Rpar Risk Parity Etf Market Value
| RPAR Etf | USD 19.71 0.08 0.41% |
| Symbol | RPAR |
The market value of RPAR Risk Parity is measured differently than its book value, which is the value of RPAR that is recorded on the company's balance sheet. Investors also form their own opinion of RPAR Risk's value that differs from its market value or its book value, called intrinsic value, which is RPAR Risk'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 RPAR Risk's market value can be influenced by many factors that don't directly affect RPAR Risk'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 RPAR Risk's value and its price as these two are different measures arrived at by different means. Investors typically determine if RPAR Risk is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RPAR Risk'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.
RPAR Risk '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 RPAR Risk'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 RPAR Risk.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in RPAR Risk on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding RPAR Risk Parity or generate 0.0% return on investment in RPAR Risk over 30 days. RPAR Risk is related to or competes with Amplify BlackSwan, WisdomTree 9060, IShares Core, PIMCO 15, and Cambria Tail. The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective primarily by investi... More
RPAR Risk 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 RPAR Risk'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 RPAR Risk Parity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.842 |
RPAR Risk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RPAR Risk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RPAR Risk's standard deviation. In reality, there are many statistical measures that can use RPAR Risk historical prices to predict the future RPAR Risk's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.32) |
RPAR Risk Parity Backtested Returns
RPAR Risk Parity retains Efficiency (Sharpe Ratio) of -0.0304, which implies the entity had a -0.0304% return per unit of risk over the last 3 months. RPAR Risk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RPAR Risk's market risk adjusted performance of (0.31), and Coefficient Of Variation of (1,926) to confirm the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, RPAR Risk's returns are expected to increase less than the market. However, during the bear market, the loss of holding RPAR Risk is expected to be smaller as well.
Auto-correlation | -0.3 |
Weak reverse predictability
RPAR Risk Parity has weak reverse predictability. Overlapping area represents the amount of predictability between RPAR Risk 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 RPAR Risk Parity price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current RPAR Risk price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
RPAR Risk Parity lagged returns against current returns
Autocorrelation, which is RPAR Risk 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 RPAR Risk's etf expected returns. We can calculate the autocorrelation of RPAR Risk returns to help us make a trade decision. For example, suppose you find that RPAR Risk 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 |
RPAR Risk 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 RPAR Risk etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RPAR Risk etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RPAR Risk etf over time.
Current vs Lagged Prices |
| Timeline |
RPAR Risk Lagged Returns
When evaluating RPAR Risk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RPAR Risk etf have on its future price. RPAR Risk 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, RPAR Risk autocorrelation shows the relationship between RPAR Risk etf current value and its past values and can show if there is a momentum factor associated with investing in RPAR Risk Parity.
Regressed Prices |
| Timeline |
Pair Trading with RPAR Risk
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 RPAR Risk 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 RPAR Risk will appreciate offsetting losses from the drop in the long position's value.Moving together with RPAR Etf
Moving against RPAR Etf
| 0.77 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.68 | QTOC | Innovator ETFs Trust | PairCorr |
| 0.65 | XTOC | Innovator ETFs Trust | PairCorr |
| 0.65 | TSJA | TSJA | PairCorr |
| 0.62 | DSJA | DSJA | PairCorr |
The ability to find closely correlated positions to RPAR Risk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RPAR Risk 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 RPAR Risk - 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 RPAR Risk Parity to buy it.
The correlation of RPAR Risk 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 RPAR Risk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RPAR Risk Parity 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 RPAR Risk 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 RPAR Risk Correlation, RPAR Risk Volatility and RPAR Risk Alpha and Beta module to complement your research on RPAR Risk. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
RPAR Risk 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.