Tradr 2x Long Etf Market Value
| QQQW Etf | 27.44 0.08 0.29% |
| Symbol | Tradr |
The market value of Tradr 2X Long is measured differently than its book value, which is the value of Tradr that is recorded on the company's balance sheet. Investors also form their own opinion of Tradr 2X's value that differs from its market value or its book value, called intrinsic value, which is Tradr 2X'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 Tradr 2X's market value can be influenced by many factors that don't directly affect Tradr 2X'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 Tradr 2X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tradr 2X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tradr 2X'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.
Tradr 2X '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 Tradr 2X'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 Tradr 2X.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Tradr 2X on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Tradr 2X Long or generate 0.0% return on investment in Tradr 2X over 30 days. Tradr 2X is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. More
Tradr 2X 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 Tradr 2X'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 Tradr 2X Long upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | 0.074 | |||
| Maximum Drawdown | 10.26 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 4.52 |
Tradr 2X Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tradr 2X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tradr 2X's standard deviation. In reality, there are many statistical measures that can use Tradr 2X historical prices to predict the future Tradr 2X's volatility.| Risk Adjusted Performance | 0.1108 | |||
| Jensen Alpha | 0.0824 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0694 | |||
| Treynor Ratio | 0.1721 |
Tradr 2X Long Backtested Returns
Tradr 2X appears to be very steady, given 3 months investment horizon. Tradr 2X Long owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tradr 2X Long, which you can use to evaluate the volatility of the etf. Please review Tradr 2X's Risk Adjusted Performance of 0.1108, semi deviation of 2.0, and Coefficient Of Variation of 734.23 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.6, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tradr 2X will likely underperform.
Auto-correlation | 0.35 |
Below average predictability
Tradr 2X Long has below average predictability. Overlapping area represents the amount of predictability between Tradr 2X time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Tradr 2X Long price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Tradr 2X price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Tradr 2X Long lagged returns against current returns
Autocorrelation, which is Tradr 2X 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 Tradr 2X's etf expected returns. We can calculate the autocorrelation of Tradr 2X returns to help us make a trade decision. For example, suppose you find that Tradr 2X 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 |
Tradr 2X 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 Tradr 2X etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tradr 2X etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tradr 2X etf over time.
Current vs Lagged Prices |
| Timeline |
Tradr 2X Lagged Returns
When evaluating Tradr 2X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tradr 2X etf have on its future price. Tradr 2X 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, Tradr 2X autocorrelation shows the relationship between Tradr 2X etf current value and its past values and can show if there is a momentum factor associated with investing in Tradr 2X Long.
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.When determining whether Tradr 2X Long is a strong investment it is important to analyze Tradr 2X'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 Tradr 2X's future performance. For an informed investment choice regarding Tradr Etf, refer to the following important reports:Check out Tradr 2X Correlation, Tradr 2X Volatility and Tradr 2X Alpha and Beta module to complement your research on Tradr 2X. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Tradr 2X 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.