Ballast Smallmid Cap Etf Market Value
| MGMT Etf | USD 44.05 0.19 0.43% |
| Symbol | Ballast |
The market value of Ballast SmallMid Cap is measured differently than its book value, which is the value of Ballast that is recorded on the company's balance sheet. Investors also form their own opinion of Ballast SmallMid's value that differs from its market value or its book value, called intrinsic value, which is Ballast SmallMid'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 Ballast SmallMid's market value can be influenced by many factors that don't directly affect Ballast SmallMid'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 Ballast SmallMid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ballast SmallMid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ballast SmallMid'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.
Ballast SmallMid '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 Ballast SmallMid'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 Ballast SmallMid.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Ballast SmallMid on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Ballast SmallMid Cap or generate 0.0% return on investment in Ballast SmallMid over 660 days. Ballast SmallMid is related to or competes with Schwab Fundamental, Schwab Fundamental, Schwab Fundamental, Schwab Fundamental, and Schwab International. Under normal circumstances, the fund invests at least 80 percent of the value of its net assets in equity securities of ... More
Ballast SmallMid 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 Ballast SmallMid'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 Ballast SmallMid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8901 | |||
| Information Ratio | 0.0914 | |||
| Maximum Drawdown | 7.55 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 2.3 |
Ballast SmallMid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ballast SmallMid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ballast SmallMid's standard deviation. In reality, there are many statistical measures that can use Ballast SmallMid historical prices to predict the future Ballast SmallMid's volatility.| Risk Adjusted Performance | 0.1567 | |||
| Jensen Alpha | 0.0643 | |||
| Total Risk Alpha | 0.0318 | |||
| Sortino Ratio | 0.1304 | |||
| Treynor Ratio | 0.1733 |
Ballast SmallMid Cap Backtested Returns
Ballast SmallMid appears to be very steady, given 3 months investment horizon. Ballast SmallMid Cap secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the etf had a 0.23% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ballast SmallMid Cap, which you can use to evaluate the volatility of the entity. Please makes use of Ballast SmallMid's Risk Adjusted Performance of 0.1567, downside deviation of 0.8901, and Mean Deviation of 0.8916 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.41, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ballast SmallMid will likely underperform.
Auto-correlation | 0.34 |
Below average predictability
Ballast SmallMid Cap has below average predictability. Overlapping area represents the amount of predictability between Ballast SmallMid time series from 9th of February 2023 to 5th of January 2024 and 5th of January 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 Ballast SmallMid Cap price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Ballast SmallMid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 3.58 |
Ballast SmallMid Cap lagged returns against current returns
Autocorrelation, which is Ballast SmallMid 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 Ballast SmallMid's etf expected returns. We can calculate the autocorrelation of Ballast SmallMid returns to help us make a trade decision. For example, suppose you find that Ballast SmallMid 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 |
Ballast SmallMid 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 Ballast SmallMid etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ballast SmallMid etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ballast SmallMid etf over time.
Current vs Lagged Prices |
| Timeline |
Ballast SmallMid Lagged Returns
When evaluating Ballast SmallMid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ballast SmallMid etf have on its future price. Ballast SmallMid 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, Ballast SmallMid autocorrelation shows the relationship between Ballast SmallMid etf current value and its past values and can show if there is a momentum factor associated with investing in Ballast SmallMid Cap.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Ballast SmallMid Correlation, Ballast SmallMid Volatility and Ballast SmallMid Alpha and Beta module to complement your research on Ballast SmallMid. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Ballast SmallMid 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.