Kurv Technology Titans Etf Market Value
| KQQQ Etf | 27.36 0.15 0.55% |
| Symbol | Kurv |
The market value of Kurv Technology Titans is measured differently than its book value, which is the value of Kurv that is recorded on the company's balance sheet. Investors also form their own opinion of Kurv Technology's value that differs from its market value or its book value, called intrinsic value, which is Kurv Technology'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 Kurv Technology's market value can be influenced by many factors that don't directly affect Kurv Technology'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 Kurv Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kurv Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kurv Technology'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.
Kurv Technology '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 Kurv Technology'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 Kurv Technology.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Kurv Technology on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Kurv Technology Titans or generate 0.0% return on investment in Kurv Technology over 30 days. Kurv Technology is related to or competes with American Beacon, Columbia Emerging, Direxion Daily, Direxion Daily, Fidelity MSCI, MicroSectors Travel, and MicroSectors Travel. Kurv Technology is entity of United States More
Kurv Technology 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 Kurv Technology'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 Kurv Technology Titans upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.1341 | |||
| Maximum Drawdown | 5.78 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.09 |
Kurv Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kurv Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kurv Technology's standard deviation. In reality, there are many statistical measures that can use Kurv Technology historical prices to predict the future Kurv Technology's volatility.| Risk Adjusted Performance | 0.181 | |||
| Jensen Alpha | 0.1804 | |||
| Total Risk Alpha | 0.0873 | |||
| Sortino Ratio | 0.1288 | |||
| Treynor Ratio | 0.3612 |
Kurv Technology Titans Backtested Returns
Kurv Technology appears to be very steady, given 3 months investment horizon. Kurv Technology Titans has Sharpe Ratio of 0.19, which conveys that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kurv Technology, which you can use to evaluate the volatility of the etf. Please exercise Kurv Technology's Downside Deviation of 1.16, risk adjusted performance of 0.181, and Mean Deviation of 0.831 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of 0.73, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kurv Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kurv Technology is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
Kurv Technology Titans has good reverse predictability. Overlapping area represents the amount of predictability between Kurv Technology 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 Kurv Technology Titans price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Kurv Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Kurv Technology Titans lagged returns against current returns
Autocorrelation, which is Kurv Technology 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 Kurv Technology's etf expected returns. We can calculate the autocorrelation of Kurv Technology returns to help us make a trade decision. For example, suppose you find that Kurv Technology 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 |
Kurv Technology 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 Kurv Technology etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kurv Technology etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kurv Technology etf over time.
Current vs Lagged Prices |
| Timeline |
Kurv Technology Lagged Returns
When evaluating Kurv Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kurv Technology etf have on its future price. Kurv Technology 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, Kurv Technology autocorrelation shows the relationship between Kurv Technology etf current value and its past values and can show if there is a momentum factor associated with investing in Kurv Technology Titans.
Regressed Prices |
| Timeline |
Pair Trading with Kurv Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kurv Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kurv Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Kurv Etf
| 0.98 | VGT | Vanguard Information | PairCorr |
| 0.95 | XLK | Technology Select Sector | PairCorr |
| 0.98 | IYW | iShares Technology ETF | PairCorr |
Moving against Kurv Etf
| 0.9 | BITI | ProShares Trust Downward Rally | PairCorr |
| 0.77 | GREI | Goldman Sachs Future | PairCorr |
| 0.69 | HART | IQ Healthy Hearts | PairCorr |
| 0.34 | PRME | Prime Medicine, Common | PairCorr |
The ability to find closely correlated positions to Kurv Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kurv Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kurv Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kurv Technology Titans to buy it.
The correlation of Kurv Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kurv Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kurv Technology Titans moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kurv Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Kurv Technology Correlation, Kurv Technology Volatility and Kurv Technology Alpha and Beta module to complement your research on Kurv Technology. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Kurv Technology 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.