Teucrium Wheat Etf Market Value
| WEAT Etf | USD 4.97 0.02 0.40% |
| Symbol | Teucrium |
The market value of Teucrium Wheat is measured differently than its book value, which is the value of Teucrium that is recorded on the company's balance sheet. Investors also form their own opinion of Teucrium Wheat's value that differs from its market value or its book value, called intrinsic value, which is Teucrium Wheat'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 Teucrium Wheat's market value can be influenced by many factors that don't directly affect Teucrium Wheat'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 Teucrium Wheat's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teucrium Wheat is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teucrium Wheat'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.
Teucrium Wheat '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 Teucrium Wheat'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 Teucrium Wheat.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Teucrium Wheat on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Teucrium Wheat or generate 0.0% return on investment in Teucrium Wheat over 180 days. Teucrium Wheat is related to or competes with Teucrium Corn, Teucrium Soybean, Teucrium Sugar, and Invesco DB. The fund seeks to achieve its investment objective by investing in Benchmark Component Futures Contracts More
Teucrium Wheat 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 Teucrium Wheat'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 Teucrium Wheat upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.9 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 2.21 |
Teucrium Wheat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teucrium Wheat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teucrium Wheat's standard deviation. In reality, there are many statistical measures that can use Teucrium Wheat historical prices to predict the future Teucrium Wheat's volatility.| Risk Adjusted Performance | 0.0072 | |||
| Jensen Alpha | 0.0106 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0269 |
Teucrium Wheat Backtested Returns
Currently, Teucrium Wheat is somewhat reliable. Teucrium Wheat owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0683, which indicates the etf had a 0.0683% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Teucrium Wheat, which you can use to evaluate the volatility of the etf. Please validate Teucrium Wheat's Coefficient Of Variation of 25116.07, risk adjusted performance of 0.0072, and Semi Deviation of 1.28 to confirm if the risk estimate we provide is consistent with the expected return of 0.0865%. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Teucrium Wheat are expected to decrease at a much lower rate. During the bear market, Teucrium Wheat is likely to outperform the market.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Teucrium Wheat has insignificant reverse predictability. Overlapping area represents the amount of predictability between Teucrium Wheat time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Teucrium Wheat price movement. The serial correlation of -0.19 indicates that over 19.0% of current Teucrium Wheat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Teucrium Wheat lagged returns against current returns
Autocorrelation, which is Teucrium Wheat 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 Teucrium Wheat's etf expected returns. We can calculate the autocorrelation of Teucrium Wheat returns to help us make a trade decision. For example, suppose you find that Teucrium Wheat 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 |
Teucrium Wheat 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 Teucrium Wheat etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teucrium Wheat etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teucrium Wheat etf over time.
Current vs Lagged Prices |
| Timeline |
Teucrium Wheat Lagged Returns
When evaluating Teucrium Wheat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teucrium Wheat etf have on its future price. Teucrium Wheat 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, Teucrium Wheat autocorrelation shows the relationship between Teucrium Wheat etf current value and its past values and can show if there is a momentum factor associated with investing in Teucrium Wheat.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Teucrium Wheat 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.