Gotham Enhanced 500 Etf Market Value
| GSPY Etf | USD 32.89 0.14 0.42% |
| Symbol | Gotham |
The market value of Gotham Enhanced 500 is measured differently than its book value, which is the value of Gotham that is recorded on the company's balance sheet. Investors also form their own opinion of Gotham Enhanced's value that differs from its market value or its book value, called intrinsic value, which is Gotham Enhanced'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 Gotham Enhanced's market value can be influenced by many factors that don't directly affect Gotham Enhanced'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 Gotham Enhanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gotham Enhanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gotham Enhanced'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.
Gotham Enhanced '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 Gotham Enhanced'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 Gotham Enhanced.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Gotham Enhanced on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Gotham Enhanced 500 or generate 0.0% return on investment in Gotham Enhanced over 30 days. Gotham Enhanced is related to or competes with Tidal ETF, Gotham Large, Goldman Sachs, Swan Hedged, and Acquirers. The fund is an actively-managed ETF that seeks to achieve its investment objective by generally investing in securities ... More
Gotham Enhanced 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 Gotham Enhanced'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 Gotham Enhanced 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8136 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 0.9804 |
Gotham Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gotham Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gotham Enhanced's standard deviation. In reality, there are many statistical measures that can use Gotham Enhanced historical prices to predict the future Gotham Enhanced's volatility.| Risk Adjusted Performance | 0.1191 | |||
| Jensen Alpha | 0.005 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1263 |
Gotham Enhanced 500 Backtested Returns
At this stage we consider Gotham Etf to be very steady. Gotham Enhanced 500 holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gotham Enhanced 500, which you can use to evaluate the volatility of the entity. Please check out Gotham Enhanced's Market Risk Adjusted Performance of 0.1363, downside deviation of 0.8136, and Risk Adjusted Performance of 0.1191 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The etf retains a Market Volatility (i.e., Beta) of 0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gotham Enhanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gotham Enhanced is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Gotham Enhanced 500 has very good predictability. Overlapping area represents the amount of predictability between Gotham Enhanced time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Gotham Enhanced 500 price movement. The serial correlation of 0.81 indicates that around 81.0% of current Gotham Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Gotham Enhanced 500 lagged returns against current returns
Autocorrelation, which is Gotham Enhanced 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 Gotham Enhanced's etf expected returns. We can calculate the autocorrelation of Gotham Enhanced returns to help us make a trade decision. For example, suppose you find that Gotham Enhanced 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 |
Gotham Enhanced 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 Gotham Enhanced etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gotham Enhanced etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gotham Enhanced etf over time.
Current vs Lagged Prices |
| Timeline |
Gotham Enhanced Lagged Returns
When evaluating Gotham Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gotham Enhanced etf have on its future price. Gotham Enhanced 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, Gotham Enhanced autocorrelation shows the relationship between Gotham Enhanced etf current value and its past values and can show if there is a momentum factor associated with investing in Gotham Enhanced 500.
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 Gotham Enhanced 500 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gotham Enhanced'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 Gotham Enhanced 500 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Gotham Enhanced 500 Etf:Check out Gotham Enhanced Correlation, Gotham Enhanced Volatility and Gotham Enhanced Alpha and Beta module to complement your research on Gotham Enhanced. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Gotham Enhanced 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.