Popular Income Plus Etf Market Value
| IPLFX Etf | USD 3.36 0.01 0.30% |
| Symbol | Popular |
The market value of Popular Income Plus is measured differently than its book value, which is the value of Popular that is recorded on the company's balance sheet. Investors also form their own opinion of Popular Income's value that differs from its market value or its book value, called intrinsic value, which is Popular Income'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 Popular Income's market value can be influenced by many factors that don't directly affect Popular Income'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 Popular Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Popular Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Popular Income'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.
Popular Income '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 Popular Income'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 Popular Income.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Popular Income on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Popular Income Plus or generate 0.0% return on investment in Popular Income over 360 days. Popular Income is related to or competes with FT Vest, Zillow Group, Northern Lights, VanEck Vectors, Freedom Day, and SSGA Active. More
Popular Income 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 Popular Income'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 Popular Income Plus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9654 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.8 |
Popular Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Popular Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Popular Income's standard deviation. In reality, there are many statistical measures that can use Popular Income historical prices to predict the future Popular Income's volatility.| Risk Adjusted Performance | 0.0162 | |||
| Jensen Alpha | 0.0049 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.5545 |
Popular Income Plus Backtested Returns
At this stage we consider Popular Etf to be not too volatile. Popular Income Plus maintains Sharpe Ratio (i.e., Efficiency) of 0.0232, which implies the entity had a 0.0232% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Popular Income Plus, which you can use to evaluate the volatility of the etf. Please check Popular Income's Coefficient Of Variation of 4403.64, semi deviation of 0.5025, and Risk Adjusted Performance of 0.0162 to confirm if the risk estimate we provide is consistent with the expected return of 0.0168%. The etf holds a Beta of 0.0109, which implies not very significant fluctuations relative to the market. As returns on the market increase, Popular Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Popular Income is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
Popular Income Plus has average predictability. Overlapping area represents the amount of predictability between Popular Income time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Popular Income Plus price movement. The serial correlation of 0.47 indicates that about 47.0% of current Popular Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Popular Income Plus lagged returns against current returns
Autocorrelation, which is Popular Income 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 Popular Income's etf expected returns. We can calculate the autocorrelation of Popular Income returns to help us make a trade decision. For example, suppose you find that Popular Income 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 |
Popular Income 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 Popular Income etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Popular Income etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Popular Income etf over time.
Current vs Lagged Prices |
| Timeline |
Popular Income Lagged Returns
When evaluating Popular Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Popular Income etf have on its future price. Popular Income 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, Popular Income autocorrelation shows the relationship between Popular Income etf current value and its past values and can show if there is a momentum factor associated with investing in Popular Income Plus.
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.Other Information on Investing in Popular Etf
Popular Income financial ratios help investors to determine whether Popular Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Popular with respect to the benefits of owning Popular Income security.