Leadersharestm Alphafactor Core Etf Market Value
| LSAF Etf | USD 41.51 0.34 0.83% |
| Symbol | LeaderSharesTM |
The market value of LeaderSharesTM AlphaFactor is measured differently than its book value, which is the value of LeaderSharesTM that is recorded on the company's balance sheet. Investors also form their own opinion of LeaderSharesTM AlphaFactor's value that differs from its market value or its book value, called intrinsic value, which is LeaderSharesTM AlphaFactor'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 LeaderSharesTM AlphaFactor's market value can be influenced by many factors that don't directly affect LeaderSharesTM AlphaFactor'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 LeaderSharesTM AlphaFactor's value and its price as these two are different measures arrived at by different means. Investors typically determine if LeaderSharesTM AlphaFactor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LeaderSharesTM AlphaFactor'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.
LeaderSharesTM AlphaFactor '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 LeaderSharesTM AlphaFactor'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 LeaderSharesTM AlphaFactor.
| 01/01/2025 |
| 03/02/2025 |
If you would invest 0.00 in LeaderSharesTM AlphaFactor on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding LeaderSharesTM AlphaFactor Core or generate 0.0% return on investment in LeaderSharesTM AlphaFactor over 60 days. LeaderSharesTM AlphaFactor is related to or competes with Two Roads, Alpha Architect, Xtrackers Russell, Two Roads, and Janus Henderson. Under normal circumstances, at least 80 percent of the funds net assets, including any borrowings for investment purpose... More
LeaderSharesTM AlphaFactor 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 LeaderSharesTM AlphaFactor'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 LeaderSharesTM AlphaFactor Core upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.28 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.21 |
LeaderSharesTM AlphaFactor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LeaderSharesTM AlphaFactor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LeaderSharesTM AlphaFactor's standard deviation. In reality, there are many statistical measures that can use LeaderSharesTM AlphaFactor historical prices to predict the future LeaderSharesTM AlphaFactor's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.09) |
LeaderSharesTM AlphaFactor Backtested Returns
LeaderSharesTM AlphaFactor has Sharpe Ratio of -0.1, which conveys that the entity had a -0.1 % return per unit of risk over the last 3 months. LeaderSharesTM AlphaFactor exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LeaderSharesTM AlphaFactor's Mean Deviation of 0.6037, standard deviation of 0.8061, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.67, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LeaderSharesTM AlphaFactor's returns are expected to increase less than the market. However, during the bear market, the loss of holding LeaderSharesTM AlphaFactor is expected to be smaller as well.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
LeaderSharesTM AlphaFactor Core has almost perfect reverse predictability. Overlapping area represents the amount of predictability between LeaderSharesTM AlphaFactor time series from 1st of January 2025 to 31st of January 2025 and 31st of January 2025 to 2nd of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of LeaderSharesTM AlphaFactor price movement. The serial correlation of -0.79 indicates that around 79.0% of current LeaderSharesTM AlphaFactor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
LeaderSharesTM AlphaFactor lagged returns against current returns
Autocorrelation, which is LeaderSharesTM AlphaFactor 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 LeaderSharesTM AlphaFactor's etf expected returns. We can calculate the autocorrelation of LeaderSharesTM AlphaFactor returns to help us make a trade decision. For example, suppose you find that LeaderSharesTM AlphaFactor 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 |
LeaderSharesTM AlphaFactor 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 LeaderSharesTM AlphaFactor etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LeaderSharesTM AlphaFactor etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LeaderSharesTM AlphaFactor etf over time.
Current vs Lagged Prices |
| Timeline |
LeaderSharesTM AlphaFactor Lagged Returns
When evaluating LeaderSharesTM AlphaFactor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LeaderSharesTM AlphaFactor etf have on its future price. LeaderSharesTM AlphaFactor 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, LeaderSharesTM AlphaFactor autocorrelation shows the relationship between LeaderSharesTM AlphaFactor etf current value and its past values and can show if there is a momentum factor associated with investing in LeaderSharesTM AlphaFactor Core.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether LeaderSharesTM AlphaFactor is a strong investment it is important to analyze LeaderSharesTM AlphaFactor'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 LeaderSharesTM AlphaFactor's future performance. For an informed investment choice regarding LeaderSharesTM Etf, refer to the following important reports:Check out LeaderSharesTM AlphaFactor Correlation, LeaderSharesTM AlphaFactor Volatility and LeaderSharesTM AlphaFactor Alpha and Beta module to complement your research on LeaderSharesTM AlphaFactor. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
LeaderSharesTM AlphaFactor 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.