Sterling Capital Focus Etf Market Value
| LCG Etf | USD 31.40 0.23 0.74% |
| Symbol | Sterling |
The market value of Sterling Capital Focus is measured differently than its book value, which is the value of Sterling that is recorded on the company's balance sheet. Investors also form their own opinion of Sterling Capital's value that differs from its market value or its book value, called intrinsic value, which is Sterling Capital'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 Sterling Capital's market value can be influenced by many factors that don't directly affect Sterling Capital'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 Sterling Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sterling Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sterling Capital'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.
Sterling Capital '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 Sterling Capital'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 Sterling Capital.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Sterling Capital on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Sterling Capital Focus or generate 0.0% return on investment in Sterling Capital over 180 days. Sterling Capital is related to or competes with Vanguard Growth, IShares Russell, IShares SP, IShares Core, Vanguard Russell, Vanguard Mega, and Vanguard Russell. The fund is an actively managed exchange traded fund More
Sterling Capital 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 Sterling Capital'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 Sterling Capital Focus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.0441 | |||
| Maximum Drawdown | 6.09 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.82 |
Sterling Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sterling Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sterling Capital's standard deviation. In reality, there are many statistical measures that can use Sterling Capital historical prices to predict the future Sterling Capital's volatility.| Risk Adjusted Performance | 0.1272 | |||
| Jensen Alpha | 0.0431 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0408 | |||
| Treynor Ratio | 0.168 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sterling Capital'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.
Sterling Capital Focus Backtested Returns
Sterling Capital appears to be very steady, given 3 months investment horizon. Sterling Capital Focus owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sterling Capital Focus, which you can use to evaluate the volatility of the etf. Please review Sterling Capital's Risk Adjusted Performance of 0.1272, coefficient of variation of 617.97, and Semi Deviation of 1.05 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.07, which indicates a somewhat significant risk relative to the market. Sterling Capital returns are very sensitive to returns on the market. As the market goes up or down, Sterling Capital is expected to follow.
Auto-correlation | 0.50 |
Modest predictability
Sterling Capital Focus has modest predictability. Overlapping area represents the amount of predictability between Sterling Capital time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Sterling Capital Focus price movement. The serial correlation of 0.5 indicates that about 50.0% of current Sterling Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Sterling Capital Focus lagged returns against current returns
Autocorrelation, which is Sterling Capital 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 Sterling Capital's etf expected returns. We can calculate the autocorrelation of Sterling Capital returns to help us make a trade decision. For example, suppose you find that Sterling Capital 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 |
Sterling Capital 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 Sterling Capital etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sterling Capital etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sterling Capital etf over time.
Current vs Lagged Prices |
| Timeline |
Sterling Capital Lagged Returns
When evaluating Sterling Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sterling Capital etf have on its future price. Sterling Capital 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, Sterling Capital autocorrelation shows the relationship between Sterling Capital etf current value and its past values and can show if there is a momentum factor associated with investing in Sterling Capital Focus.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Sterling Capital Focus is a strong investment it is important to analyze Sterling Capital's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sterling Capital's future performance. For an informed investment choice regarding Sterling Etf, refer to the following important reports:Check out Sterling Capital Correlation, Sterling Capital Volatility and Sterling Capital Alpha and Beta module to complement your research on Sterling Capital. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Sterling Capital 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.