Stance Equity Esg Etf Market Value
| STNC Etf | USD 32.44 0.41 1.28% |
| Symbol | Stance |
The market value of Stance Equity ESG is measured differently than its book value, which is the value of Stance that is recorded on the company's balance sheet. Investors also form their own opinion of Stance Equity's value that differs from its market value or its book value, called intrinsic value, which is Stance 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 Stance Equity's market value can be influenced by many factors that don't directly affect Stance 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 Stance Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stance Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stance 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.
Stance 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 Stance 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 Stance Equity.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Stance Equity on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Stance Equity ESG or generate 0.0% return on investment in Stance Equity over 180 days. Stance Equity is related to or competes with Morningstar Unconstrained, High-yield Municipal, Via Renewables, Knife River, Klckner Co, CarMax, and SEI Investments. The fund is an actively managed exchange-traded fund that will invest, under normal circumstances at least 80 percent of... More
Stance 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 Stance 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 Stance Equity ESG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7704 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.47 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.28 |
Stance Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stance Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stance Equity's standard deviation. In reality, there are many statistical measures that can use Stance Equity historical prices to predict the future Stance Equity's volatility.| Risk Adjusted Performance | 0.125 | |||
| Jensen Alpha | 0.018 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1416 |
Stance Equity ESG Backtested Returns
At this point, Stance Equity is very steady. Stance Equity ESG owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the etf had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Stance Equity ESG, which you can use to evaluate the volatility of the etf. Please validate Stance Equity's Semi Deviation of 0.567, coefficient of variation of 609.7, and Risk Adjusted Performance of 0.125 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Stance Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stance Equity is expected to be smaller as well.
Auto-correlation | 0.49 |
Average predictability
Stance Equity ESG has average predictability. Overlapping area represents the amount of predictability between Stance Equity time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Stance Equity ESG price movement. The serial correlation of 0.49 indicates that about 49.0% of current Stance Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Stance Equity ESG lagged returns against current returns
Autocorrelation, which is Stance 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 Stance Equity's etf expected returns. We can calculate the autocorrelation of Stance Equity returns to help us make a trade decision. For example, suppose you find that Stance 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 |
Stance 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 Stance Equity etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stance Equity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stance Equity etf over time.
Current vs Lagged Prices |
| Timeline |
Stance Equity Lagged Returns
When evaluating Stance Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stance Equity etf have on its future price. Stance 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, Stance Equity autocorrelation shows the relationship between Stance Equity etf current value and its past values and can show if there is a momentum factor associated with investing in Stance Equity ESG.
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 Stance Equity ESG offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Stance 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 Stance Equity Esg Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Stance Equity Esg Etf:Check out Stance Equity Correlation, Stance Equity Volatility and Stance Equity Alpha and Beta module to complement your research on Stance Equity. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Stance 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.