Ft Vest Technology Etf Market Value
| TDVI Etf | 24.66 0.02 0.08% |
| Symbol | TDVI |
The market value of FT Vest Technology is measured differently than its book value, which is the value of TDVI that is recorded on the company's balance sheet. Investors also form their own opinion of FT Vest's value that differs from its market value or its book value, called intrinsic value, which is FT Vest'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 FT Vest's market value can be influenced by many factors that don't directly affect FT Vest'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 FT Vest's value and its price as these two are different measures arrived at by different means. Investors typically determine if FT Vest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FT Vest'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.
FT Vest '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 FT Vest'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 FT Vest.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in FT Vest on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding FT Vest Technology or generate 0.0% return on investment in FT Vest over 90 days. FT Vest is related to or competes with First Trust, Ultimus Managers, Horizon Kinetics, Harbor Health, American Beacon, First Trust, and Direxion Daily. FT Vest is entity of United States. It is traded as Etf on BATS exchange. More
FT Vest 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 FT Vest'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 FT Vest Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.67 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 1.7 |
FT Vest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FT Vest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FT Vest's standard deviation. In reality, there are many statistical measures that can use FT Vest historical prices to predict the future FT Vest's volatility.| Risk Adjusted Performance | 0.046 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0515 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FT Vest'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.
FT Vest Technology Backtested Returns
FT Vest is somewhat reliable at the moment. FT Vest Technology retains Efficiency (Sharpe Ratio) of 0.0584, which denotes the etf had a 0.0584% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for FT Vest, which you can use to evaluate the volatility of the entity. Please confirm FT Vest's Market Risk Adjusted Performance of 0.0615, standard deviation of 1.05, and Downside Deviation of 1.07 to check if the risk estimate we provide is consistent with the expected return of 0.0616%. The etf owns a Beta (Systematic Risk) of 0.96, which means possible diversification benefits within a given portfolio. FT Vest returns are very sensitive to returns on the market. As the market goes up or down, FT Vest is expected to follow.
Auto-correlation | -0.32 |
Poor reverse predictability
FT Vest Technology has poor reverse predictability. Overlapping area represents the amount of predictability between FT Vest time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 FT Vest Technology price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current FT Vest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
FT Vest Technology lagged returns against current returns
Autocorrelation, which is FT Vest 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 FT Vest's etf expected returns. We can calculate the autocorrelation of FT Vest returns to help us make a trade decision. For example, suppose you find that FT Vest 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 |
FT Vest 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 FT Vest etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FT Vest etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FT Vest etf over time.
Current vs Lagged Prices |
| Timeline |
FT Vest Lagged Returns
When evaluating FT Vest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FT Vest etf have on its future price. FT Vest 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, FT Vest autocorrelation shows the relationship between FT Vest etf current value and its past values and can show if there is a momentum factor associated with investing in FT Vest Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether FT Vest Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FT Vest'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 Ft Vest Technology Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ft Vest Technology Etf:Check out FT Vest Correlation, FT Vest Volatility and FT Vest Alpha and Beta module to complement your research on FT Vest. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
FT Vest 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.