Simplify Equity Plus Etf Market Value
| SPUC Etf | USD 45.16 0.42 0.94% |
| Symbol | Simplify |
The market value of Simplify Equity PLUS is measured differently than its book value, which is the value of Simplify that is recorded on the company's balance sheet. Investors also form their own opinion of Simplify Equity's value that differs from its market value or its book value, called intrinsic value, which is Simplify Equity'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 Simplify Equity's market value can be influenced by many factors that don't directly affect Simplify Equity'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 Simplify Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Simplify Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simplify Equity'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.
Simplify Equity '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 Simplify Equity'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 Simplify Equity.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Simplify Equity on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Simplify Equity PLUS or generate 0.0% return on investment in Simplify Equity over 30 days. Simplify Equity is related to or competes with Simplify Equity, and Simplify Equity. The adviser seeks to achieve the funds investment objective by investing primarily in equity securities of U.S More
Simplify Equity 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 Simplify Equity'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 Simplify Equity PLUS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.0177 | |||
| Maximum Drawdown | 6.44 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.62 |
Simplify Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simplify Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simplify Equity's standard deviation. In reality, there are many statistical measures that can use Simplify Equity historical prices to predict the future Simplify Equity's volatility.| Risk Adjusted Performance | 0.1095 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.017 | |||
| Treynor Ratio | 0.1193 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Simplify Equity'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.
Simplify Equity PLUS Backtested Returns
At this point, Simplify Equity is very steady. Simplify Equity PLUS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the etf had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Simplify Equity PLUS, which you can use to evaluate the volatility of the etf. Please validate Simplify Equity's Coefficient Of Variation of 719.73, risk adjusted performance of 0.1095, and Semi Deviation of 1.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. The entity has a beta of 1.24, 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, Simplify Equity will likely underperform.
Auto-correlation | 0.91 |
Excellent predictability
Simplify Equity PLUS has excellent predictability. Overlapping area represents the amount of predictability between Simplify Equity time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Simplify Equity PLUS price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Simplify Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Simplify Equity PLUS lagged returns against current returns
Autocorrelation, which is Simplify Equity 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 Simplify Equity's etf expected returns. We can calculate the autocorrelation of Simplify Equity returns to help us make a trade decision. For example, suppose you find that Simplify Equity 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 |
Simplify Equity 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 Simplify Equity etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simplify Equity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simplify Equity etf over time.
Current vs Lagged Prices |
| Timeline |
Simplify Equity Lagged Returns
When evaluating Simplify Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simplify Equity etf have on its future price. Simplify Equity 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, Simplify Equity autocorrelation shows the relationship between Simplify Equity etf current value and its past values and can show if there is a momentum factor associated with investing in Simplify Equity PLUS.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Simplify Equity PLUS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Simplify Equity's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Simplify Equity Plus Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Simplify Equity Plus Etf:Check out Simplify Equity Correlation, Simplify Equity Volatility and Simplify Equity Alpha and Beta module to complement your research on Simplify Equity. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Simplify Equity 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.