Fundamental Income Net Etf Market Value
| NETL Etf | USD 24.94 0.04 0.16% |
| Symbol | Fundamental |
The market value of Fundamental Income Net is measured differently than its book value, which is the value of Fundamental that is recorded on the company's balance sheet. Investors also form their own opinion of Fundamental Income's value that differs from its market value or its book value, called intrinsic value, which is Fundamental Income'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 Fundamental Income's market value can be influenced by many factors that don't directly affect Fundamental Income'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 Fundamental Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fundamental Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fundamental Income'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.
Fundamental Income '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 Fundamental Income'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 Fundamental Income.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Fundamental Income on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Fundamental Income Net or generate 0.0% return on investment in Fundamental Income over 180 days. Fundamental Income is related to or competes with Innovid Corp, First Trust, Silicon Laboratories, XORTX Therapeutics, and Power Integrations. -listed equity securities of companies that derive at least 85 percent of their earnings or revenues from real estate op... More
Fundamental Income 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 Fundamental Income'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 Fundamental Income Net upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.74 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.31 |
Fundamental Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fundamental Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fundamental Income's standard deviation. In reality, there are many statistical measures that can use Fundamental Income historical prices to predict the future Fundamental Income's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fundamental Income'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.
Fundamental Income Net Backtested Returns
Fundamental Income Net secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the etf had a -0.17% return per unit of risk over the last 3 months. Fundamental Income Net exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fundamental Income's Mean Deviation of 0.6388, standard deviation of 0.8035, and Variance of 0.6456 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, Fundamental Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fundamental Income is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Fundamental Income Net has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fundamental Income time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Fundamental Income Net price movement. The serial correlation of -0.74 indicates that around 74.0% of current Fundamental Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Fundamental Income Net lagged returns against current returns
Autocorrelation, which is Fundamental Income 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 Fundamental Income's etf expected returns. We can calculate the autocorrelation of Fundamental Income returns to help us make a trade decision. For example, suppose you find that Fundamental Income 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 |
Fundamental Income 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 Fundamental Income etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fundamental Income etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fundamental Income etf over time.
Current vs Lagged Prices |
| Timeline |
Fundamental Income Lagged Returns
When evaluating Fundamental Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fundamental Income etf have on its future price. Fundamental Income 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, Fundamental Income autocorrelation shows the relationship between Fundamental Income etf current value and its past values and can show if there is a momentum factor associated with investing in Fundamental Income Net.
Regressed Prices |
| Timeline |
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Fundamental Income 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.