Spinnaker Etf Series Etf Market Value
| OGSP Etf | 10.12 0.03 0.30% |
| Symbol | Spinnaker |
The market value of Spinnaker ETF Series is measured differently than its book value, which is the value of Spinnaker that is recorded on the company's balance sheet. Investors also form their own opinion of Spinnaker ETF's value that differs from its market value or its book value, called intrinsic value, which is Spinnaker ETF'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 Spinnaker ETF's market value can be influenced by many factors that don't directly affect Spinnaker ETF'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 Spinnaker ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spinnaker ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spinnaker ETF'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.
Spinnaker ETF '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 Spinnaker ETF'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 Spinnaker ETF.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Spinnaker ETF on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Spinnaker ETF Series or generate 0.0% return on investment in Spinnaker ETF over 180 days. Spinnaker ETF is related to or competes with Valued Advisers, Columbia Diversified, Principal Exchange, Doubleline Etf, Virtus Newfleet, Vident Core, and PIMCO Enhanced. Spinnaker ETF is entity of United States More
Spinnaker ETF 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 Spinnaker ETF'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 Spinnaker ETF Series upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2158 | |||
| Information Ratio | (0.76) | |||
| Maximum Drawdown | 0.6987 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.2991 |
Spinnaker ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spinnaker ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spinnaker ETF's standard deviation. In reality, there are many statistical measures that can use Spinnaker ETF historical prices to predict the future Spinnaker ETF's volatility.| Risk Adjusted Performance | 0.0525 | |||
| Jensen Alpha | 0.0054 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.52) | |||
| Treynor Ratio | 0.349 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spinnaker ETF'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.
Spinnaker ETF Series Backtested Returns
Currently, Spinnaker ETF Series is very steady. Spinnaker ETF Series owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Spinnaker ETF Series, which you can use to evaluate the volatility of the etf. Please validate Spinnaker ETF's Risk Adjusted Performance of 0.0525, downside deviation of 0.2158, and Standard Deviation of 0.1481 to confirm if the risk estimate we provide is consistent with the expected return of 0.0219%. The entity has a beta of 0.0236, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Spinnaker ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spinnaker ETF is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
Spinnaker ETF Series has excellent predictability. Overlapping area represents the amount of predictability between Spinnaker ETF time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Spinnaker ETF Series price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Spinnaker ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spinnaker ETF Series lagged returns against current returns
Autocorrelation, which is Spinnaker ETF 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 Spinnaker ETF's etf expected returns. We can calculate the autocorrelation of Spinnaker ETF returns to help us make a trade decision. For example, suppose you find that Spinnaker ETF 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 |
Spinnaker ETF 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 Spinnaker ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spinnaker ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spinnaker ETF etf over time.
Current vs Lagged Prices |
| Timeline |
Spinnaker ETF Lagged Returns
When evaluating Spinnaker ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spinnaker ETF etf have on its future price. Spinnaker ETF 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, Spinnaker ETF autocorrelation shows the relationship between Spinnaker ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Spinnaker ETF Series.
Regressed Prices |
| Timeline |
Pair Trading with Spinnaker ETF
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 Spinnaker ETF 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 Spinnaker ETF will appreciate offsetting losses from the drop in the long position's value.Moving against Spinnaker Etf
| 0.85 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.68 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.6 | DEED | First Trust TCW | PairCorr |
| 0.39 | MUSI | American Century Mul | PairCorr |
The ability to find closely correlated positions to Spinnaker ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spinnaker ETF 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 Spinnaker ETF - 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 Spinnaker ETF Series to buy it.
The correlation of Spinnaker ETF 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 Spinnaker ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spinnaker ETF Series 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 Spinnaker ETF 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 Spinnaker ETF Correlation, Spinnaker ETF Volatility and Spinnaker ETF Alpha and Beta module to complement your research on Spinnaker ETF. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Spinnaker ETF 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.