Absolute Core Strategy Etf Market Value
| ABEQ Etf | USD 32.61 0.06 0.18% |
| Symbol | Absolute |
The market value of Absolute Core Strategy is measured differently than its book value, which is the value of Absolute that is recorded on the company's balance sheet. Investors also form their own opinion of Absolute Core's value that differs from its market value or its book value, called intrinsic value, which is Absolute Core'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 Absolute Core's market value can be influenced by many factors that don't directly affect Absolute Core'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 Absolute Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Absolute Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Absolute Core'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.
Absolute Core '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 Absolute Core'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 Absolute Core.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Absolute Core on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Absolute Core Strategy or generate 0.0% return on investment in Absolute Core over 480 days. Absolute Core is related to or competes with Anfield Equity, AdvisorShares Dorsey, First Trust, Aptus Collared, and Anfield Universal. The funds investment sub-adviser , seeks to achieve its objective by investing primarily in equity securities of U.S More
Absolute Core 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 Absolute Core'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 Absolute Core Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5472 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 2.89 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.6755 |
Absolute Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Absolute Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Absolute Core's standard deviation. In reality, there are many statistical measures that can use Absolute Core historical prices to predict the future Absolute Core's volatility.| Risk Adjusted Performance | 0.0109 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | 0.0023 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Absolute Core'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.
Absolute Core Strategy Backtested Returns
Currently, Absolute Core Strategy is very steady. Absolute Core Strategy secures Sharpe Ratio (or Efficiency) of 0.0238, which signifies that the etf had a 0.0238% return per unit of risk over the last 3 months. We have found thirty technical indicators for Absolute Core Strategy, which you can use to evaluate the volatility of the entity. Please confirm Absolute Core's Downside Deviation of 0.5472, risk adjusted performance of 0.0109, and Mean Deviation of 0.3895 to double-check if the risk estimate we provide is consistent with the expected return of 0.0124%. The etf shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Absolute Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Absolute Core is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Absolute Core Strategy has very good predictability. Overlapping area represents the amount of predictability between Absolute Core time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 Absolute Core Strategy price movement. The serial correlation of 0.84 indicates that around 84.0% of current Absolute Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 1.53 |
Absolute Core Strategy lagged returns against current returns
Autocorrelation, which is Absolute Core 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 Absolute Core's etf expected returns. We can calculate the autocorrelation of Absolute Core returns to help us make a trade decision. For example, suppose you find that Absolute Core 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 |
Absolute Core 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 Absolute Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Absolute Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Absolute Core etf over time.
Current vs Lagged Prices |
| Timeline |
Absolute Core Lagged Returns
When evaluating Absolute Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Absolute Core etf have on its future price. Absolute Core 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, Absolute Core autocorrelation shows the relationship between Absolute Core etf current value and its past values and can show if there is a momentum factor associated with investing in Absolute Core Strategy.
Regressed Prices |
| Timeline |
Pair Trading with Absolute Core
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 Absolute Core 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 Absolute Core will appreciate offsetting losses from the drop in the long position's value.Moving together with Absolute Etf
| 0.65 | VTV | Vanguard Value Index | PairCorr |
| 0.63 | VYM | Vanguard High Dividend | PairCorr |
| 0.63 | IWD | iShares Russell 1000 | PairCorr |
| 0.67 | DGRO | iShares Core Dividend | PairCorr |
| 0.66 | IVE | iShares SP 500 | PairCorr |
Moving against Absolute Etf
The ability to find closely correlated positions to Absolute Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Absolute Core 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 Absolute Core - 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 Absolute Core Strategy to buy it.
The correlation of Absolute Core 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 Absolute Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Absolute Core Strategy 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 Absolute Core 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 Absolute Core Correlation, Absolute Core Volatility and Absolute Core Alpha and Beta module to complement your research on Absolute Core. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Absolute Core 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.