Kovitz Core Equity Etf Market Value
| EQTY Etf | 24.47 0.12 0.49% |
| Symbol | Kovitz |
The market value of Kovitz Core Equity is measured differently than its book value, which is the value of Kovitz that is recorded on the company's balance sheet. Investors also form their own opinion of Kovitz Core's value that differs from its market value or its book value, called intrinsic value, which is Kovitz Core'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 Kovitz Core's market value can be influenced by many factors that don't directly affect Kovitz Core'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 Kovitz Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kovitz Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kovitz Core'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.
Kovitz Core '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 Kovitz Core'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 Kovitz Core.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kovitz Core on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Kovitz Core Equity or generate 0.0% return on investment in Kovitz Core over 180 days. Kovitz Core is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Dividend, Vanguard Large, Invesco SP, and IShares Russell. Kovitz Core is entity of United States. It is traded as Etf on NYSE ARCA exchange. More
Kovitz Core 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 Kovitz Core'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 Kovitz Core Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7562 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.66 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.09 |
Kovitz Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kovitz Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kovitz Core's standard deviation. In reality, there are many statistical measures that can use Kovitz Core historical prices to predict the future Kovitz Core's volatility.| Risk Adjusted Performance | 0.1361 | |||
| Jensen Alpha | 0.0122 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.142 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kovitz Core'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.
Kovitz Core Equity Backtested Returns
At this stage we consider Kovitz Etf to be very steady. Kovitz Core Equity has Sharpe Ratio of 0.2, which conveys that the entity had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for Kovitz Core, which you can use to evaluate the volatility of the etf. Please verify Kovitz Core's Mean Deviation of 0.5502, risk adjusted performance of 0.1361, and Downside Deviation of 0.7562 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. The etf secures a Beta (Market Risk) of 0.85, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kovitz Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kovitz Core is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
Kovitz Core Equity has modest predictability. Overlapping area represents the amount of predictability between Kovitz Core time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Kovitz Core Equity price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Kovitz Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Kovitz Core Equity lagged returns against current returns
Autocorrelation, which is Kovitz Core 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 Kovitz Core's etf expected returns. We can calculate the autocorrelation of Kovitz Core returns to help us make a trade decision. For example, suppose you find that Kovitz Core 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 |
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Kovitz Core 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 Kovitz Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kovitz Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kovitz Core etf over time.
Current vs Lagged Prices |
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Kovitz Core Lagged Returns
When evaluating Kovitz Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kovitz Core etf have on its future price. Kovitz Core 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, Kovitz Core autocorrelation shows the relationship between Kovitz Core etf current value and its past values and can show if there is a momentum factor associated with investing in Kovitz Core Equity.
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 Kovitz Core Equity offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kovitz Core's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kovitz Core Equity Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Kovitz Core Equity Etf:Check out Kovitz Core Correlation, Kovitz Core Volatility and Kovitz Core Alpha and Beta module to complement your research on Kovitz Core. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Kovitz Core 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.