Clarkston Founders Etf Market Value
| CFMDX Etf | USD 16.79 0.06 0.36% |
| Symbol | Clarkston |
The market value of Clarkston Founders is measured differently than its book value, which is the value of Clarkston that is recorded on the company's balance sheet. Investors also form their own opinion of Clarkston Founders' value that differs from its market value or its book value, called intrinsic value, which is Clarkston Founders' 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 Clarkston Founders' market value can be influenced by many factors that don't directly affect Clarkston Founders' 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 Clarkston Founders' value and its price as these two are different measures arrived at by different means. Investors typically determine if Clarkston Founders is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clarkston Founders' 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.
Clarkston Founders '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 Clarkston Founders' 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 Clarkston Founders.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Clarkston Founders on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Clarkston Founders or generate 0.0% return on investment in Clarkston Founders over 720 days. Clarkston Founders is related to or competes with Clarkston Partners, Clarkston Founders, Clarkston Fund, and Clarkston Partners. Under normal circumstances, the fund invests primarily in U.S.-traded equity securities of medium-capitalization compani... More
Clarkston Founders 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 Clarkston Founders' 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 Clarkston Founders upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6296 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.4 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 1.0 |
Clarkston Founders Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clarkston Founders' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clarkston Founders' standard deviation. In reality, there are many statistical measures that can use Clarkston Founders historical prices to predict the future Clarkston Founders' volatility.| Risk Adjusted Performance | 0.1063 | |||
| Jensen Alpha | 0.0264 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.1964 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clarkston Founders' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Clarkston Founders Backtested Returns
At this stage we consider Clarkston Etf to be very steady. Clarkston Founders secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the etf had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Clarkston Founders, which you can use to evaluate the volatility of the entity. Please confirm Clarkston Founders' mean deviation of 0.4811, and Risk Adjusted Performance of 0.1063 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. The etf shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clarkston Founders' returns are expected to increase less than the market. However, during the bear market, the loss of holding Clarkston Founders is expected to be smaller as well.
Auto-correlation | -0.33 |
Poor reverse predictability
Clarkston Founders has poor reverse predictability. Overlapping area represents the amount of predictability between Clarkston Founders time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Clarkston Founders price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Clarkston Founders price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Clarkston Founders lagged returns against current returns
Autocorrelation, which is Clarkston Founders 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 Clarkston Founders' etf expected returns. We can calculate the autocorrelation of Clarkston Founders returns to help us make a trade decision. For example, suppose you find that Clarkston Founders 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 |
Clarkston Founders 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 Clarkston Founders etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clarkston Founders etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clarkston Founders etf over time.
Current vs Lagged Prices |
| Timeline |
Clarkston Founders Lagged Returns
When evaluating Clarkston Founders' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clarkston Founders etf have on its future price. Clarkston Founders 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, Clarkston Founders autocorrelation shows the relationship between Clarkston Founders etf current value and its past values and can show if there is a momentum factor associated with investing in Clarkston Founders.
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.Other Information on Investing in Clarkston Etf
Clarkston Founders financial ratios help investors to determine whether Clarkston Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Clarkston with respect to the benefits of owning Clarkston Founders security.