Inspire Tactical Balanced Etf Market Value
| RISN Etf | USD 28.32 0.03 0.11% |
| Symbol | Inspire |
The market value of Inspire Tactical Balanced is measured differently than its book value, which is the value of Inspire that is recorded on the company's balance sheet. Investors also form their own opinion of Inspire Tactical's value that differs from its market value or its book value, called intrinsic value, which is Inspire Tactical'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 Inspire Tactical's market value can be influenced by many factors that don't directly affect Inspire Tactical'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 Inspire Tactical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inspire Tactical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inspire Tactical'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.
Inspire Tactical '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 Inspire Tactical'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 Inspire Tactical.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Inspire Tactical on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Inspire Tactical Balanced or generate 0.0% return on investment in Inspire Tactical over 30 days. Inspire Tactical is related to or competes with First Trust, Collaborative Investment, Akros Monthly, Northern Lights, Arrow DWA, Northern Lights, and ETF Series. The fund, an actively managed ETF, uses a proprietary system of technical analysis to tactically allocate assets into U.... More
Inspire Tactical 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 Inspire Tactical'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 Inspire Tactical Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6352 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 1.22 |
Inspire Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inspire Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inspire Tactical's standard deviation. In reality, there are many statistical measures that can use Inspire Tactical historical prices to predict the future Inspire Tactical's volatility.| Risk Adjusted Performance | 0.0984 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1002 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inspire Tactical'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.
Inspire Tactical Balanced Backtested Returns
As of now, Inspire Etf is very steady. Inspire Tactical Balanced holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Inspire Tactical Balanced, which you can use to evaluate the volatility of the entity. Please check out Inspire Tactical's Market Risk Adjusted Performance of 0.1102, risk adjusted performance of 0.0984, and Downside Deviation of 0.6352 to validate if the risk estimate we provide is consistent with the expected return of 0.0942%. The etf retains a Market Volatility (i.e., Beta) of 0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Inspire Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inspire Tactical is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
Inspire Tactical Balanced has good predictability. Overlapping area represents the amount of predictability between Inspire Tactical time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Inspire Tactical Balanced price movement. The serial correlation of 0.76 indicates that around 76.0% of current Inspire Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Inspire Tactical Balanced lagged returns against current returns
Autocorrelation, which is Inspire Tactical 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 Inspire Tactical's etf expected returns. We can calculate the autocorrelation of Inspire Tactical returns to help us make a trade decision. For example, suppose you find that Inspire Tactical 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 |
Inspire Tactical 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 Inspire Tactical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inspire Tactical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inspire Tactical etf over time.
Current vs Lagged Prices |
| Timeline |
Inspire Tactical Lagged Returns
When evaluating Inspire Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inspire Tactical etf have on its future price. Inspire Tactical 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, Inspire Tactical autocorrelation shows the relationship between Inspire Tactical etf current value and its past values and can show if there is a momentum factor associated with investing in Inspire Tactical Balanced.
Regressed Prices |
| Timeline |
Pair Trading with Inspire Tactical
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 Inspire Tactical 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 Inspire Tactical will appreciate offsetting losses from the drop in the long position's value.Moving together with Inspire Etf
| 0.62 | CLSC | Exchange Traded Concepts | PairCorr |
| 0.89 | ROMO | Strategy Shares Newf | PairCorr |
| 0.76 | EAOA | iShares ESG Aware | PairCorr |
| 0.77 | DSJA | DSJA | PairCorr |
The ability to find closely correlated positions to Inspire Tactical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inspire Tactical 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 Inspire Tactical - 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 Inspire Tactical Balanced to buy it.
The correlation of Inspire Tactical 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 Inspire Tactical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inspire Tactical Balanced 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 Inspire Tactical 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 Inspire Tactical Correlation, Inspire Tactical Volatility and Inspire Tactical Alpha and Beta module to complement your research on Inspire Tactical. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Inspire Tactical 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.