Doubleline Shiller Cape Etf Market Value
| DCPE Etf | USD 30.30 0.29 0.97% |
| Symbol | DoubleLine |
The market value of DoubleLine Shiller CAPE is measured differently than its book value, which is the value of DoubleLine that is recorded on the company's balance sheet. Investors also form their own opinion of DoubleLine Shiller's value that differs from its market value or its book value, called intrinsic value, which is DoubleLine Shiller'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 DoubleLine Shiller's market value can be influenced by many factors that don't directly affect DoubleLine Shiller'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 DoubleLine Shiller's value and its price as these two are different measures arrived at by different means. Investors typically determine if DoubleLine Shiller is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DoubleLine Shiller'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.
DoubleLine Shiller '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 DoubleLine Shiller'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 DoubleLine Shiller.
| 10/30/2023 |
| 12/23/2024 |
If you would invest 0.00 in DoubleLine Shiller on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding DoubleLine Shiller CAPE or generate 0.0% return on investment in DoubleLine Shiller over 420 days. DoubleLine Shiller is related to or competes with FT Vest, Zillow Group, Northern Lights, VanEck Vectors, Freedom Day, and SSGA Active. DoubleLine Shiller is entity of United States More
DoubleLine Shiller 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 DoubleLine Shiller'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 DoubleLine Shiller CAPE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7751 | |||
| Information Ratio | 0.0107 | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 0.9663 |
DoubleLine Shiller Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DoubleLine Shiller's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DoubleLine Shiller's standard deviation. In reality, there are many statistical measures that can use DoubleLine Shiller historical prices to predict the future DoubleLine Shiller's volatility.| Risk Adjusted Performance | 0.0417 | |||
| Jensen Alpha | 0.0129 | |||
| Total Risk Alpha | 0.0091 | |||
| Sortino Ratio | 0.0105 | |||
| Treynor Ratio | 0.0387 |
DoubleLine Shiller CAPE Backtested Returns
At this point, DoubleLine Shiller is out of control. DoubleLine Shiller CAPE secures Sharpe Ratio (or Efficiency) of 0.058, which denotes the etf had a 0.058% return per unit of risk over the last 3 months. We have found thirty technical indicators for DoubleLine Shiller CAPE, which you can use to evaluate the volatility of the entity. Please confirm DoubleLine Shiller's Coefficient Of Variation of 1877.05, mean deviation of 0.5634, and Downside Deviation of 0.7751 to check if the risk estimate we provide is consistent with the expected return of 0.0441%. The etf shows a Beta (market volatility) of 0.78, which means possible diversification benefits within a given portfolio. As returns on the market increase, DoubleLine Shiller's returns are expected to increase less than the market. However, during the bear market, the loss of holding DoubleLine Shiller is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
DoubleLine Shiller CAPE has good predictability. Overlapping area represents the amount of predictability between DoubleLine Shiller time series from 30th of October 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 DoubleLine Shiller CAPE price movement. The serial correlation of 0.7 indicates that around 70.0% of current DoubleLine Shiller price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 2.07 |
DoubleLine Shiller CAPE lagged returns against current returns
Autocorrelation, which is DoubleLine Shiller 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 DoubleLine Shiller's etf expected returns. We can calculate the autocorrelation of DoubleLine Shiller returns to help us make a trade decision. For example, suppose you find that DoubleLine Shiller 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 |
DoubleLine Shiller 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 DoubleLine Shiller etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DoubleLine Shiller etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DoubleLine Shiller etf over time.
Current vs Lagged Prices |
| Timeline |
DoubleLine Shiller Lagged Returns
When evaluating DoubleLine Shiller's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DoubleLine Shiller etf have on its future price. DoubleLine Shiller 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, DoubleLine Shiller autocorrelation shows the relationship between DoubleLine Shiller etf current value and its past values and can show if there is a momentum factor associated with investing in DoubleLine Shiller CAPE.
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.When determining whether DoubleLine Shiller CAPE is a strong investment it is important to analyze DoubleLine Shiller's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DoubleLine Shiller's future performance. For an informed investment choice regarding DoubleLine Etf, refer to the following important reports:Check out DoubleLine Shiller Correlation, DoubleLine Shiller Volatility and DoubleLine Shiller Alpha and Beta module to complement your research on DoubleLine Shiller. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
DoubleLine Shiller 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.