Litman Gregory Funds Etf Market Value
| PCIG Etf | 9.66 0.02 0.21% |
| Symbol | Litman |
The market value of Litman Gregory Funds is measured differently than its book value, which is the value of Litman that is recorded on the company's balance sheet. Investors also form their own opinion of Litman Gregory's value that differs from its market value or its book value, called intrinsic value, which is Litman Gregory'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 Litman Gregory's market value can be influenced by many factors that don't directly affect Litman Gregory'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 Litman Gregory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Litman Gregory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Litman Gregory'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.
Litman Gregory '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 Litman Gregory'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 Litman Gregory.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Litman Gregory on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Litman Gregory Funds or generate 0.0% return on investment in Litman Gregory over 30 days. Litman Gregory is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. More
Litman Gregory 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 Litman Gregory'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 Litman Gregory Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 4.28 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.55 |
Litman Gregory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Litman Gregory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Litman Gregory's standard deviation. In reality, there are many statistical measures that can use Litman Gregory historical prices to predict the future Litman Gregory's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.39) |
Litman Gregory Funds Backtested Returns
Litman Gregory Funds has Sharpe Ratio of -0.0693, which conveys that the entity had a -0.0693% return per unit of risk over the last 3 months. Litman Gregory exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Litman Gregory's Mean Deviation of 0.7625, standard deviation of 0.9628, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Litman Gregory's returns are expected to increase less than the market. However, during the bear market, the loss of holding Litman Gregory is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
Litman Gregory Funds has good predictability. Overlapping area represents the amount of predictability between Litman Gregory time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Litman Gregory Funds price movement. The serial correlation of 0.7 indicates that around 70.0% of current Litman Gregory price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Litman Gregory Funds lagged returns against current returns
Autocorrelation, which is Litman Gregory 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 Litman Gregory's etf expected returns. We can calculate the autocorrelation of Litman Gregory returns to help us make a trade decision. For example, suppose you find that Litman Gregory 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 |
Litman Gregory 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 Litman Gregory etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Litman Gregory etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Litman Gregory etf over time.
Current vs Lagged Prices |
| Timeline |
Litman Gregory Lagged Returns
When evaluating Litman Gregory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Litman Gregory etf have on its future price. Litman Gregory 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, Litman Gregory autocorrelation shows the relationship between Litman Gregory etf current value and its past values and can show if there is a momentum factor associated with investing in Litman Gregory Funds.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Litman Gregory Funds is a strong investment it is important to analyze Litman Gregory'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 Litman Gregory's future performance. For an informed investment choice regarding Litman Etf, refer to the following important reports:Check out Litman Gregory Correlation, Litman Gregory Volatility and Litman Gregory Alpha and Beta module to complement your research on Litman Gregory. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Litman Gregory 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.