Agfiq Market Neutral Etf Market Value
| BTAL Etf | USD 18.47 0.26 1.39% |
| Symbol | AGFiQ |
The market value of AGFiQ Market Neutral is measured differently than its book value, which is the value of AGFiQ that is recorded on the company's balance sheet. Investors also form their own opinion of AGFiQ Market's value that differs from its market value or its book value, called intrinsic value, which is AGFiQ Market'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 AGFiQ Market's market value can be influenced by many factors that don't directly affect AGFiQ Market'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 AGFiQ Market's value and its price as these two are different measures arrived at by different means. Investors typically determine if AGFiQ Market is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AGFiQ Market'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.
AGFiQ Market '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 AGFiQ Market'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 AGFiQ Market.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in AGFiQ Market on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding AGFiQ Market Neutral or generate 0.0% return on investment in AGFiQ Market over 30 days. AGFiQ Market is related to or competes with Cambria Tail, IQ Merger, Amplify BlackSwan, AdvisorShares Dorsey, and Simplify Interest. The fund will invest primarily in long positions in low beta U.S More
AGFiQ Market 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 AGFiQ Market'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 AGFiQ Market Neutral upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.78 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.33 |
AGFiQ Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AGFiQ Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AGFiQ Market's standard deviation. In reality, there are many statistical measures that can use AGFiQ Market historical prices to predict the future AGFiQ Market's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 3.84 |
AGFiQ Market Neutral Backtested Returns
AGFiQ Market Neutral secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the etf had a -0.1% return per unit of risk over the last 3 months. AGFiQ Market Neutral exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AGFiQ Market's Risk Adjusted Performance of (0.12), mean deviation of 0.6842, and Standard Deviation of 0.8359 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.0382, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AGFiQ Market are expected to decrease at a much lower rate. During the bear market, AGFiQ Market is likely to outperform the market.
Auto-correlation | 0.20 |
Weak predictability
AGFiQ Market Neutral has weak predictability. Overlapping area represents the amount of predictability between AGFiQ Market time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 AGFiQ Market Neutral price movement. The serial correlation of 0.2 indicates that over 20.0% of current AGFiQ Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
AGFiQ Market Neutral lagged returns against current returns
Autocorrelation, which is AGFiQ Market 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 AGFiQ Market's etf expected returns. We can calculate the autocorrelation of AGFiQ Market returns to help us make a trade decision. For example, suppose you find that AGFiQ Market 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 |
AGFiQ Market 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 AGFiQ Market etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AGFiQ Market etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AGFiQ Market etf over time.
Current vs Lagged Prices |
| Timeline |
AGFiQ Market Lagged Returns
When evaluating AGFiQ Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AGFiQ Market etf have on its future price. AGFiQ Market 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, AGFiQ Market autocorrelation shows the relationship between AGFiQ Market etf current value and its past values and can show if there is a momentum factor associated with investing in AGFiQ Market Neutral.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out AGFiQ Market Correlation, AGFiQ Market Volatility and AGFiQ Market Alpha and Beta module to complement your research on AGFiQ Market. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
AGFiQ Market 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.