Palmer Square Funds Etf Market Value
| PSQA Etf | 20.36 0.02 0.1% |
| Symbol | Palmer |
The market value of Palmer Square Funds is measured differently than its book value, which is the value of Palmer that is recorded on the company's balance sheet. Investors also form their own opinion of Palmer Square's value that differs from its market value or its book value, called intrinsic value, which is Palmer Square'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 Palmer Square's market value can be influenced by many factors that don't directly affect Palmer Square'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 Palmer Square's value and its price as these two are different measures arrived at by different means. Investors typically determine if Palmer Square is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palmer Square'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.
Palmer Square '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 Palmer Square'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 Palmer Square.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Palmer Square on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Palmer Square Funds or generate 0.0% return on investment in Palmer Square over 30 days. Palmer Square is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, Vanguard Value, Vanguard Growth, and Vanguard Mid. Palmer Square is entity of United States More
Palmer Square 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 Palmer Square'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 Palmer Square Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1954 | |||
| Information Ratio | (0.68) | |||
| Maximum Drawdown | 0.7405 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.2484 |
Palmer Square Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palmer Square's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palmer Square's standard deviation. In reality, there are many statistical measures that can use Palmer Square historical prices to predict the future Palmer Square's volatility.| Risk Adjusted Performance | 0.0703 | |||
| Jensen Alpha | 0.0135 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.52) | |||
| Treynor Ratio | (1.53) |
Palmer Square Funds Backtested Returns
At this point, Palmer Square is very steady. Palmer Square Funds maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Palmer Square Funds, which you can use to evaluate the volatility of the etf. Please check Palmer Square's Downside Deviation of 0.1954, risk adjusted performance of 0.0703, and Standard Deviation of 0.1501 to confirm if the risk estimate we provide is consistent with the expected return of 0.0225%. The etf holds a Beta of -0.0082, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Palmer Square are expected to decrease at a much lower rate. During the bear market, Palmer Square is likely to outperform the market.
Auto-correlation | 0.24 |
Weak predictability
Palmer Square Funds has weak predictability. Overlapping area represents the amount of predictability between Palmer Square time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Palmer Square Funds price movement. The serial correlation of 0.24 indicates that over 24.0% of current Palmer Square price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Palmer Square Funds lagged returns against current returns
Autocorrelation, which is Palmer Square 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 Palmer Square's etf expected returns. We can calculate the autocorrelation of Palmer Square returns to help us make a trade decision. For example, suppose you find that Palmer Square 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 |
Palmer Square 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 Palmer Square etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palmer Square etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palmer Square etf over time.
Current vs Lagged Prices |
| Timeline |
Palmer Square Lagged Returns
When evaluating Palmer Square's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palmer Square etf have on its future price. Palmer Square 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, Palmer Square autocorrelation shows the relationship between Palmer Square etf current value and its past values and can show if there is a momentum factor associated with investing in Palmer Square Funds.
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.Other Information on Investing in Palmer Etf
Palmer Square financial ratios help investors to determine whether Palmer Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Palmer with respect to the benefits of owning Palmer Square security.