Core Alternative Etf Market Value
| CCOR Etf | USD 25.89 0.07 0.27% |
| Symbol | Core |
The market value of Core Alternative ETF is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Alternative's value that differs from its market value or its book value, called intrinsic value, which is Core Alternative'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 Core Alternative's market value can be influenced by many factors that don't directly affect Core Alternative'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 Core Alternative's value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Alternative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Alternative'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.
Core Alternative '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 Core Alternative'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 Core Alternative.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in Core Alternative on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding Core Alternative ETF or generate 0.0% return on investment in Core Alternative over 720 days. Core Alternative is related to or competes with Alpha Architect, Alpha Architect, Alpha Architect, Alpha Architect, and Cambria Global. The fund invests primarily in U.S. equity securities that tend to offer current dividends More
Core Alternative 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 Core Alternative'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 Core Alternative ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 2.08 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.6813 |
Core Alternative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Core Alternative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Core Alternative's standard deviation. In reality, there are many statistical measures that can use Core Alternative historical prices to predict the future Core Alternative's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (1.41) |
Core Alternative ETF Backtested Returns
Core Alternative ETF secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the etf had a -0.17% return per unit of risk over the last 3 months. Core Alternative ETF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Core Alternative's Standard Deviation of 0.4808, risk adjusted performance of (0.13), and Mean Deviation of 0.4151 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0657, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Core Alternative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Core Alternative is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
Core Alternative ETF has poor predictability. Overlapping area represents the amount of predictability between Core Alternative time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 Core Alternative ETF price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Core Alternative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Core Alternative ETF lagged returns against current returns
Autocorrelation, which is Core Alternative 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 Core Alternative's etf expected returns. We can calculate the autocorrelation of Core Alternative returns to help us make a trade decision. For example, suppose you find that Core Alternative 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 |
Core Alternative 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 Core Alternative etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Core Alternative etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Core Alternative etf over time.
Current vs Lagged Prices |
| Timeline |
Core Alternative Lagged Returns
When evaluating Core Alternative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Core Alternative etf have on its future price. Core Alternative 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, Core Alternative autocorrelation shows the relationship between Core Alternative etf current value and its past values and can show if there is a momentum factor associated with investing in Core Alternative ETF.
Regressed Prices |
| Timeline |
Pair Trading with Core Alternative
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 Core Alternative 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 Core Alternative will appreciate offsetting losses from the drop in the long position's value.Moving against Core Etf
| 0.83 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.79 | HEQT | Simplify Exchange Traded | PairCorr |
| 0.73 | SGG | Barclays Capital | PairCorr |
| 0.72 | ACIO | Aptus Collared Income | PairCorr |
| 0.72 | ADME | Aptus Drawdown Managed | PairCorr |
The ability to find closely correlated positions to Core Alternative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Core Alternative 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 Core Alternative - 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 Core Alternative ETF to buy it.
The correlation of Core Alternative 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 Core Alternative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Core Alternative ETF 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 Core Alternative 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 Core Alternative Correlation, Core Alternative Volatility and Core Alternative Alpha and Beta module to complement your research on Core Alternative. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Core Alternative 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.