Anfield Equity Sector Etf Market Value
| AESR Etf | USD 17.81 0.12 0.68% |
| Symbol | Anfield |
The market value of Anfield Equity Sector is measured differently than its book value, which is the value of Anfield that is recorded on the company's balance sheet. Investors also form their own opinion of Anfield Equity's value that differs from its market value or its book value, called intrinsic value, which is Anfield Equity'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 Anfield Equity's market value can be influenced by many factors that don't directly affect Anfield Equity'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 Anfield Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Anfield Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anfield Equity'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.
Anfield Equity '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 Anfield Equity'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 Anfield Equity.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Anfield Equity on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Anfield Equity Sector or generate 0.0% return on investment in Anfield Equity over 30 days. Anfield Equity is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Dividend, Vanguard Large, Invesco SP, and IShares Russell. The fund is an actively managed exchange traded fund that normally invests at least 80 percent of its net assets, includ... More
Anfield Equity 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 Anfield Equity'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 Anfield Equity Sector upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9775 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.34 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.36 |
Anfield Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anfield Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anfield Equity's standard deviation. In reality, there are many statistical measures that can use Anfield Equity historical prices to predict the future Anfield Equity's volatility.| Risk Adjusted Performance | 0.0982 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1166 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Anfield Equity'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.
Anfield Equity Sector Backtested Returns
Currently, Anfield Equity Sector is very steady. Anfield Equity Sector secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the etf had a 0.18% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Anfield Equity Sector, which you can use to evaluate the volatility of the entity. Please confirm Anfield Equity's risk adjusted performance of 0.0982, and Mean Deviation of 0.6487 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The etf shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. Anfield Equity returns are very sensitive to returns on the market. As the market goes up or down, Anfield Equity is expected to follow.
Auto-correlation | 0.86 |
Very good predictability
Anfield Equity Sector has very good predictability. Overlapping area represents the amount of predictability between Anfield Equity time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Anfield Equity Sector price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Anfield Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Anfield Equity Sector lagged returns against current returns
Autocorrelation, which is Anfield Equity 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 Anfield Equity's etf expected returns. We can calculate the autocorrelation of Anfield Equity returns to help us make a trade decision. For example, suppose you find that Anfield Equity 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 |
Anfield Equity 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 Anfield Equity etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anfield Equity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anfield Equity etf over time.
Current vs Lagged Prices |
| Timeline |
Anfield Equity Lagged Returns
When evaluating Anfield Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anfield Equity etf have on its future price. Anfield Equity 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, Anfield Equity autocorrelation shows the relationship between Anfield Equity etf current value and its past values and can show if there is a momentum factor associated with investing in Anfield Equity Sector.
Regressed Prices |
| Timeline |
Pair Trading with Anfield Equity
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 Anfield Equity 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 Anfield Equity will appreciate offsetting losses from the drop in the long position's value.Moving together with Anfield Etf
| 0.99 | VTI | Vanguard Total Stock | PairCorr |
| 0.99 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.99 | IVV | iShares Core SP | PairCorr |
| 0.94 | VIG | Vanguard Dividend | PairCorr |
| 0.99 | VV | Vanguard Large Cap | PairCorr |
The ability to find closely correlated positions to Anfield Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anfield Equity 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 Anfield Equity - 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 Anfield Equity Sector to buy it.
The correlation of Anfield Equity 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 Anfield Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anfield Equity Sector 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 Anfield Equity 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 Anfield Equity Correlation, Anfield Equity Volatility and Anfield Equity Alpha and Beta module to complement your research on Anfield Equity. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Anfield Equity 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.