Trueshares Active Yield Etf Market Value
| ERNZ Etf | 25.08 0.01 0.04% |
| Symbol | TrueShares |
The market value of TrueShares Active Yield is measured differently than its book value, which is the value of TrueShares that is recorded on the company's balance sheet. Investors also form their own opinion of TrueShares Active's value that differs from its market value or its book value, called intrinsic value, which is TrueShares Active'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 TrueShares Active's market value can be influenced by many factors that don't directly affect TrueShares Active'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 TrueShares Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueShares Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueShares Active'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.
TrueShares Active '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 TrueShares Active'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 TrueShares Active.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in TrueShares Active on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding TrueShares Active Yield or generate 0.0% return on investment in TrueShares Active over 720 days. TrueShares Active is related to or competes with Inspire Tactical, Eaton Vance, JPMorgan Chase, Walmart, Verizon Communications, ATT, and GE Aerospace. TrueShares Active is entity of United States More
TrueShares Active 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 TrueShares Active'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 TrueShares Active Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5633 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.83 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.9237 |
TrueShares Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TrueShares Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TrueShares Active's standard deviation. In reality, there are many statistical measures that can use TrueShares Active historical prices to predict the future TrueShares Active's volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0414 |
TrueShares Active Yield Backtested Returns
At this stage we consider TrueShares Etf to be very steady. TrueShares Active Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0946, which indicates the etf had a 0.0946% return per unit of risk over the last 3 months. We have found thirty technical indicators for TrueShares Active Yield, which you can use to evaluate the volatility of the etf. Please validate TrueShares Active's Coefficient Of Variation of 1760.12, risk adjusted performance of 0.0401, and Semi Deviation of 0.5224 to confirm if the risk estimate we provide is consistent with the expected return of 0.0535%. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TrueShares Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding TrueShares Active is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
TrueShares Active Yield has no correlation between past and present. Overlapping area represents the amount of predictability between TrueShares Active time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 TrueShares Active Yield price movement. The serial correlation of 0.0 indicates that just 0.0% of current TrueShares Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TrueShares Active Yield lagged returns against current returns
Autocorrelation, which is TrueShares Active 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 TrueShares Active's etf expected returns. We can calculate the autocorrelation of TrueShares Active returns to help us make a trade decision. For example, suppose you find that TrueShares Active 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 |
TrueShares Active 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 TrueShares Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TrueShares Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TrueShares Active etf over time.
Current vs Lagged Prices |
| Timeline |
TrueShares Active Lagged Returns
When evaluating TrueShares Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TrueShares Active etf have on its future price. TrueShares Active 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, TrueShares Active autocorrelation shows the relationship between TrueShares Active etf current value and its past values and can show if there is a momentum factor associated with investing in TrueShares Active Yield.
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 TrueShares Active Yield offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TrueShares Active'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 Trueshares Active Yield Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Trueshares Active Yield Etf:Check out TrueShares Active Correlation, TrueShares Active Volatility and TrueShares Active Alpha and Beta module to complement your research on TrueShares Active. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
TrueShares Active 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.