Alps Active Reit Etf Market Value
| REIT Etf | USD 28.90 0.19 0.66% |
| Symbol | ALPS |
The market value of ALPS Active REIT is measured differently than its book value, which is the value of ALPS that is recorded on the company's balance sheet. Investors also form their own opinion of ALPS Active's value that differs from its market value or its book value, called intrinsic value, which is ALPS Active'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 ALPS Active's market value can be influenced by many factors that don't directly affect ALPS Active'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 ALPS Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALPS Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALPS Active'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.
ALPS Active '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 ALPS Active'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 ALPS Active.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in ALPS Active on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding ALPS Active REIT or generate 0.0% return on investment in ALPS Active over 30 days. ALPS Active is related to or competes with US Diversified, Nuveen Short, Pacer Benchmark, and IShares Core. The fund will, under normal circumstances, seek to achieve its investment objective by investing at least 80 percent of ... More
ALPS Active 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 ALPS Active'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 ALPS Active REIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8476 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.23 |
ALPS Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALPS Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALPS Active's standard deviation. In reality, there are many statistical measures that can use ALPS Active historical prices to predict the future ALPS Active's volatility.| Risk Adjusted Performance | 0.0688 | |||
| Jensen Alpha | 0.041 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2261 |
ALPS Active REIT Backtested Returns
Currently, ALPS Active REIT is very steady. ALPS Active REIT secures Sharpe Ratio (or Efficiency) of 0.0534, which signifies that the etf had a 0.0534% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ALPS Active REIT, which you can use to evaluate the volatility of the entity. Please confirm ALPS Active's risk adjusted performance of 0.0688, and Mean Deviation of 0.7036 to double-check if the risk estimate we provide is consistent with the expected return of 0.0446%. The etf shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ALPS Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding ALPS Active is expected to be smaller as well.
Auto-correlation | 0.05 |
Virtually no predictability
ALPS Active REIT has virtually no predictability. Overlapping area represents the amount of predictability between ALPS Active time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 ALPS Active REIT price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current ALPS Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
ALPS Active REIT lagged returns against current returns
Autocorrelation, which is ALPS Active 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 ALPS Active's etf expected returns. We can calculate the autocorrelation of ALPS Active returns to help us make a trade decision. For example, suppose you find that ALPS Active 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 |
ALPS Active 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 ALPS Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALPS Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALPS Active etf over time.
Current vs Lagged Prices |
| Timeline |
ALPS Active Lagged Returns
When evaluating ALPS Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALPS Active etf have on its future price. ALPS Active 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, ALPS Active autocorrelation shows the relationship between ALPS Active etf current value and its past values and can show if there is a momentum factor associated with investing in ALPS Active REIT.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out ALPS Active Correlation, ALPS Active Volatility and ALPS Active Alpha and Beta module to complement your research on ALPS Active. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
ALPS Active 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.