Dividend Performers Etf Market Value
| IPDP Etf | USD 20.31 0.01 0.05% |
| Symbol | Dividend |
The market value of Dividend Performers ETF is measured differently than its book value, which is the value of Dividend that is recorded on the company's balance sheet. Investors also form their own opinion of Dividend Performers' value that differs from its market value or its book value, called intrinsic value, which is Dividend Performers' 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 Dividend Performers' market value can be influenced by many factors that don't directly affect Dividend Performers' 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 Dividend Performers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dividend Performers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dividend Performers' 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.
Dividend Performers '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 Dividend Performers' 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 Dividend Performers.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Dividend Performers on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Dividend Performers ETF or generate 0.0% return on investment in Dividend Performers over 720 days. Dividend Performers is related to or competes with Listed Funds, and ETF Series. The funds investment strategy is twofold investing in dividend paying U.S More
Dividend Performers 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 Dividend Performers' 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 Dividend Performers ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7156 | |||
| Information Ratio | 0.0088 | |||
| Maximum Drawdown | 5.13 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.46 |
Dividend Performers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dividend Performers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dividend Performers' standard deviation. In reality, there are many statistical measures that can use Dividend Performers historical prices to predict the future Dividend Performers' volatility.| Risk Adjusted Performance | 0.1113 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0107 | |||
| Treynor Ratio | 0.1094 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dividend Performers' 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.
Dividend Performers ETF Backtested Returns
Currently, Dividend Performers ETF is very steady. Dividend Performers ETF secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dividend Performers ETF, which you can use to evaluate the volatility of the entity. Please confirm Dividend Performers' Downside Deviation of 0.7156, mean deviation of 0.648, and Coefficient Of Variation of 659.31 to check if the risk estimate we provide is consistent with the expected return of 0.1%. The etf shows a Beta (market volatility) of 1.12, which means a somewhat significant risk relative to the market. Dividend Performers returns are very sensitive to returns on the market. As the market goes up or down, Dividend Performers is expected to follow.
Auto-correlation | 0.69 |
Good predictability
Dividend Performers ETF has good predictability. Overlapping area represents the amount of predictability between Dividend Performers time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Dividend Performers ETF price movement. The serial correlation of 0.69 indicates that around 69.0% of current Dividend Performers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Dividend Performers ETF lagged returns against current returns
Autocorrelation, which is Dividend Performers 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 Dividend Performers' etf expected returns. We can calculate the autocorrelation of Dividend Performers returns to help us make a trade decision. For example, suppose you find that Dividend Performers 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 |
Dividend Performers 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 Dividend Performers etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dividend Performers etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dividend Performers etf over time.
Current vs Lagged Prices |
| Timeline |
Dividend Performers Lagged Returns
When evaluating Dividend Performers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dividend Performers etf have on its future price. Dividend Performers 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, Dividend Performers autocorrelation shows the relationship between Dividend Performers etf current value and its past values and can show if there is a momentum factor associated with investing in Dividend Performers ETF.
Regressed Prices |
| Timeline |
Pair Trading with Dividend Performers
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 Dividend Performers 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 Dividend Performers will appreciate offsetting losses from the drop in the long position's value.Moving together with Dividend Etf
| 0.94 | JEPI | JPMorgan Equity Premium Sell-off Trend | PairCorr |
| 0.95 | XYLD | Global X SP | PairCorr |
| 0.96 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.95 | RYLD | Global X Russell | PairCorr |
| 0.92 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
Moving against Dividend Etf
The ability to find closely correlated positions to Dividend Performers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dividend Performers 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 Dividend Performers - 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 Dividend Performers ETF to buy it.
The correlation of Dividend Performers 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 Dividend Performers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dividend Performers ETF 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 Dividend Performers 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 Dividend Performers Correlation, Dividend Performers Volatility and Dividend Performers Alpha and Beta module to complement your research on Dividend Performers. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Dividend Performers 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.