Madison Etfs Trust Etf Market Value
| DIVL Etf | 21.28 0.13 0.61% |
| Symbol | Madison |
The market value of Madison ETFs Trust is measured differently than its book value, which is the value of Madison that is recorded on the company's balance sheet. Investors also form their own opinion of Madison ETFs' value that differs from its market value or its book value, called intrinsic value, which is Madison ETFs' 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 Madison ETFs' market value can be influenced by many factors that don't directly affect Madison ETFs' 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 Madison ETFs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Madison ETFs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Madison ETFs' 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.
Madison ETFs '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 Madison ETFs' 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 Madison ETFs.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Madison ETFs on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Madison ETFs Trust or generate 0.0% return on investment in Madison ETFs over 30 days. Madison ETFs is related to or competes with Franklin Templeton, Altrius Global, Invesco Exchange, Franklin International, Amplify CWP, and Advisors Inner. More
Madison ETFs 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 Madison ETFs' 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 Madison ETFs Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.62 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 1.12 |
Madison ETFs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Madison ETFs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Madison ETFs' standard deviation. In reality, there are many statistical measures that can use Madison ETFs historical prices to predict the future Madison ETFs' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Madison ETFs' 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.
Madison ETFs Trust Backtested Returns
Madison ETFs Trust has Sharpe Ratio of -0.0508, which conveys that the entity had a -0.0508% return per unit of risk over the last 3 months. Madison ETFs exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Madison ETFs' Risk Adjusted Performance of (0.04), standard deviation of 0.7147, and Mean Deviation of 0.5234 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Madison ETFs' returns are expected to increase less than the market. However, during the bear market, the loss of holding Madison ETFs is expected to be smaller as well.
Auto-correlation | 0.46 |
Average predictability
Madison ETFs Trust has average predictability. Overlapping area represents the amount of predictability between Madison ETFs time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 Madison ETFs Trust price movement. The serial correlation of 0.46 indicates that about 46.0% of current Madison ETFs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Madison ETFs Trust lagged returns against current returns
Autocorrelation, which is Madison ETFs 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 Madison ETFs' etf expected returns. We can calculate the autocorrelation of Madison ETFs returns to help us make a trade decision. For example, suppose you find that Madison ETFs 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 |
Madison ETFs 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 Madison ETFs etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Madison ETFs etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Madison ETFs etf over time.
Current vs Lagged Prices |
| Timeline |
Madison ETFs Lagged Returns
When evaluating Madison ETFs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Madison ETFs etf have on its future price. Madison ETFs 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, Madison ETFs autocorrelation shows the relationship between Madison ETFs etf current value and its past values and can show if there is a momentum factor associated with investing in Madison ETFs Trust.
Regressed Prices |
| Timeline |
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Madison ETFs 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.