Alps Intermediate Municipal Etf Market Value
| MNBD Etf | USD 25.96 0.04 0.15% |
| Symbol | ALPS |
The market value of ALPS Intermediate is measured differently than its book value, which is the value of ALPS that is recorded on the company's balance sheet. Investors also form their own opinion of ALPS Intermediate's value that differs from its market value or its book value, called intrinsic value, which is ALPS Intermediate'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 ALPS Intermediate's market value can be influenced by many factors that don't directly affect ALPS Intermediate'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 ALPS Intermediate's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALPS Intermediate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALPS Intermediate'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.
ALPS Intermediate '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 ALPS Intermediate'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 ALPS Intermediate.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in ALPS Intermediate on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding ALPS Intermediate Municipal or generate 0.0% return on investment in ALPS Intermediate over 180 days. ALPS Intermediate is related to or competes with SSGA Active, BlackRock Intermediate, PIMCO ETF, Dimensional ETF, and Mairs Power. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus any borrowings for investme... More
ALPS Intermediate 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 ALPS Intermediate'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 ALPS Intermediate Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2961 | |||
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.28 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.3097 |
ALPS Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALPS Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALPS Intermediate's standard deviation. In reality, there are many statistical measures that can use ALPS Intermediate historical prices to predict the future ALPS Intermediate's volatility.| Risk Adjusted Performance | 0.0127 | |||
| Jensen Alpha | 0.0143 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.43) | |||
| Treynor Ratio | (0.01) |
ALPS Intermediate Backtested Returns
At this point, ALPS Intermediate is very steady. ALPS Intermediate secures Sharpe Ratio (or Efficiency) of 0.0349, which signifies that the etf had a 0.0349% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ALPS Intermediate Municipal, which you can use to evaluate the volatility of the entity. Please confirm ALPS Intermediate's risk adjusted performance of 0.0127, and Mean Deviation of 0.154 to double-check if the risk estimate we provide is consistent with the expected return of 0.0082%. The etf shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ALPS Intermediate are expected to decrease at a much lower rate. During the bear market, ALPS Intermediate is likely to outperform the market.
Auto-correlation | -0.51 |
Good reverse predictability
ALPS Intermediate Municipal has good reverse predictability. Overlapping area represents the amount of predictability between ALPS Intermediate time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 ALPS Intermediate price movement. The serial correlation of -0.51 indicates that about 51.0% of current ALPS Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ALPS Intermediate lagged returns against current returns
Autocorrelation, which is ALPS Intermediate 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 ALPS Intermediate's etf expected returns. We can calculate the autocorrelation of ALPS Intermediate returns to help us make a trade decision. For example, suppose you find that ALPS Intermediate 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 |
ALPS Intermediate 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 ALPS Intermediate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALPS Intermediate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALPS Intermediate etf over time.
Current vs Lagged Prices |
| Timeline |
ALPS Intermediate Lagged Returns
When evaluating ALPS Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALPS Intermediate etf have on its future price. ALPS Intermediate 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, ALPS Intermediate autocorrelation shows the relationship between ALPS Intermediate etf current value and its past values and can show if there is a momentum factor associated with investing in ALPS Intermediate Municipal.
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.When determining whether ALPS Intermediate is a strong investment it is important to analyze ALPS Intermediate's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ALPS Intermediate's future performance. For an informed investment choice regarding ALPS Etf, refer to the following important reports:Check out ALPS Intermediate Correlation, ALPS Intermediate Volatility and ALPS Intermediate Alpha and Beta module to complement your research on ALPS Intermediate. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
ALPS Intermediate 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.