Infracap Equity Income Etf Market Value
| ICAP Etf | USD 28.41 0.24 0.85% |
| Symbol | InfraCap |
The market value of InfraCap Equity Income is measured differently than its book value, which is the value of InfraCap that is recorded on the company's balance sheet. Investors also form their own opinion of InfraCap Equity's value that differs from its market value or its book value, called intrinsic value, which is InfraCap Equity'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 InfraCap Equity's market value can be influenced by many factors that don't directly affect InfraCap Equity'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 InfraCap Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if InfraCap Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InfraCap Equity'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.
InfraCap Equity '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 InfraCap Equity'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 InfraCap Equity.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in InfraCap Equity on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding InfraCap Equity Income or generate 0.0% return on investment in InfraCap Equity over 30 days. InfraCap Equity is related to or competes with Hoya Capital, Virtus InfraCap, InfraCap MLP, Qurate Retail, and RLJ Lodging. The fund, under normal conditions, will invest at least 80 percent of its net assets in equity securities of companies t... More
InfraCap Equity 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 InfraCap Equity'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 InfraCap Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7673 | |||
| Information Ratio | 0.0307 | |||
| Maximum Drawdown | 4.27 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.4 |
InfraCap Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for InfraCap Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as InfraCap Equity's standard deviation. In reality, there are many statistical measures that can use InfraCap Equity historical prices to predict the future InfraCap Equity's volatility.| Risk Adjusted Performance | 0.1513 | |||
| Jensen Alpha | 0.0372 | |||
| Total Risk Alpha | 0.0148 | |||
| Sortino Ratio | 0.0332 | |||
| Treynor Ratio | 0.1686 |
InfraCap Equity Income Backtested Returns
Currently, InfraCap Equity Income is very steady. InfraCap Equity Income holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for InfraCap Equity Income, which you can use to evaluate the volatility of the entity. Please check out InfraCap Equity's Risk Adjusted Performance of 0.1513, downside deviation of 0.7673, and Market Risk Adjusted Performance of 0.1786 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The etf retains a Market Volatility (i.e., Beta) of 0.91, which attests to possible diversification benefits within a given portfolio. InfraCap Equity returns are very sensitive to returns on the market. As the market goes up or down, InfraCap Equity is expected to follow.
Auto-correlation | 0.79 |
Good predictability
InfraCap Equity Income has good predictability. Overlapping area represents the amount of predictability between InfraCap Equity time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 InfraCap Equity Income price movement. The serial correlation of 0.79 indicates that around 79.0% of current InfraCap Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
InfraCap Equity Income lagged returns against current returns
Autocorrelation, which is InfraCap Equity 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 InfraCap Equity's etf expected returns. We can calculate the autocorrelation of InfraCap Equity returns to help us make a trade decision. For example, suppose you find that InfraCap Equity 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 |
InfraCap Equity 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 InfraCap Equity etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if InfraCap Equity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in InfraCap Equity etf over time.
Current vs Lagged Prices |
| Timeline |
InfraCap Equity Lagged Returns
When evaluating InfraCap Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of InfraCap Equity etf have on its future price. InfraCap Equity 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, InfraCap Equity autocorrelation shows the relationship between InfraCap Equity etf current value and its past values and can show if there is a momentum factor associated with investing in InfraCap Equity Income.
Regressed Prices |
| Timeline |
Pair Trading with InfraCap Equity
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if InfraCap Equity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in InfraCap Equity will appreciate offsetting losses from the drop in the long position's value.Moving together with InfraCap Etf
| 0.98 | VOE | Vanguard Mid Cap | PairCorr |
| 0.84 | SDY | SPDR SP Dividend | PairCorr |
| 0.96 | IWS | iShares Russell Mid | PairCorr |
| 0.91 | COWZ | Pacer Cash Cows | PairCorr |
| 0.93 | IJJ | iShares SP Mid | PairCorr |
The ability to find closely correlated positions to InfraCap Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InfraCap Equity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back InfraCap Equity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling InfraCap Equity Income to buy it.
The correlation of InfraCap Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as InfraCap Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InfraCap Equity Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for InfraCap Equity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out InfraCap Equity Correlation, InfraCap Equity Volatility and InfraCap Equity Alpha and Beta module to complement your research on InfraCap Equity. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
InfraCap Equity 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.