Elevation Series Trust Etf Market Value
| CBLS Etf | USD 28.31 0.16 0.56% |
| Symbol | Elevation |
The market value of Elevation Series Trust is measured differently than its book value, which is the value of Elevation that is recorded on the company's balance sheet. Investors also form their own opinion of Elevation Series' value that differs from its market value or its book value, called intrinsic value, which is Elevation Series' 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 Elevation Series' market value can be influenced by many factors that don't directly affect Elevation Series' 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 Elevation Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Elevation Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elevation Series' 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.
Elevation Series '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 Elevation Series' 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 Elevation Series.
| 11/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Elevation Series on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Elevation Series Trust or generate 0.0% return on investment in Elevation Series over 60 days. Elevation Series is related to or competes with Elevation Series, Tidal ETF, First Trust, Core Alternative, and Franklin Liberty. The Adviser also considers an assessment of a companys ESG attributes in determining the attractiveness of an investment... More
Elevation Series 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 Elevation Series' 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 Elevation Series Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7168 | |||
| Information Ratio | 0.1615 | |||
| Maximum Drawdown | 3.42 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.73 |
Elevation Series Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elevation Series' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elevation Series' standard deviation. In reality, there are many statistical measures that can use Elevation Series historical prices to predict the future Elevation Series' volatility.| Risk Adjusted Performance | 0.1866 | |||
| Jensen Alpha | 0.1607 | |||
| Total Risk Alpha | 0.1343 | |||
| Sortino Ratio | 0.1857 | |||
| Treynor Ratio | 0.6199 |
Elevation Series Trust Backtested Returns
Elevation Series appears to be very steady, given 3 months investment horizon. Elevation Series Trust secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the etf had a 0.24 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Elevation Series Trust, which you can use to evaluate the volatility of the entity. Please utilize Elevation Series' Downside Deviation of 0.7168, coefficient of variation of 455.01, and Mean Deviation of 0.6585 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Elevation Series' returns are expected to increase less than the market. However, during the bear market, the loss of holding Elevation Series is expected to be smaller as well.
Auto-correlation | -0.65 |
Very good reverse predictability
Elevation Series Trust has very good reverse predictability. Overlapping area represents the amount of predictability between Elevation Series time series from 25th of November 2024 to 25th of December 2024 and 25th of December 2024 to 24th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elevation Series Trust price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Elevation Series price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Elevation Series Trust lagged returns against current returns
Autocorrelation, which is Elevation Series 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 Elevation Series' etf expected returns. We can calculate the autocorrelation of Elevation Series returns to help us make a trade decision. For example, suppose you find that Elevation Series 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 |
Elevation Series 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 Elevation Series etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elevation Series etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elevation Series etf over time.
Current vs Lagged Prices |
| Timeline |
Elevation Series Lagged Returns
When evaluating Elevation Series' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elevation Series etf have on its future price. Elevation Series 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, Elevation Series autocorrelation shows the relationship between Elevation Series etf current value and its past values and can show if there is a momentum factor associated with investing in Elevation Series Trust.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Elevation Series Correlation, Elevation Series Volatility and Elevation Series Alpha and Beta module to complement your research on Elevation Series. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Elevation Series 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.