Cambria Trinity Etf Market Value
| TRTY Etf | USD 26.27 0.11 0.42% |
| Symbol | Cambria |
The market value of Cambria Trinity ETF 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 Trinity's value that differs from its market value or its book value, called intrinsic value, which is Cambria Trinity'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 Trinity's market value can be influenced by many factors that don't directly affect Cambria Trinity'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 Trinity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cambria Trinity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cambria Trinity'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 Trinity '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 Trinity'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 Trinity.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Cambria Trinity on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cambria Trinity ETF or generate 0.0% return on investment in Cambria Trinity over 60 days. Cambria Trinity is related to or competes with Argent Mid, Calumet Specialty, Loop Industries, and Hurco Companies. Under normal market conditions, the fund invests at least 80 percent of its total assets in affiliated and unaffiliated ... More
Cambria Trinity 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 Trinity'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 Trinity ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6539 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.77 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.01 |
Cambria Trinity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambria Trinity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cambria Trinity's standard deviation. In reality, there are many statistical measures that can use Cambria Trinity historical prices to predict the future Cambria Trinity's volatility.| Risk Adjusted Performance | 0.0601 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.079 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cambria Trinity'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.
Cambria Trinity ETF Backtested Returns
At this stage we consider Cambria Etf to be very steady. Cambria Trinity ETF secures Sharpe Ratio (or Efficiency) of 0.0467, which signifies that the etf had a 0.0467% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cambria Trinity ETF, which you can use to evaluate the volatility of the entity. Please confirm Cambria Trinity's Downside Deviation of 0.6539, risk adjusted performance of 0.0601, and Mean Deviation of 0.4727 to double-check if the risk estimate we provide is consistent with the expected return of 0.0277%. The etf shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cambria Trinity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cambria Trinity is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Cambria Trinity ETF has good reverse predictability. Overlapping area represents the amount of predictability between Cambria Trinity time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Trinity ETF price movement. The serial correlation of -0.52 indicates that about 52.0% of current Cambria Trinity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Cambria Trinity ETF lagged returns against current returns
Autocorrelation, which is Cambria Trinity 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 Trinity's etf expected returns. We can calculate the autocorrelation of Cambria Trinity returns to help us make a trade decision. For example, suppose you find that Cambria Trinity 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 Trinity 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 Trinity etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cambria Trinity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cambria Trinity etf over time.
Current vs Lagged Prices |
| Timeline |
Cambria Trinity Lagged Returns
When evaluating Cambria Trinity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cambria Trinity etf have on its future price. Cambria Trinity 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 Trinity autocorrelation shows the relationship between Cambria Trinity etf current value and its past values and can show if there is a momentum factor associated with investing in Cambria Trinity ETF.
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 Cambria Trinity ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cambria Trinity'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 Cambria Trinity Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Cambria Trinity Etf:Check out Cambria Trinity Correlation, Cambria Trinity Volatility and Cambria Trinity Alpha and Beta module to complement your research on Cambria Trinity. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Cambria Trinity 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.