Cambria Global Tail Etf Market Value
| FAIL Etf | USD 16.37 0.02 0.12% |
| Symbol | Cambria |
The market value of Cambria Global Tail is measured differently than its book value, which is the value of Cambria that is recorded on the company's balance sheet. Investors also form their own opinion of Cambria Global's value that differs from its market value or its book value, called intrinsic value, which is Cambria Global'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 Cambria Global's market value can be influenced by many factors that don't directly affect Cambria Global'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 Cambria Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cambria Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cambria Global'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.
Cambria Global '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 Cambria Global'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 Cambria Global.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Cambria Global on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Cambria Global Tail or generate 0.0% return on investment in Cambria Global over 180 days. Cambria Global is related to or competes with Cambria Tail, Cambria Trinity, Cambria Emerging, Cambria Global, and Cambria Global. Under normal market conditions, the funds bond portfolio invests at least 40 percent of its total assets in investment g... More
Cambria Global 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 Cambria Global'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 Cambria Global Tail upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 2.68 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 0.7164 |
Cambria Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambria Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cambria Global's standard deviation. In reality, there are many statistical measures that can use Cambria Global historical prices to predict the future Cambria Global's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.3335 |
Cambria Global Tail Backtested Returns
Cambria Global Tail secures Sharpe Ratio (or Efficiency) of -0.0705, which signifies that the etf had a -0.0705% return per unit of risk over the last 3 months. Cambria Global Tail exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cambria Global's Mean Deviation of 0.3605, risk adjusted performance of (0.07), and Standard Deviation of 0.4978 to double-check the risk estimate we provide. 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, returns on owning Cambria Global are expected to decrease at a much lower rate. During the bear market, Cambria Global is likely to outperform the market.
Auto-correlation | -0.64 |
Very good reverse predictability
Cambria Global Tail has very good reverse predictability. Overlapping area represents the amount of predictability between Cambria Global time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Cambria Global Tail price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Cambria Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Cambria Global Tail lagged returns against current returns
Autocorrelation, which is Cambria Global 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 Cambria Global's etf expected returns. We can calculate the autocorrelation of Cambria Global returns to help us make a trade decision. For example, suppose you find that Cambria Global 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 |
Cambria Global 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 Cambria Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cambria Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cambria Global etf over time.
Current vs Lagged Prices |
| Timeline |
Cambria Global Lagged Returns
When evaluating Cambria Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cambria Global etf have on its future price. Cambria Global 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, Cambria Global autocorrelation shows the relationship between Cambria Global etf current value and its past values and can show if there is a momentum factor associated with investing in Cambria Global Tail.
Regressed Prices |
| Timeline |
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