Adaptive Alpha Opportunities Etf Market Value
| AGOX Etf | USD 29.65 0.10 0.34% |
| Symbol | Adaptive |
The market value of Adaptive Alpha Oppor is measured differently than its book value, which is the value of Adaptive that is recorded on the company's balance sheet. Investors also form their own opinion of Adaptive Alpha's value that differs from its market value or its book value, called intrinsic value, which is Adaptive Alpha'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 Adaptive Alpha's market value can be influenced by many factors that don't directly affect Adaptive Alpha'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 Adaptive Alpha's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adaptive Alpha is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adaptive Alpha'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.
Adaptive Alpha '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 Adaptive Alpha'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 Adaptive Alpha.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Adaptive Alpha on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Adaptive Alpha Opportunities or generate 0.0% return on investment in Adaptive Alpha over 30 days. Adaptive Alpha is related to or competes with FT Cboe, First Trust, FT Cboe, and Anfield Equity. The funds portfolio manager seeks to achieve its investment objective of capital appreciation by investing in ETFs that ... More
Adaptive Alpha 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 Adaptive Alpha'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 Adaptive Alpha Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.57 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.54 |
Adaptive Alpha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adaptive Alpha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adaptive Alpha's standard deviation. In reality, there are many statistical measures that can use Adaptive Alpha historical prices to predict the future Adaptive Alpha's volatility.| Risk Adjusted Performance | 0.0593 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0795 |
Adaptive Alpha Oppor Backtested Returns
At this stage we consider Adaptive Etf to be very steady. Adaptive Alpha Oppor secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the etf had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Adaptive Alpha Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Adaptive Alpha's risk adjusted performance of 0.0593, and Mean Deviation of 0.7536 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The etf shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Adaptive Alpha's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adaptive Alpha is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
Adaptive Alpha Opportunities has good predictability. Overlapping area represents the amount of predictability between Adaptive Alpha time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Adaptive Alpha Oppor price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Adaptive Alpha price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Adaptive Alpha Oppor lagged returns against current returns
Autocorrelation, which is Adaptive Alpha 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 Adaptive Alpha's etf expected returns. We can calculate the autocorrelation of Adaptive Alpha returns to help us make a trade decision. For example, suppose you find that Adaptive Alpha 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 |
Adaptive Alpha 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 Adaptive Alpha etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adaptive Alpha etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adaptive Alpha etf over time.
Current vs Lagged Prices |
| Timeline |
Adaptive Alpha Lagged Returns
When evaluating Adaptive Alpha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adaptive Alpha etf have on its future price. Adaptive Alpha 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, Adaptive Alpha autocorrelation shows the relationship between Adaptive Alpha etf current value and its past values and can show if there is a momentum factor associated with investing in Adaptive Alpha Opportunities.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Adaptive Alpha Oppor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Adaptive Alpha's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Adaptive Alpha Opportunities Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Adaptive Alpha Opportunities Etf:Check out Adaptive Alpha Correlation, Adaptive Alpha Volatility and Adaptive Alpha Alpha and Beta module to complement your research on Adaptive Alpha. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Adaptive Alpha 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.