Impact Shares Ywca Etf Market Value
| WOMN Etf | USD 39.79 0.19 0.48% |
| Symbol | Impact |
The market value of Impact Shares YWCA is measured differently than its book value, which is the value of Impact that is recorded on the company's balance sheet. Investors also form their own opinion of Impact Shares' value that differs from its market value or its book value, called intrinsic value, which is Impact Shares' 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 Impact Shares' market value can be influenced by many factors that don't directly affect Impact Shares' 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 Impact Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Impact Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Impact Shares' 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.
Impact Shares '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 Impact Shares' 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 Impact Shares.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Impact Shares on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Impact Shares YWCA or generate 0.0% return on investment in Impact Shares over 720 days. Impact Shares is related to or competes with Innovator ETFs, and Impact Shares. The fund will, under normal circumstances, invest at least 80 percent of its total assets plus any borrowings for invest... More
Impact Shares 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 Impact Shares' 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 Impact Shares YWCA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6876 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.49 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 0.9791 |
Impact Shares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Impact Shares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Impact Shares' standard deviation. In reality, there are many statistical measures that can use Impact Shares historical prices to predict the future Impact Shares' volatility.| Risk Adjusted Performance | 0.1142 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1183 |
Impact Shares YWCA Backtested Returns
As of now, Impact Etf is very steady. Impact Shares YWCA holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Impact Shares YWCA, which you can use to evaluate the volatility of the entity. Please check out Impact Shares' Risk Adjusted Performance of 0.1142, market risk adjusted performance of 0.1283, and Downside Deviation of 0.6876 to validate if the risk estimate we provide is consistent with the expected return of 0.0873%. The etf retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Impact Shares' returns are expected to increase less than the market. However, during the bear market, the loss of holding Impact Shares is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Impact Shares YWCA has good predictability. Overlapping area represents the amount of predictability between Impact Shares time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Impact Shares YWCA price movement. The serial correlation of 0.75 indicates that around 75.0% of current Impact Shares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 4.08 |
Impact Shares YWCA lagged returns against current returns
Autocorrelation, which is Impact Shares 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 Impact Shares' etf expected returns. We can calculate the autocorrelation of Impact Shares returns to help us make a trade decision. For example, suppose you find that Impact Shares 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 |
Impact Shares 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 Impact Shares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Impact Shares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Impact Shares etf over time.
Current vs Lagged Prices |
| Timeline |
Impact Shares Lagged Returns
When evaluating Impact Shares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Impact Shares etf have on its future price. Impact Shares 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, Impact Shares autocorrelation shows the relationship between Impact Shares etf current value and its past values and can show if there is a momentum factor associated with investing in Impact Shares YWCA.
Regressed Prices |
| Timeline |
Pair Trading with Impact Shares
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 Impact Shares 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 Impact Shares will appreciate offsetting losses from the drop in the long position's value.Moving together with Impact Etf
| 0.97 | VTI | Vanguard Total Stock | PairCorr |
| 0.97 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.97 | IVV | iShares Core SP | PairCorr |
| 0.98 | VIG | Vanguard Dividend | PairCorr |
| 0.97 | VV | Vanguard Large Cap | PairCorr |
Moving against Impact Etf
| 0.8 | VIIX | VIIX | PairCorr |
| 0.77 | YCL | ProShares Ultra Yen | PairCorr |
| 0.77 | ULE | ProShares Ultra Euro | PairCorr |
| 0.76 | FXY | Invesco CurrencyShares | PairCorr |
The ability to find closely correlated positions to Impact Shares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Impact Shares 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 Impact Shares - 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 Impact Shares YWCA to buy it.
The correlation of Impact Shares 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 Impact Shares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Impact Shares YWCA 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 Impact Shares 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 Impact Shares Correlation, Impact Shares Volatility and Impact Shares Alpha and Beta module to complement your research on Impact Shares. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Impact Shares 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.