Qraft Ai Enhanced Large Etf Market Value
| QRFT Etf | USD 55.00 0.11 0.20% |
| Symbol | QRAFT |
The market value of QRAFT AI Enhanced is measured differently than its book value, which is the value of QRAFT that is recorded on the company's balance sheet. Investors also form their own opinion of QRAFT AI's value that differs from its market value or its book value, called intrinsic value, which is QRAFT AI'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 QRAFT AI's market value can be influenced by many factors that don't directly affect QRAFT AI'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 QRAFT AI's value and its price as these two are different measures arrived at by different means. Investors typically determine if QRAFT AI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, QRAFT AI'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.
QRAFT AI '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 QRAFT AI'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 QRAFT AI.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in QRAFT AI on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding QRAFT AI Enhanced Large or generate 0.0% return on investment in QRAFT AI over 720 days. QRAFT AI is related to or competes with QRAFT AI, RPAR Risk, Invesco SP, and SPDR Kensho. The fund is an actively-managed ETF that seeks to achieve its investment objective by utilizing an investment strategy e... More
QRAFT AI 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 QRAFT AI'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 QRAFT AI Enhanced Large upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6877 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.02 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 1.06 |
QRAFT AI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QRAFT AI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QRAFT AI's standard deviation. In reality, there are many statistical measures that can use QRAFT AI historical prices to predict the future QRAFT AI's volatility.| Risk Adjusted Performance | 0.0986 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1087 |
QRAFT AI Enhanced Backtested Returns
Currently, QRAFT AI Enhanced Large is out of control. QRAFT AI Enhanced retains Efficiency (Sharpe Ratio) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for QRAFT AI, which you can use to evaluate the volatility of the etf. Please check QRAFT AI's market risk adjusted performance of 0.1187, and Semi Deviation of 0.5932 to confirm if the risk estimate we provide is consistent with the expected return of 0.0894%. The etf owns a Beta (Systematic Risk) of 0.71, which implies possible diversification benefits within a given portfolio. As returns on the market increase, QRAFT AI's returns are expected to increase less than the market. However, during the bear market, the loss of holding QRAFT AI is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
QRAFT AI Enhanced Large has good predictability. Overlapping area represents the amount of predictability between QRAFT AI time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 QRAFT AI Enhanced price movement. The serial correlation of 0.78 indicates that around 78.0% of current QRAFT AI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 12.17 |
QRAFT AI Enhanced lagged returns against current returns
Autocorrelation, which is QRAFT AI 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 QRAFT AI's etf expected returns. We can calculate the autocorrelation of QRAFT AI returns to help us make a trade decision. For example, suppose you find that QRAFT AI 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 |
QRAFT AI 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 QRAFT AI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QRAFT AI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QRAFT AI etf over time.
Current vs Lagged Prices |
| Timeline |
QRAFT AI Lagged Returns
When evaluating QRAFT AI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QRAFT AI etf have on its future price. QRAFT AI 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, QRAFT AI autocorrelation shows the relationship between QRAFT AI etf current value and its past values and can show if there is a momentum factor associated with investing in QRAFT AI Enhanced Large.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out QRAFT AI Correlation, QRAFT AI Volatility and QRAFT AI Alpha and Beta module to complement your research on QRAFT AI. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
QRAFT AI 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.