Peakshares Sector Rotation Etf Market Value
| PSTR Etf | USD 28.59 0.07 0.24% |
| Symbol | PeakShares |
The market value of PeakShares Sector is measured differently than its book value, which is the value of PeakShares that is recorded on the company's balance sheet. Investors also form their own opinion of PeakShares Sector's value that differs from its market value or its book value, called intrinsic value, which is PeakShares Sector'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 PeakShares Sector's market value can be influenced by many factors that don't directly affect PeakShares Sector'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 PeakShares Sector's value and its price as these two are different measures arrived at by different means. Investors typically determine if PeakShares Sector is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PeakShares Sector'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.
PeakShares Sector '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 PeakShares Sector'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 PeakShares Sector.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in PeakShares Sector on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding PeakShares Sector Rotation or generate 0.0% return on investment in PeakShares Sector over 30 days. PeakShares Sector is related to or competes with Freedom Day, Franklin Templeton, IShares MSCI, Tidal Trust, IShares Dividend, Altrius Global, and Invesco Exchange. PostRock Energy Corporationration, an independent oil and gas company, engages in the acquisition, exploration, development, production, and gathering of crude oil and natural gas. More
PeakShares Sector 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 PeakShares Sector'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 PeakShares Sector Rotation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7968 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.46 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 0.9564 |
PeakShares Sector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PeakShares Sector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PeakShares Sector's standard deviation. In reality, there are many statistical measures that can use PeakShares Sector historical prices to predict the future PeakShares Sector's volatility.| Risk Adjusted Performance | 0.1065 | |||
| Jensen Alpha | 0.019 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1536 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PeakShares Sector'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.
PeakShares Sector Backtested Returns
Currently, PeakShares Sector Rotation is very steady. PeakShares Sector maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for PeakShares Sector, which you can use to evaluate the volatility of the etf. Please check PeakShares Sector's Risk Adjusted Performance of 0.1065, semi deviation of 0.5919, and Coefficient Of Variation of 711.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0915%. The etf holds a Beta of 0.57, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PeakShares Sector's returns are expected to increase less than the market. However, during the bear market, the loss of holding PeakShares Sector is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
PeakShares Sector Rotation has average predictability. Overlapping area represents the amount of predictability between PeakShares Sector 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 PeakShares Sector price movement. The serial correlation of 0.41 indicates that just about 41.0% of current PeakShares Sector price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
PeakShares Sector lagged returns against current returns
Autocorrelation, which is PeakShares Sector 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 PeakShares Sector's etf expected returns. We can calculate the autocorrelation of PeakShares Sector returns to help us make a trade decision. For example, suppose you find that PeakShares Sector 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 |
PeakShares Sector 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 PeakShares Sector etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PeakShares Sector etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PeakShares Sector etf over time.
Current vs Lagged Prices |
| Timeline |
PeakShares Sector Lagged Returns
When evaluating PeakShares Sector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PeakShares Sector etf have on its future price. PeakShares Sector 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, PeakShares Sector autocorrelation shows the relationship between PeakShares Sector etf current value and its past values and can show if there is a momentum factor associated with investing in PeakShares Sector Rotation.
Regressed Prices |
| Timeline |
Pair Trading with PeakShares Sector
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 PeakShares Sector 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 PeakShares Sector will appreciate offsetting losses from the drop in the long position's value.Moving together with PeakShares Etf
| 0.96 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.98 | XYLD | Global X SP | PairCorr |
| 0.95 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.95 | RYLD | Global X Russell | PairCorr |
| 0.98 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
The ability to find closely correlated positions to PeakShares Sector could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PeakShares Sector 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 PeakShares Sector - 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 PeakShares Sector Rotation to buy it.
The correlation of PeakShares Sector 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 PeakShares Sector moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PeakShares Sector 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 PeakShares Sector 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 PeakShares Sector Correlation, PeakShares Sector Volatility and PeakShares Sector Alpha and Beta module to complement your research on PeakShares Sector. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
PeakShares Sector 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.