Inspire Faithward Mid Etf Market Value
| GLRY Etf | USD 32.64 0.42 1.30% |
| Symbol | Inspire |
The market value of Inspire Faithward Mid is measured differently than its book value, which is the value of Inspire that is recorded on the company's balance sheet. Investors also form their own opinion of Inspire Faithward's value that differs from its market value or its book value, called intrinsic value, which is Inspire Faithward'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 Inspire Faithward's market value can be influenced by many factors that don't directly affect Inspire Faithward'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 Inspire Faithward's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inspire Faithward is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inspire Faithward'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.
Inspire Faithward '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 Inspire Faithward'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 Inspire Faithward.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Inspire Faithward on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Inspire Faithward Mid or generate 0.0% return on investment in Inspire Faithward over 720 days. Inspire Faithward is related to or competes with Northern Lights, Inspire Tactical, Inspire International, Inspire SmallMid, and Inspire Global. The fund, an actively managed exchange traded fund , invests at least 80 percent of its net assets plus any borrowings f... More
Inspire Faithward 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 Inspire Faithward'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 Inspire Faithward Mid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.32 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.57 |
Inspire Faithward Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inspire Faithward's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inspire Faithward's standard deviation. In reality, there are many statistical measures that can use Inspire Faithward historical prices to predict the future Inspire Faithward's volatility.| Risk Adjusted Performance | 0.0711 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0745 |
Inspire Faithward Mid Backtested Returns
At this stage we consider Inspire Etf to be very steady. Inspire Faithward Mid holds Efficiency (Sharpe) Ratio of 0.0777, which attests that the entity had a 0.0777% return per unit of risk over the last 3 months. We have found thirty technical indicators for Inspire Faithward Mid, which you can use to evaluate the volatility of the entity. Please check out Inspire Faithward's Downside Deviation of 1.2, risk adjusted performance of 0.0711, and Market Risk Adjusted Performance of 0.0845 to validate if the risk estimate we provide is consistent with the expected return of 0.0813%. The etf retains a Market Volatility (i.e., Beta) of 1.13, which attests to a somewhat significant risk relative to the market. Inspire Faithward returns are very sensitive to returns on the market. As the market goes up or down, Inspire Faithward is expected to follow.
Auto-correlation | 0.66 |
Good predictability
Inspire Faithward Mid has good predictability. Overlapping area represents the amount of predictability between Inspire Faithward time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Inspire Faithward Mid price movement. The serial correlation of 0.66 indicates that around 66.0% of current Inspire Faithward price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 3.58 |
Inspire Faithward Mid lagged returns against current returns
Autocorrelation, which is Inspire Faithward 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 Inspire Faithward's etf expected returns. We can calculate the autocorrelation of Inspire Faithward returns to help us make a trade decision. For example, suppose you find that Inspire Faithward 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 |
Inspire Faithward 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 Inspire Faithward etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inspire Faithward etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inspire Faithward etf over time.
Current vs Lagged Prices |
| Timeline |
Inspire Faithward Lagged Returns
When evaluating Inspire Faithward's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inspire Faithward etf have on its future price. Inspire Faithward 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, Inspire Faithward autocorrelation shows the relationship between Inspire Faithward etf current value and its past values and can show if there is a momentum factor associated with investing in Inspire Faithward Mid.
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 Inspire Faithward Mid offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Inspire Faithward'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 Inspire Faithward Mid Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Inspire Faithward Mid Etf:Check out Inspire Faithward Correlation, Inspire Faithward Volatility and Inspire Faithward Alpha and Beta module to complement your research on Inspire Faithward. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Inspire Faithward 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.