Etracs Ifed Invest Etf Market Value
| IFED Etf | USD 42.56 0.46 1.07% |
| Symbol | ETRACS |
The market value of ETRACS IFED Invest is measured differently than its book value, which is the value of ETRACS that is recorded on the company's balance sheet. Investors also form their own opinion of ETRACS IFED's value that differs from its market value or its book value, called intrinsic value, which is ETRACS IFED'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 ETRACS IFED's market value can be influenced by many factors that don't directly affect ETRACS IFED'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 ETRACS IFED's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS IFED is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS IFED'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.
ETRACS IFED '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 ETRACS IFED'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 ETRACS IFED.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ETRACS IFED on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ETRACS IFED Invest or generate 0.0% return on investment in ETRACS IFED over 30 days. ETRACS IFED is related to or competes with Freedom Day, Franklin Templeton, IShares MSCI, Tidal Trust, IShares Dividend, Altrius Global, and Invesco Exchange. ETRACS IFED is entity of United States. It is traded as Etf on NYSE ARCA exchange. More
ETRACS IFED 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 ETRACS IFED'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 ETRACS IFED Invest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.714 | |||
| Information Ratio | 0.0721 | |||
| Maximum Drawdown | 4.0 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.47 |
ETRACS IFED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETRACS IFED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETRACS IFED's standard deviation. In reality, there are many statistical measures that can use ETRACS IFED historical prices to predict the future ETRACS IFED's volatility.| Risk Adjusted Performance | 0.168 | |||
| Jensen Alpha | 0.069 | |||
| Total Risk Alpha | 0.044 | |||
| Sortino Ratio | 0.0903 | |||
| Treynor Ratio | 0.1921 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ETRACS IFED's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ETRACS IFED Invest Backtested Returns
At this point, ETRACS IFED is very steady. ETRACS IFED Invest secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the etf had a 0.2% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for ETRACS IFED Invest, which you can use to evaluate the volatility of the entity. Please confirm ETRACS IFED's Market Risk Adjusted Performance of 0.2021, mean deviation of 0.6645, and Downside Deviation of 0.714 to check if the risk estimate we provide is consistent with the expected return of 0.18%. The etf shows a Beta (market volatility) of 0.96, which means possible diversification benefits within a given portfolio. ETRACS IFED returns are very sensitive to returns on the market. As the market goes up or down, ETRACS IFED is expected to follow.
Auto-correlation | 0.97 |
Excellent predictability
ETRACS IFED Invest has excellent predictability. Overlapping area represents the amount of predictability between ETRACS IFED 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 ETRACS IFED Invest price movement. The serial correlation of 0.97 indicates that 97.0% of current ETRACS IFED price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.97 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
ETRACS IFED Invest lagged returns against current returns
Autocorrelation, which is ETRACS IFED 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 ETRACS IFED's etf expected returns. We can calculate the autocorrelation of ETRACS IFED returns to help us make a trade decision. For example, suppose you find that ETRACS IFED 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 |
ETRACS IFED 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 ETRACS IFED etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETRACS IFED etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETRACS IFED etf over time.
Current vs Lagged Prices |
| Timeline |
ETRACS IFED Lagged Returns
When evaluating ETRACS IFED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETRACS IFED etf have on its future price. ETRACS IFED 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, ETRACS IFED autocorrelation shows the relationship between ETRACS IFED etf current value and its past values and can show if there is a momentum factor associated with investing in ETRACS IFED Invest.
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 ETRACS IFED Invest is a strong investment it is important to analyze ETRACS IFED'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 ETRACS IFED's future performance. For an informed investment choice regarding ETRACS Etf, refer to the following important reports:Check out ETRACS IFED Correlation, ETRACS IFED Volatility and ETRACS IFED Alpha and Beta module to complement your research on ETRACS IFED. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
ETRACS IFED 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.