Advisorshares Restaurant Etf Market Value
| EATZ Etf | USD 28.18 0.25 0.88% |
| Symbol | AdvisorShares |
The market value of AdvisorShares Restaurant is measured differently than its book value, which is the value of AdvisorShares that is recorded on the company's balance sheet. Investors also form their own opinion of AdvisorShares Restaurant's value that differs from its market value or its book value, called intrinsic value, which is AdvisorShares Restaurant'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 AdvisorShares Restaurant's market value can be influenced by many factors that don't directly affect AdvisorShares Restaurant'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 AdvisorShares Restaurant's value and its price as these two are different measures arrived at by different means. Investors typically determine if AdvisorShares Restaurant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AdvisorShares Restaurant'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.
AdvisorShares Restaurant '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 AdvisorShares Restaurant'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 AdvisorShares Restaurant.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in AdvisorShares Restaurant on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding AdvisorShares Restaurant ETF or generate 0.0% return on investment in AdvisorShares Restaurant over 30 days. AdvisorShares Restaurant is related to or competes with AdvisorShares Hotel, Defiance Hotel, Invesco Dynamic, AdvisorShares Vice, and Direxion Daily. The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstan... More
AdvisorShares Restaurant 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 AdvisorShares Restaurant'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 AdvisorShares Restaurant ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0683 | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.81 |
AdvisorShares Restaurant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AdvisorShares Restaurant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AdvisorShares Restaurant's standard deviation. In reality, there are many statistical measures that can use AdvisorShares Restaurant historical prices to predict the future AdvisorShares Restaurant's volatility.| Risk Adjusted Performance | 0.0792 | |||
| Jensen Alpha | 0.0994 | |||
| Total Risk Alpha | 0.0706 | |||
| Sortino Ratio | 0.0714 | |||
| Treynor Ratio | 0.3663 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AdvisorShares Restaurant'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.
AdvisorShares Restaurant Backtested Returns
At this stage we consider AdvisorShares Etf to be very steady. AdvisorShares Restaurant secures Sharpe Ratio (or Efficiency) of 0.0903, which signifies that the etf had a 0.0903% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AdvisorShares Restaurant ETF, which you can use to evaluate the volatility of the entity. Please confirm AdvisorShares Restaurant's Downside Deviation of 1.16, risk adjusted performance of 0.0792, and Mean Deviation of 0.8665 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The etf shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AdvisorShares Restaurant's returns are expected to increase less than the market. However, during the bear market, the loss of holding AdvisorShares Restaurant is expected to be smaller as well.
Auto-correlation | 0.08 |
Virtually no predictability
AdvisorShares Restaurant ETF has virtually no predictability. Overlapping area represents the amount of predictability between AdvisorShares Restaurant time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 AdvisorShares Restaurant price movement. The serial correlation of 0.08 indicates that barely 8.0% of current AdvisorShares Restaurant price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
AdvisorShares Restaurant lagged returns against current returns
Autocorrelation, which is AdvisorShares Restaurant 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 AdvisorShares Restaurant's etf expected returns. We can calculate the autocorrelation of AdvisorShares Restaurant returns to help us make a trade decision. For example, suppose you find that AdvisorShares Restaurant 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 |
AdvisorShares Restaurant 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 AdvisorShares Restaurant etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AdvisorShares Restaurant etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AdvisorShares Restaurant etf over time.
Current vs Lagged Prices |
| Timeline |
AdvisorShares Restaurant Lagged Returns
When evaluating AdvisorShares Restaurant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AdvisorShares Restaurant etf have on its future price. AdvisorShares Restaurant 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, AdvisorShares Restaurant autocorrelation shows the relationship between AdvisorShares Restaurant etf current value and its past values and can show if there is a momentum factor associated with investing in AdvisorShares Restaurant ETF.
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 AdvisorShares Restaurant offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AdvisorShares Restaurant'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 Advisorshares Restaurant Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Advisorshares Restaurant Etf:Check out AdvisorShares Restaurant Correlation, AdvisorShares Restaurant Volatility and AdvisorShares Restaurant Alpha and Beta module to complement your research on AdvisorShares Restaurant. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
AdvisorShares Restaurant 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.