Barclays Etn Select Etf Market Value
| ATMP Etf | USD 30.28 0.54 1.82% |
| Symbol | Barclays |
The market value of Barclays ETN Select is measured differently than its book value, which is the value of Barclays that is recorded on the company's balance sheet. Investors also form their own opinion of Barclays ETN's value that differs from its market value or its book value, called intrinsic value, which is Barclays ETN'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 Barclays ETN's market value can be influenced by many factors that don't directly affect Barclays ETN'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 Barclays ETN's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barclays ETN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barclays ETN'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.
Barclays ETN '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 Barclays ETN'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 Barclays ETN.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Barclays ETN on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Barclays ETN Select or generate 0.0% return on investment in Barclays ETN over 30 days. Barclays ETN is related to or competes with Alerian Energy, UBS AG, First Trust, Tortoise North, and UBS AG. The index seeks to capture returns that may be available from investing in a basket of direct or indirect interests in m... More
Barclays ETN 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 Barclays ETN'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 Barclays ETN Select upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7263 | |||
| Information Ratio | 0.1718 | |||
| Maximum Drawdown | 4.59 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.79 |
Barclays ETN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Barclays ETN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Barclays ETN's standard deviation. In reality, there are many statistical measures that can use Barclays ETN historical prices to predict the future Barclays ETN's volatility.| Risk Adjusted Performance | 0.252 | |||
| Jensen Alpha | 0.2141 | |||
| Total Risk Alpha | 0.1319 | |||
| Sortino Ratio | 0.2086 | |||
| Treynor Ratio | 0.5478 |
Barclays ETN Select Backtested Returns
Barclays ETN appears to be very steady, given 3 months investment horizon. Barclays ETN Select secures Sharpe Ratio (or Efficiency) of 0.32, which signifies that the etf had a 0.32% return per unit of risk over the last 3 months. We have found thirty technical indicators for Barclays ETN Select, which you can use to evaluate the volatility of the entity. Please makes use of Barclays ETN's Mean Deviation of 0.679, downside deviation of 0.7263, and Risk Adjusted Performance of 0.252 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Barclays ETN's returns are expected to increase less than the market. However, during the bear market, the loss of holding Barclays ETN is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
Barclays ETN Select has good predictability. Overlapping area represents the amount of predictability between Barclays ETN 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 Barclays ETN Select price movement. The serial correlation of 0.79 indicates that around 79.0% of current Barclays ETN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Barclays ETN Select lagged returns against current returns
Autocorrelation, which is Barclays ETN 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 Barclays ETN's etf expected returns. We can calculate the autocorrelation of Barclays ETN returns to help us make a trade decision. For example, suppose you find that Barclays ETN 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 |
Barclays ETN 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 Barclays ETN etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Barclays ETN etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Barclays ETN etf over time.
Current vs Lagged Prices |
| Timeline |
Barclays ETN Lagged Returns
When evaluating Barclays ETN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Barclays ETN etf have on its future price. Barclays ETN 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, Barclays ETN autocorrelation shows the relationship between Barclays ETN etf current value and its past values and can show if there is a momentum factor associated with investing in Barclays ETN Select.
Regressed Prices |
| Timeline |
Pair Trading with Barclays ETN
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 Barclays ETN 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 Barclays ETN will appreciate offsetting losses from the drop in the long position's value.Moving together with Barclays Etf
| 0.99 | EMLP | First Trust North | PairCorr |
| 0.88 | AMJ | JPMorgan | PairCorr |
| 0.94 | MLPA | Global X MLP | PairCorr |
| 0.99 | MLPX | Global X MLP | PairCorr |
| 0.99 | TPYP | Tortoise North American | PairCorr |
Moving against Barclays Etf
| 0.7 | TLT | iShares 20 Year Aggressive Push | PairCorr |
The ability to find closely correlated positions to Barclays ETN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barclays ETN 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 Barclays ETN - 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 Barclays ETN Select to buy it.
The correlation of Barclays ETN 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 Barclays ETN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barclays ETN Select 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 Barclays ETN 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 Barclays ETN Correlation, Barclays ETN Volatility and Barclays ETN Alpha and Beta module to complement your research on Barclays ETN. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Barclays ETN 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.