Ab Tax Aware Short Etf Market Value
| TAFI Etf | USD 25.13 0.01 0.04% |
| Symbol | TAFI |
The market value of Ab Tax Aware is measured differently than its book value, which is the value of TAFI that is recorded on the company's balance sheet. Investors also form their own opinion of Ab Tax's value that differs from its market value or its book value, called intrinsic value, which is Ab Tax'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 Ab Tax's market value can be influenced by many factors that don't directly affect Ab Tax'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 Ab Tax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ab Tax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ab Tax'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.
Ab Tax '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 Ab Tax'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 Ab Tax.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Ab Tax on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Ab Tax Aware Short or generate 0.0% return on investment in Ab Tax over 720 days. Ab Tax is related to or competes with AB Ultra, Angel Oak, Bondbloxx ETF, and Bondbloxx ETF. The investment seeks to provide relative stability of principal and a moderate rate of after-tax return and income More
Ab Tax 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 Ab Tax'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 Ab Tax Aware Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2213 | |||
| Information Ratio | (0.87) | |||
| Maximum Drawdown | 1.03 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.1596 |
Ab Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Tax's standard deviation. In reality, there are many statistical measures that can use Ab Tax historical prices to predict the future Ab Tax's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.57) | |||
| Treynor Ratio | 2.38 |
Ab Tax Aware Backtested Returns
Ab Tax is very steady at the moment. Ab Tax Aware retains Efficiency (Sharpe Ratio) of 0.0396, which signifies that the etf had a 0.0396% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for Ab Tax, which you can use to evaluate the volatility of the entity. Please confirm Ab Tax's Coefficient Of Variation of 2524.63, standard deviation of 0.1441, and Market Risk Adjusted Performance of 2.39 to double-check if the risk estimate we provide is consistent with the expected return of 0.0057%. The etf owns a Beta (Systematic Risk) of -0.0018, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ab Tax are expected to decrease at a much lower rate. During the bear market, Ab Tax is likely to outperform the market.
Auto-correlation | 0.32 |
Below average predictability
Ab Tax Aware Short has below average predictability. Overlapping area represents the amount of predictability between Ab Tax time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Ab Tax Aware price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Ab Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Ab Tax Aware lagged returns against current returns
Autocorrelation, which is Ab Tax 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 Ab Tax's etf expected returns. We can calculate the autocorrelation of Ab Tax returns to help us make a trade decision. For example, suppose you find that Ab Tax 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 |
Ab Tax 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 Ab Tax etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Tax etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab Tax etf over time.
Current vs Lagged Prices |
| Timeline |
Ab Tax Lagged Returns
When evaluating Ab Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Tax etf have on its future price. Ab Tax 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, Ab Tax autocorrelation shows the relationship between Ab Tax etf current value and its past values and can show if there is a momentum factor associated with investing in Ab Tax Aware Short.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Ab Tax Aware offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ab Tax'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 Ab Tax Aware Short Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ab Tax Aware Short Etf:Check out Ab Tax Correlation, Ab Tax Volatility and Ab Tax Alpha and Beta module to complement your research on Ab Tax. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Ab Tax 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.