Mairs Power Minnesota Etf Market Value
| MINN Etf | USD 22.23 0.01 0.04% |
| Symbol | Mairs |
The market value of Mairs Power Minnesota is measured differently than its book value, which is the value of Mairs that is recorded on the company's balance sheet. Investors also form their own opinion of Mairs Power's value that differs from its market value or its book value, called intrinsic value, which is Mairs Power'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 Mairs Power's market value can be influenced by many factors that don't directly affect Mairs Power'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 Mairs Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mairs Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mairs Power'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.
Mairs Power '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 Mairs Power'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 Mairs Power.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Mairs Power on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Mairs Power Minnesota or generate 0.0% return on investment in Mairs Power over 510 days. Mairs Power is related to or competes with BlackRock Intermediate, IQ MacKay, Overlay Shares, IQ MacKay, and Columbia Multi. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80 percent of i... More
Mairs Power 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 Mairs Power'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 Mairs Power Minnesota upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.12 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.4004 |
Mairs Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mairs Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mairs Power's standard deviation. In reality, there are many statistical measures that can use Mairs Power historical prices to predict the future Mairs Power's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.3657 |
Mairs Power Minnesota Backtested Returns
Mairs Power Minnesota has Sharpe Ratio of -0.0072, which conveys that the entity had a -0.0072% return per unit of risk over the last 3 months. Mairs Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mairs Power's Risk Adjusted Performance of (0.04), mean deviation of 0.1933, and Standard Deviation of 0.2583 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.0506, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mairs Power are expected to decrease at a much lower rate. During the bear market, Mairs Power is likely to outperform the market.
Auto-correlation | 0.65 |
Good predictability
Mairs Power Minnesota has good predictability. Overlapping area represents the amount of predictability between Mairs Power time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Mairs Power Minnesota price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Mairs Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Mairs Power Minnesota lagged returns against current returns
Autocorrelation, which is Mairs Power 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 Mairs Power's etf expected returns. We can calculate the autocorrelation of Mairs Power returns to help us make a trade decision. For example, suppose you find that Mairs Power 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 |
Mairs Power 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 Mairs Power etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mairs Power etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mairs Power etf over time.
Current vs Lagged Prices |
| Timeline |
Mairs Power Lagged Returns
When evaluating Mairs Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mairs Power etf have on its future price. Mairs Power 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, Mairs Power autocorrelation shows the relationship between Mairs Power etf current value and its past values and can show if there is a momentum factor associated with investing in Mairs Power Minnesota.
Regressed Prices |
| Timeline |
Pair Trading with Mairs Power
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 Mairs Power 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 Mairs Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Mairs Etf
Moving against Mairs Etf
| 0.54 | XLF | Financial Select Sector Aggressive Push | PairCorr |
| 0.54 | USFR | WisdomTree Floating Rate | PairCorr |
| 0.51 | PUTW | WisdomTree CBOE SP | PairCorr |
| 0.51 | MSTY | YieldMax MSTR Option | PairCorr |
| 0.47 | VUG | Vanguard Growth Index | PairCorr |
The ability to find closely correlated positions to Mairs Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mairs Power 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 Mairs Power - 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 Mairs Power Minnesota to buy it.
The correlation of Mairs Power 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 Mairs Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mairs Power Minnesota 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 Mairs Power 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 Mairs Power Correlation, Mairs Power Volatility and Mairs Power Alpha and Beta module to complement your research on Mairs Power. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Mairs Power 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.