Cambria Tail Risk Etf Market Value
| TAIL Etf | USD 11.39 0.09 0.80% |
| Symbol | Cambria |
The market value of Cambria Tail Risk is measured differently than its book value, which is the value of Cambria that is recorded on the company's balance sheet. Investors also form their own opinion of Cambria Tail's value that differs from its market value or its book value, called intrinsic value, which is Cambria Tail'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 Cambria Tail's market value can be influenced by many factors that don't directly affect Cambria Tail'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 Cambria Tail's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cambria Tail is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cambria Tail'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.
Cambria Tail '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 Cambria Tail'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 Cambria Tail.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Cambria Tail on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Cambria Tail Risk or generate 0.0% return on investment in Cambria Tail over 720 days. Cambria Tail is related to or competes with Amplify BlackSwan, AGFiQ Market, Quadratic Interest, AdvisorShares Dorsey, and Cambria Value. The fund is actively managed and seeks to achieve its investment objective by investing in cash and U.S More
Cambria Tail 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 Cambria Tail'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 Cambria Tail Risk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 5.19 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.9959 |
Cambria Tail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambria Tail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cambria Tail's standard deviation. In reality, there are many statistical measures that can use Cambria Tail historical prices to predict the future Cambria Tail's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.1553 |
Cambria Tail Risk Backtested Returns
Cambria Tail Risk secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the etf had a -0.12% return per unit of risk over the last 3 months. Cambria Tail Risk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cambria Tail's Mean Deviation of 0.5263, risk adjusted performance of (0.11), and Standard Deviation of 0.739 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cambria Tail are expected to decrease at a much lower rate. During the bear market, Cambria Tail is likely to outperform the market.
Auto-correlation | 0.41 |
Average predictability
Cambria Tail Risk has average predictability. Overlapping area represents the amount of predictability between Cambria Tail time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Cambria Tail Risk price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Cambria Tail price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Cambria Tail Risk lagged returns against current returns
Autocorrelation, which is Cambria Tail 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 Cambria Tail's etf expected returns. We can calculate the autocorrelation of Cambria Tail returns to help us make a trade decision. For example, suppose you find that Cambria Tail 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 |
Cambria Tail 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 Cambria Tail etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cambria Tail etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cambria Tail etf over time.
Current vs Lagged Prices |
| Timeline |
Cambria Tail Lagged Returns
When evaluating Cambria Tail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cambria Tail etf have on its future price. Cambria Tail 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, Cambria Tail autocorrelation shows the relationship between Cambria Tail etf current value and its past values and can show if there is a momentum factor associated with investing in Cambria Tail Risk.
Regressed Prices |
| Timeline |
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Cambria Tail 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.