Sgi Dynamic Tactical Etf Market Value
| DYTA Etf | 31.96 0.22 0.69% |
| Symbol | SGI |
The market value of SGI Dynamic Tactical is measured differently than its book value, which is the value of SGI that is recorded on the company's balance sheet. Investors also form their own opinion of SGI Dynamic's value that differs from its market value or its book value, called intrinsic value, which is SGI Dynamic'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 SGI Dynamic's market value can be influenced by many factors that don't directly affect SGI Dynamic'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 SGI Dynamic's value and its price as these two are different measures arrived at by different means. Investors typically determine if SGI Dynamic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SGI Dynamic'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.
SGI Dynamic '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 SGI Dynamic'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 SGI Dynamic.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in SGI Dynamic on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding SGI Dynamic Tactical or generate 0.0% return on investment in SGI Dynamic over 30 days. SGI Dynamic is related to or competes with VanEck Robotics, US Treasury, BrandywineGLOBAL, Pacer Large, and Sprott Nickel. SGI Dynamic is entity of United States. It is traded as Etf on NASDAQ exchange. More
SGI Dynamic 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 SGI Dynamic'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 SGI Dynamic Tactical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6551 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.69 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.01 |
SGI Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SGI Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SGI Dynamic's standard deviation. In reality, there are many statistical measures that can use SGI Dynamic historical prices to predict the future SGI Dynamic's volatility.| Risk Adjusted Performance | 0.1057 | |||
| Jensen Alpha | 0.0057 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1228 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SGI Dynamic's 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.
SGI Dynamic Tactical Backtested Returns
At this point, SGI Dynamic is very steady. SGI Dynamic Tactical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the etf had a 0.12% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SGI Dynamic Tactical, which you can use to evaluate the volatility of the etf. Please validate SGI Dynamic's risk adjusted performance of 0.1057, and Coefficient Of Variation of 674.26 to confirm if the risk estimate we provide is consistent with the expected return of 0.0746%. The entity has a beta of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SGI Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding SGI Dynamic is expected to be smaller as well.
Auto-correlation | -0.61 |
Very good reverse predictability
SGI Dynamic Tactical has very good reverse predictability. Overlapping area represents the amount of predictability between SGI Dynamic time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 SGI Dynamic Tactical price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current SGI Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
SGI Dynamic Tactical lagged returns against current returns
Autocorrelation, which is SGI Dynamic 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 SGI Dynamic's etf expected returns. We can calculate the autocorrelation of SGI Dynamic returns to help us make a trade decision. For example, suppose you find that SGI Dynamic 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 |
SGI Dynamic 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 SGI Dynamic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SGI Dynamic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SGI Dynamic etf over time.
Current vs Lagged Prices |
| Timeline |
SGI Dynamic Lagged Returns
When evaluating SGI Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SGI Dynamic etf have on its future price. SGI Dynamic 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, SGI Dynamic autocorrelation shows the relationship between SGI Dynamic etf current value and its past values and can show if there is a momentum factor associated with investing in SGI Dynamic Tactical.
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 SGI Dynamic Tactical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SGI Dynamic's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sgi Dynamic Tactical Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Sgi Dynamic Tactical Etf:Check out SGI Dynamic Correlation, SGI Dynamic Volatility and SGI Dynamic Alpha and Beta module to complement your research on SGI Dynamic. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
SGI Dynamic 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.