Fairlead Tactical Sector Etf Market Value
| TACK Etf | USD 29.08 0.09 0.31% |
| Symbol | Fairlead |
The market value of Fairlead Tactical Sector is measured differently than its book value, which is the value of Fairlead that is recorded on the company's balance sheet. Investors also form their own opinion of Fairlead Tactical's value that differs from its market value or its book value, called intrinsic value, which is Fairlead 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 Fairlead Tactical's market value can be influenced by many factors that don't directly affect Fairlead 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 Fairlead Tactical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fairlead Tactical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fairlead 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.
Fairlead 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 Fairlead 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 Fairlead Tactical.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Fairlead Tactical on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fairlead Tactical Sector or generate 0.0% return on investment in Fairlead Tactical over 30 days. Fairlead Tactical is related to or competes with Virtus ETF, Pacer Cash, IMGP DBi, Horizon Kinetics, and IShares Small. The fund is a diversified actively-managed ETF that under normal circumstances will invest more than 80 percent of the f... More
Fairlead 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 Fairlead 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 Fairlead Tactical Sector upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6037 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.6 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 1.05 |
Fairlead Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fairlead Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fairlead Tactical's standard deviation. In reality, there are many statistical measures that can use Fairlead Tactical historical prices to predict the future Fairlead Tactical's volatility.| Risk Adjusted Performance | 0.1229 | |||
| Jensen Alpha | (0.0007) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1266 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fairlead 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.
Fairlead Tactical Sector Backtested Returns
As of now, Fairlead Etf is very steady. Fairlead Tactical Sector secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the etf had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fairlead Tactical Sector, which you can use to evaluate the volatility of the entity. Please confirm Fairlead Tactical's Downside Deviation of 0.6037, mean deviation of 0.4969, and Coefficient Of Variation of 610.68 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The etf shows a Beta (market volatility) of 0.73, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fairlead Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fairlead Tactical is expected to be smaller as well.
Auto-correlation | 0.95 |
Excellent predictability
Fairlead Tactical Sector has excellent predictability. Overlapping area represents the amount of predictability between Fairlead Tactical 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 Fairlead Tactical Sector price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Fairlead Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Fairlead Tactical Sector lagged returns against current returns
Autocorrelation, which is Fairlead 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 Fairlead Tactical's etf expected returns. We can calculate the autocorrelation of Fairlead Tactical returns to help us make a trade decision. For example, suppose you find that Fairlead 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 |
Fairlead 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 Fairlead Tactical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fairlead Tactical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fairlead Tactical etf over time.
Current vs Lagged Prices |
| Timeline |
Fairlead Tactical Lagged Returns
When evaluating Fairlead Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fairlead Tactical etf have on its future price. Fairlead 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, Fairlead Tactical autocorrelation shows the relationship between Fairlead Tactical etf current value and its past values and can show if there is a momentum factor associated with investing in Fairlead Tactical Sector.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Fairlead Tactical Correlation, Fairlead Tactical Volatility and Fairlead Tactical Alpha and Beta module to complement your research on Fairlead Tactical. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Fairlead 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.