01/04/2025 |
| 02/03/2025 |
If you would invest 0.00 in 3EDGE Dynamic on January 4, 2025 and sell it all today you would earn a total of 0.00 from holding 3EDGE Dynamic Fixed or generate 0.0% return on investment in 3EDGE Dynamic over 30 days. 3EDGE Dynamic is related to or competes with First Trust, Vanguard Intermediate, Vanguard Long, Vanguard Short, IDX Dynamic, and First Trust. 3EDGE Dynamic is entity of United States More
3EDGE Dynamic 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 3EDGE Dynamic'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 3EDGE Dynamic Fixed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 0.8149 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.2855 |
3EDGE Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 3EDGE Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 3EDGE Dynamic's standard deviation. In reality, there are many statistical measures that can use 3EDGE Dynamic historical prices to predict the future 3EDGE Dynamic's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (1.69) |
3EDGE Dynamic Fixed Backtested Returns
At this point, 3EDGE Dynamic is very steady. 3EDGE Dynamic Fixed secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the etf had a close to zero % return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for 3EDGE Dynamic Fixed, which you can use to evaluate the volatility of the entity. Please confirm 3EDGE Dynamic's Risk Adjusted Performance of (0.05), variance of 0.0214, and Mean Deviation of 0.105 to double-check if the risk estimate we provide is consistent with the expected return of 0.0015%. The etf shows a Beta (market volatility) of 0.0066, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 3EDGE Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding 3EDGE Dynamic is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
3EDGE Dynamic Fixed has modest predictability. Overlapping area represents the amount of predictability between 3EDGE Dynamic time series from 4th of January 2025 to 19th of January 2025 and 19th of January 2025 to 3rd 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 3EDGE Dynamic Fixed price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current 3EDGE Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
3EDGE Dynamic Fixed lagged returns against current returns
Autocorrelation, which is 3EDGE Dynamic 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 3EDGE Dynamic's etf expected returns. We can calculate the autocorrelation of 3EDGE Dynamic returns to help us make a trade decision. For example, suppose you find that 3EDGE Dynamic 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 |
3EDGE Dynamic 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 3EDGE Dynamic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 3EDGE Dynamic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 3EDGE Dynamic etf over time.
Current vs Lagged Prices |
| Timeline |
3EDGE Dynamic Lagged Returns
When evaluating 3EDGE Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 3EDGE Dynamic etf have on its future price. 3EDGE Dynamic 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, 3EDGE Dynamic autocorrelation shows the relationship between 3EDGE Dynamic etf current value and its past values and can show if there is a momentum factor associated with investing in 3EDGE Dynamic Fixed.
Regressed Prices |
| Timeline |
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Check out 3EDGE Dynamic Correlation, 3EDGE Dynamic Volatility and 3EDGE Dynamic Alpha and Beta module to complement your research on 3EDGE Dynamic. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
3EDGE Dynamic 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.