Ab Ultra Short Etf Market Value
| YEAR Etf | USD 50.57 0.02 0.04% |
| Symbol | YEAR |
The market value of AB Ultra Short is measured differently than its book value, which is the value of YEAR that is recorded on the company's balance sheet. Investors also form their own opinion of AB Ultra's value that differs from its market value or its book value, called intrinsic value, which is AB Ultra'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 AB Ultra's market value can be influenced by many factors that don't directly affect AB Ultra'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 AB Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if AB Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AB Ultra'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.
AB Ultra '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 AB Ultra'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 AB Ultra.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in AB Ultra on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding AB Ultra Short or generate 0.0% return on investment in AB Ultra over 720 days. AB Ultra is related to or competes with Ab Tax, Simplify Exchange, Forestar, Bondbloxx ETF, and Quaker Investment. The investment seeks to provide current income, consistent with preservation of capital More
AB Ultra 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 AB Ultra'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 AB Ultra Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0589 | |||
| Information Ratio | (1.72) | |||
| Maximum Drawdown | 0.4168 | |||
| Value At Risk | (0.08) | |||
| Potential Upside | 0.1198 |
AB Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AB Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AB Ultra's standard deviation. In reality, there are many statistical measures that can use AB Ultra historical prices to predict the future AB Ultra's volatility.| Risk Adjusted Performance | 0.0572 | |||
| Jensen Alpha | 0.0033 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (1.98) | |||
| Treynor Ratio | 0.5489 |
AB Ultra Short Backtested Returns
Currently, AB Ultra Short is very steady. AB Ultra Short retains Efficiency (Sharpe Ratio) of 0.2, which signifies that the etf had a 0.2% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for AB Ultra, which you can use to evaluate the volatility of the entity. Please confirm AB Ultra's Market Risk Adjusted Performance of 0.5589, standard deviation of 0.0678, and Variance of 0.0046 to double-check if the risk estimate we provide is consistent with the expected return of 0.0135%. The entity owns a Beta (Systematic Risk) of 0.0076, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AB Ultra's returns are expected to increase less than the market. However, during the bear market, the loss of holding AB Ultra is expected to be smaller as well.
Auto-correlation | 0.99 |
Perfect predictability
AB Ultra Short has perfect predictability. Overlapping area represents the amount of predictability between AB Ultra time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 AB Ultra Short price movement. The serial correlation of 0.99 indicates that 99.0% of current AB Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.99 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
AB Ultra Short lagged returns against current returns
Autocorrelation, which is AB Ultra 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 AB Ultra's etf expected returns. We can calculate the autocorrelation of AB Ultra returns to help us make a trade decision. For example, suppose you find that AB Ultra 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 |
AB Ultra 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 AB Ultra etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AB Ultra etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AB Ultra etf over time.
Current vs Lagged Prices |
| Timeline |
AB Ultra Lagged Returns
When evaluating AB Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AB Ultra etf have on its future price. AB Ultra 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, AB Ultra autocorrelation shows the relationship between AB Ultra etf current value and its past values and can show if there is a momentum factor associated with investing in AB Ultra Short.
Regressed Prices |
| Timeline |
Pair Trading with AB Ultra
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 AB Ultra 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 AB Ultra will appreciate offsetting losses from the drop in the long position's value.Moving together with YEAR Etf
| 0.89 | BIL | SPDR Bloomberg 1 | PairCorr |
| 0.9 | SHV | iShares Short Treasury | PairCorr |
| 0.96 | JPST | JPMorgan Ultra Short | PairCorr |
| 0.85 | USFR | WisdomTree Floating Rate | PairCorr |
| 0.93 | ICSH | iShares Ultra Short | PairCorr |
Moving against YEAR Etf
| 0.8 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.72 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.39 | LUX | Tema ETF Trust | PairCorr |
The ability to find closely correlated positions to AB Ultra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AB Ultra 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 AB Ultra - 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 AB Ultra Short to buy it.
The correlation of AB Ultra 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 AB Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AB Ultra Short 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 AB Ultra 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 AB Ultra Correlation, AB Ultra Volatility and AB Ultra Alpha and Beta module to complement your research on AB Ultra. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
AB Ultra 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.