Mfut Etf Market Value
| MFUT Etf | 16.76 0.03 0.18% |
| Symbol | MFUT |
The market value of MFUT is measured differently than its book value, which is the value of MFUT that is recorded on the company's balance sheet. Investors also form their own opinion of MFUT's value that differs from its market value or its book value, called intrinsic value, which is MFUT'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 MFUT's market value can be influenced by many factors that don't directly affect MFUT'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 MFUT's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFUT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFUT'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.
MFUT '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 MFUT'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 MFUT.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in MFUT on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding MFUT or generate 0.0% return on investment in MFUT over 270 days. MFUT is related to or competes with Tidal Trust, First Trust, Direxion Daily, Direxion Daily, VanEck Morningstar, and VictoryShares WestEnd. MFUT is entity of United States. It is traded as Etf on BATS exchange. More
MFUT 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 MFUT'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 MFUT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 3.44 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 0.9552 |
MFUT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MFUT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MFUT's standard deviation. In reality, there are many statistical measures that can use MFUT historical prices to predict the future MFUT's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MFUT'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.
MFUT Backtested Returns
MFUT has Sharpe Ratio of -0.14, which conveys that the entity had a -0.14% return per unit of standard deviation over the last 3 months. MFUT exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MFUT's Risk Adjusted Performance of (0.09), market risk adjusted performance of (0.26), and Mean Deviation of 0.5194 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MFUT's returns are expected to increase less than the market. However, during the bear market, the loss of holding MFUT is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
MFUT has good predictability. Overlapping area represents the amount of predictability between MFUT time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 MFUT price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current MFUT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
MFUT lagged returns against current returns
Autocorrelation, which is MFUT 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 MFUT's etf expected returns. We can calculate the autocorrelation of MFUT returns to help us make a trade decision. For example, suppose you find that MFUT 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 |
MFUT 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 MFUT etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MFUT etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MFUT etf over time.
Current vs Lagged Prices |
| Timeline |
MFUT Lagged Returns
When evaluating MFUT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MFUT etf have on its future price. MFUT 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, MFUT autocorrelation shows the relationship between MFUT etf current value and its past values and can show if there is a momentum factor associated with investing in MFUT.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out MFUT Correlation, MFUT Volatility and MFUT Alpha and Beta module to complement your research on MFUT. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
MFUT 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.