Trueshares Active Yield Etf Market Value
| ERNZ Etf | 20.69 0.14 0.68% |
| Symbol | TrueShares |
The market value of TrueShares Active Yield is measured differently than its book value, which is the value of TrueShares that is recorded on the company's balance sheet. Investors also form their own opinion of TrueShares Active's value that differs from its market value or its book value, called intrinsic value, which is TrueShares Active'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 TrueShares Active's market value can be influenced by many factors that don't directly affect TrueShares Active'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 TrueShares Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueShares Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueShares Active'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.
TrueShares Active '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 TrueShares Active'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 TrueShares Active.
| 01/18/2024 |
| 01/07/2026 |
If you would invest 0.00 in TrueShares Active on January 18, 2024 and sell it all today you would earn a total of 0.00 from holding TrueShares Active Yield or generate 0.0% return on investment in TrueShares Active over 720 days. TrueShares Active is related to or competes with VictoryShares Multi, Invesco DWA, IShares Oil, WisdomTree Global, 2023 EFT, Freedom Day, and WisdomTree Emerging. TrueShares Active is entity of United States More
TrueShares Active 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 TrueShares Active'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 TrueShares Active Yield upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.73 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 0.9205 |
TrueShares Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TrueShares Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TrueShares Active's standard deviation. In reality, there are many statistical measures that can use TrueShares Active historical prices to predict the future TrueShares Active's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.11) |
TrueShares Active Yield Backtested Returns
TrueShares Active Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0433, which indicates the etf had a -0.0433 % return per unit of risk over the last 3 months. TrueShares Active Yield exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TrueShares Active's Coefficient Of Variation of (1,076), variance of 0.4584, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TrueShares Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding TrueShares Active is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
TrueShares Active Yield has insignificant reverse predictability. Overlapping area represents the amount of predictability between TrueShares Active time series from 18th of January 2024 to 12th of January 2025 and 12th of January 2025 to 7th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TrueShares Active Yield price movement. The serial correlation of -0.14 indicates that less than 14.0% of current TrueShares Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
TrueShares Active Yield lagged returns against current returns
Autocorrelation, which is TrueShares Active 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 TrueShares Active's etf expected returns. We can calculate the autocorrelation of TrueShares Active returns to help us make a trade decision. For example, suppose you find that TrueShares Active 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 |
TrueShares Active 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 TrueShares Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TrueShares Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TrueShares Active etf over time.
Current vs Lagged Prices |
| Timeline |
TrueShares Active Lagged Returns
When evaluating TrueShares Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TrueShares Active etf have on its future price. TrueShares Active 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, TrueShares Active autocorrelation shows the relationship between TrueShares Active etf current value and its past values and can show if there is a momentum factor associated with investing in TrueShares Active Yield.
Regressed Prices |
| Timeline |
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Check out TrueShares Active Correlation, TrueShares Active Volatility and TrueShares Active Alpha and Beta module to complement your research on TrueShares Active. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
TrueShares Active 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.