Texas Capital Funds Etf Market Value
| MMKT Etf | 100.20 0.06 0.06% |
| Symbol | Texas |
The market value of Texas Capital Funds is measured differently than its book value, which is the value of Texas that is recorded on the company's balance sheet. Investors also form their own opinion of Texas Capital's value that differs from its market value or its book value, called intrinsic value, which is Texas 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 Texas Capital's market value can be influenced by many factors that don't directly affect Texas 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 Texas Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas 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.
Texas 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 Texas 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 Texas Capital.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Texas Capital on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Texas Capital Funds or generate 0.0% return on investment in Texas Capital over 90 days. Texas Capital is related to or competes with US Treasury, Tidal Trust, Franklin Liberty, and SPDR Bloomberg. Texas Capital is entity of United States More
Texas 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 Texas 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 Texas Capital Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 7.52 | |||
| Maximum Drawdown | 0.1498 | |||
| Value At Risk | (0.01) | |||
| Potential Upside | 0.0401 |
Texas Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Texas Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Texas Capital's standard deviation. In reality, there are many statistical measures that can use Texas Capital historical prices to predict the future Texas Capital's volatility.| Risk Adjusted Performance | 0.2399 | |||
| Total Risk Alpha | 0.0086 |
Texas Capital Funds Backtested Returns
Currently, Texas Capital Funds is very steady. Texas Capital Funds owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.6, which indicates the etf had a 0.6 % return per unit of risk over the last 3 months. We have found nineteen technical indicators for Texas Capital Funds, which you can use to evaluate the volatility of the etf. Please validate Texas Capital's Standard Deviation of 0.0196, risk adjusted performance of 0.2399, and Information Ratio of 7.52 to confirm if the risk estimate we provide is consistent with the expected return of 0.0135%. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Texas Capital are completely uncorrelated.
Auto-correlation | 0.97 |
Excellent predictability
Texas Capital Funds has excellent predictability. Overlapping area represents the amount of predictability between Texas Capital time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Texas Capital Funds price movement. The serial correlation of 0.97 indicates that 97.0% of current Texas Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.97 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Texas Capital Funds lagged returns against current returns
Autocorrelation, which is Texas 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 Texas Capital's etf expected returns. We can calculate the autocorrelation of Texas Capital returns to help us make a trade decision. For example, suppose you find that Texas 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 |
Texas 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 Texas Capital etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Texas Capital etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Texas Capital etf over time.
Current vs Lagged Prices |
| Timeline |
Texas Capital Lagged Returns
When evaluating Texas Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Texas Capital etf have on its future price. Texas 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, Texas Capital autocorrelation shows the relationship between Texas Capital etf current value and its past values and can show if there is a momentum factor associated with investing in Texas Capital Funds.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Texas Capital Correlation, Texas Capital Volatility and Texas Capital Alpha and Beta module to complement your research on Texas Capital. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Texas 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.