Trueshares Technology Ai Etf Market Value
| LRNZ Etf | USD 41.94 0.66 1.60% |
| Symbol | TrueShares |
The market value of TrueShares Technology 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 Technology's value that differs from its market value or its book value, called intrinsic value, which is TrueShares 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 TrueShares Technology's market value can be influenced by many factors that don't directly affect TrueShares 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 TrueShares Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueShares Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueShares 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.
TrueShares 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 TrueShares 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 TrueShares Technology.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in TrueShares Technology on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding TrueShares Technology AI or generate 0.0% return on investment in TrueShares Technology over 720 days. TrueShares Technology is related to or competes with Invesco DWA, Invesco Dynamic, SCOR PK, Morningstar Unconstrained, Thrivent High, Via Renewables, and Bondbloxx ETF. Under normal circumstances, at least 80 percent of its net assets in the common stock of technology, artificial intellig... More
TrueShares 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 TrueShares 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 TrueShares Technology AI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | 0.0703 | |||
| Maximum Drawdown | 7.67 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 2.79 |
TrueShares Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TrueShares Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TrueShares Technology's standard deviation. In reality, there are many statistical measures that can use TrueShares Technology historical prices to predict the future TrueShares Technology's volatility.| Risk Adjusted Performance | 0.0955 | |||
| Jensen Alpha | 0.0961 | |||
| Total Risk Alpha | 0.022 | |||
| Sortino Ratio | 0.0703 | |||
| Treynor Ratio | 0.1562 |
TrueShares Technology Backtested Returns
TrueShares Technology appears to be very steady, given 3 months investment horizon. TrueShares Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for TrueShares Technology AI, which you can use to evaluate the volatility of the etf. Please review TrueShares Technology's Coefficient Of Variation of 801.65, risk adjusted performance of 0.0955, and Semi Deviation of 1.3 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.19, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, TrueShares Technology will likely underperform.
Auto-correlation | 0.37 |
Below average predictability
TrueShares Technology AI has below average predictability. Overlapping area represents the amount of predictability between TrueShares Technology time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 Technology price movement. The serial correlation of 0.37 indicates that just about 37.0% of current TrueShares Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 3.62 |
TrueShares Technology lagged returns against current returns
Autocorrelation, which is TrueShares 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 TrueShares Technology's etf expected returns. We can calculate the autocorrelation of TrueShares Technology returns to help us make a trade decision. For example, suppose you find that TrueShares 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 |
TrueShares 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 TrueShares Technology etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TrueShares Technology etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TrueShares Technology etf over time.
Current vs Lagged Prices |
| Timeline |
TrueShares Technology Lagged Returns
When evaluating TrueShares Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TrueShares Technology etf have on its future price. TrueShares 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, TrueShares Technology autocorrelation shows the relationship between TrueShares Technology etf current value and its past values and can show if there is a momentum factor associated with investing in TrueShares Technology AI.
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 Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TrueShares Technology'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 Technology Ai Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Trueshares Technology Ai Etf:Check out TrueShares Technology Correlation, TrueShares Technology Volatility and TrueShares Technology Alpha and Beta module to complement your research on TrueShares Technology. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
TrueShares 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.