Cambria Value And Etf Market Value
| VAMO Etf | USD 32.57 0.47 1.46% |
| Symbol | Cambria |
The market value of Cambria Value 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 Value's value that differs from its market value or its book value, called intrinsic value, which is Cambria Value'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 Value's market value can be influenced by many factors that don't directly affect Cambria Value'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 Value's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cambria Value is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cambria Value'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 Value '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 Value'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 Value.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cambria Value on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cambria Value and or generate 0.0% return on investment in Cambria Value over 30 days. Cambria Value is related to or competes with WisdomTree 9060, RPAR Risk, Cambria Tail, Aptus Defined, and AGFiQ Market. The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80 percent... More
Cambria Value 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 Value'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 Value and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7981 | |||
| Information Ratio | 0.0411 | |||
| Maximum Drawdown | 6.0 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.71 |
Cambria Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambria Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cambria Value's standard deviation. In reality, there are many statistical measures that can use Cambria Value historical prices to predict the future Cambria Value's volatility.| Risk Adjusted Performance | 0.1336 | |||
| Jensen Alpha | 0.0403 | |||
| Total Risk Alpha | 0.0037 | |||
| Sortino Ratio | 0.0517 | |||
| Treynor Ratio | 0.1607 |
Cambria Value Backtested Returns
As of now, Cambria Etf is very steady. Cambria Value secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cambria Value and, which you can use to evaluate the volatility of the entity. Please confirm Cambria Value's Mean Deviation of 0.7294, risk adjusted performance of 0.1336, and Downside Deviation of 0.7981 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. The etf shows a Beta (market volatility) of 1.01, which signifies a somewhat significant risk relative to the market. Cambria Value returns are very sensitive to returns on the market. As the market goes up or down, Cambria Value is expected to follow.
Auto-correlation | 0.66 |
Good predictability
Cambria Value and has good predictability. Overlapping area represents the amount of predictability between Cambria Value time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 Value price movement. The serial correlation of 0.66 indicates that around 66.0% of current Cambria Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Cambria Value lagged returns against current returns
Autocorrelation, which is Cambria Value 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 Value's etf expected returns. We can calculate the autocorrelation of Cambria Value returns to help us make a trade decision. For example, suppose you find that Cambria Value 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 Value 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 Value etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cambria Value etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cambria Value etf over time.
Current vs Lagged Prices |
| Timeline |
Cambria Value Lagged Returns
When evaluating Cambria Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cambria Value etf have on its future price. Cambria Value 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 Value autocorrelation shows the relationship between Cambria Value etf current value and its past values and can show if there is a momentum factor associated with investing in Cambria Value and.
Regressed Prices |
| Timeline |
Pair Trading with Cambria Value
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cambria Value position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cambria Value will appreciate offsetting losses from the drop in the long position's value.Moving together with Cambria Etf
Moving against Cambria Etf
| 0.72 | BND | Vanguard Total Bond | PairCorr |
| 0.7 | CCOR | Core Alternative ETF | PairCorr |
| 0.55 | VEA | Vanguard FTSE Developed | PairCorr |
The ability to find closely correlated positions to Cambria Value could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cambria Value when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cambria Value - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cambria Value and to buy it.
The correlation of Cambria Value is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cambria Value moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cambria Value moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cambria Value can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cambria Value Correlation, Cambria Value Volatility and Cambria Value Alpha and Beta module to complement your research on Cambria Value. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Cambria Value 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.