International Drawdown Managed Etf Market Value
| IDME Etf | USD 21.00 0.25 1.20% |
| Symbol | International |
The market value of International Drawdown is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Drawdown's value that differs from its market value or its book value, called intrinsic value, which is International Drawdown'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 International Drawdown's market value can be influenced by many factors that don't directly affect International Drawdown'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 International Drawdown's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Drawdown is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Drawdown'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.
International Drawdown '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 International Drawdown'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 International Drawdown.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in International Drawdown on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding International Drawdown Managed or generate 0.0% return on investment in International Drawdown over 180 days. International Drawdown is related to or competes with Global X, Amplify CWP, and JPMorgan Equity. The fund is an actively managed ETF that seeks to achieve its objective principally by investing in a portfolio of other... More
International Drawdown 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 International Drawdown'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 International Drawdown Managed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.67 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.4 |
International Drawdown Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Drawdown's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Drawdown's standard deviation. In reality, there are many statistical measures that can use International Drawdown historical prices to predict the future International Drawdown's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 1.64 |
International Drawdown Backtested Returns
At this point, International Drawdown is very steady. International Drawdown holds Efficiency (Sharpe) Ratio of 0.0205, which attests that the entity had a 0.0205% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for International Drawdown, which you can use to evaluate the volatility of the entity. Please check out International Drawdown's Market Risk Adjusted Performance of 1.65, standard deviation of 0.7629, and Risk Adjusted Performance of (0.02) to validate if the risk estimate we provide is consistent with the expected return of 0.0158%. The etf retains a Market Volatility (i.e., Beta) of -0.0202, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning International Drawdown are expected to decrease at a much lower rate. During the bear market, International Drawdown is likely to outperform the market.
Auto-correlation | -0.16 |
Insignificant reverse predictability
International Drawdown Managed has insignificant reverse predictability. Overlapping area represents the amount of predictability between International Drawdown time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 International Drawdown price movement. The serial correlation of -0.16 indicates that over 16.0% of current International Drawdown price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
International Drawdown lagged returns against current returns
Autocorrelation, which is International Drawdown 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 International Drawdown's etf expected returns. We can calculate the autocorrelation of International Drawdown returns to help us make a trade decision. For example, suppose you find that International Drawdown 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 |
International Drawdown 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 International Drawdown etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Drawdown etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Drawdown etf over time.
Current vs Lagged Prices |
| Timeline |
International Drawdown Lagged Returns
When evaluating International Drawdown's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Drawdown etf have on its future price. International Drawdown 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, International Drawdown autocorrelation shows the relationship between International Drawdown etf current value and its past values and can show if there is a momentum factor associated with investing in International Drawdown Managed.
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 International Drawdown is a strong investment it is important to analyze International Drawdown's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact International Drawdown's future performance. For an informed investment choice regarding International Etf, refer to the following important reports:Check out International Drawdown Correlation, International Drawdown Volatility and International Drawdown Alpha and Beta module to complement your research on International Drawdown. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
International Drawdown 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.