Tradr 2x Long Etf Market Value
| SOXM Etf | 21.42 0.68 3.28% |
| 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 First Trust, Ultimus Managers, Horizon Kinetics, Harbor Health, American Beacon, First Trust, and Direxion Daily. Tradr 2X is entity of United States. It is traded as Etf on NASDAQ exchange. 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 | 4.52 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 20.49 | |||
| Value At Risk | (7.99) | |||
| Potential Upside | 7.86 |
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 | 0.0259 | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0339 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tradr 2X'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.
Tradr 2X Long Backtested Returns
As of now, Tradr Etf is not too volatile. Tradr 2X Long owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0231, which indicates the etf had a 0.0231% 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 validate Tradr 2X's Semi Deviation of 4.08, risk adjusted performance of 0.0259, and Coefficient Of Variation of 4294.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.0914%. The entity has a beta of 2.45, 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 | 0.64 |
Good predictability
Tradr 2X Long has good 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 0.64 indicates that roughly 64.0% of current Tradr 2X price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
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 |
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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.