Siren Divcon Leaders Etf Market Value
| LEAD Etf | USD 67.41 0.37 0.55% |
| Symbol | Siren |
The market value of Siren DIVCON Leaders is measured differently than its book value, which is the value of Siren that is recorded on the company's balance sheet. Investors also form their own opinion of Siren DIVCON's value that differs from its market value or its book value, called intrinsic value, which is Siren DIVCON'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 Siren DIVCON's market value can be influenced by many factors that don't directly affect Siren DIVCON'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 Siren DIVCON's value and its price as these two are different measures arrived at by different means. Investors typically determine if Siren DIVCON is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Siren DIVCON'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.
Siren DIVCON '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 Siren DIVCON'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 Siren DIVCON.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Siren DIVCON on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Siren DIVCON Leaders or generate 0.0% return on investment in Siren DIVCON over 30 days. Siren DIVCON is related to or competes with SPDR SP, IShares Core, Vanguard Dividend, Vanguard Large, Invesco SP, IShares ESG, and Dimensional Core. Under normal circumstances, at least 80 percent of the funds net assets will be invested in component securities of the ... More
Siren DIVCON 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 Siren DIVCON'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 Siren DIVCON Leaders upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.99 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.13 |
Siren DIVCON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siren DIVCON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siren DIVCON's standard deviation. In reality, there are many statistical measures that can use Siren DIVCON historical prices to predict the future Siren DIVCON's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.04) |
Siren DIVCON Leaders Backtested Returns
Siren DIVCON Leaders owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0296, which indicates the etf had a -0.0296% return per unit of risk over the last 3 months. Siren DIVCON Leaders exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siren DIVCON's Risk Adjusted Performance of (0.02), variance of 0.6154, and Coefficient Of Variation of (3,472) to confirm the risk estimate we provide. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Siren DIVCON's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siren DIVCON is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Siren DIVCON Leaders has very good predictability. Overlapping area represents the amount of predictability between Siren DIVCON time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Siren DIVCON Leaders price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Siren DIVCON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Siren DIVCON Leaders lagged returns against current returns
Autocorrelation, which is Siren DIVCON 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 Siren DIVCON's etf expected returns. We can calculate the autocorrelation of Siren DIVCON returns to help us make a trade decision. For example, suppose you find that Siren DIVCON 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 |
Siren DIVCON 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 Siren DIVCON etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siren DIVCON etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Siren DIVCON etf over time.
Current vs Lagged Prices |
| Timeline |
Siren DIVCON Lagged Returns
When evaluating Siren DIVCON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siren DIVCON etf have on its future price. Siren DIVCON 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, Siren DIVCON autocorrelation shows the relationship between Siren DIVCON etf current value and its past values and can show if there is a momentum factor associated with investing in Siren DIVCON Leaders.
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 Siren DIVCON Leaders is a strong investment it is important to analyze Siren DIVCON'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 Siren DIVCON's future performance. For an informed investment choice regarding Siren Etf, refer to the following important reports:Check out Siren DIVCON Correlation, Siren DIVCON Volatility and Siren DIVCON Alpha and Beta module to complement your research on Siren DIVCON. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Siren DIVCON 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.