Professionally Managed Portfolios Etf Market Value
| OCFS Etf | 28.10 0.22 0.78% |
| Symbol | Professionally |
The market value of Professionally Managed is measured differently than its book value, which is the value of Professionally that is recorded on the company's balance sheet. Investors also form their own opinion of Professionally Managed's value that differs from its market value or its book value, called intrinsic value, which is Professionally Managed'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 Professionally Managed's market value can be influenced by many factors that don't directly affect Professionally Managed'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 Professionally Managed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Professionally Managed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Professionally Managed'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.
Professionally Managed '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 Professionally Managed'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 Professionally Managed.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Professionally Managed on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Professionally Managed Portfolios or generate 0.0% return on investment in Professionally Managed over 30 days. Professionally Managed is related to or competes with Vanguard Mid, IShares Core, SPDR SP, First Trust, and Vanguard. Professionally Managed is entity of United States More
Professionally Managed 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 Professionally Managed'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 Professionally Managed Portfolios upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.0504 | |||
| Maximum Drawdown | 5.08 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 2.04 |
Professionally Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Professionally Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Professionally Managed's standard deviation. In reality, there are many statistical measures that can use Professionally Managed historical prices to predict the future Professionally Managed's volatility.| Risk Adjusted Performance | 0.1323 | |||
| Jensen Alpha | 0.0411 | |||
| Total Risk Alpha | 0.0022 | |||
| Sortino Ratio | 0.0464 | |||
| Treynor Ratio | 0.1574 |
Professionally Managed Backtested Returns
Currently, Professionally Managed Portfolios is very steady. Professionally Managed maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Professionally Managed, which you can use to evaluate the volatility of the etf. Please check Professionally Managed's Coefficient Of Variation of 593.65, risk adjusted performance of 0.1323, and Semi Deviation of 0.9652 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The etf holds a Beta of 1.12, which implies a somewhat significant risk relative to the market. Professionally Managed returns are very sensitive to returns on the market. As the market goes up or down, Professionally Managed is expected to follow.
Auto-correlation | 0.80 |
Very good predictability
Professionally Managed Portfolios has very good predictability. Overlapping area represents the amount of predictability between Professionally Managed time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Professionally Managed price movement. The serial correlation of 0.8 indicates that around 80.0% of current Professionally Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Professionally Managed lagged returns against current returns
Autocorrelation, which is Professionally Managed 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 Professionally Managed's etf expected returns. We can calculate the autocorrelation of Professionally Managed returns to help us make a trade decision. For example, suppose you find that Professionally Managed 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 |
Professionally Managed 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 Professionally Managed etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Professionally Managed etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Professionally Managed etf over time.
Current vs Lagged Prices |
| Timeline |
Professionally Managed Lagged Returns
When evaluating Professionally Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Professionally Managed etf have on its future price. Professionally Managed 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, Professionally Managed autocorrelation shows the relationship between Professionally Managed etf current value and its past values and can show if there is a momentum factor associated with investing in Professionally Managed Portfolios.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Professionally Managed Correlation, Professionally Managed Volatility and Professionally Managed Alpha and Beta module to complement your research on Professionally Managed. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Professionally Managed 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.