Atac Rotation Etf Market Value
| RORO Etf | USD 15.59 0.50 3.31% |
| Symbol | ATAC |
The market value of ATAC Rotation ETF is measured differently than its book value, which is the value of ATAC that is recorded on the company's balance sheet. Investors also form their own opinion of ATAC Rotation's value that differs from its market value or its book value, called intrinsic value, which is ATAC Rotation'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 ATAC Rotation's market value can be influenced by many factors that don't directly affect ATAC Rotation'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 ATAC Rotation's value and its price as these two are different measures arrived at by different means. Investors typically determine if ATAC Rotation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATAC Rotation'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.
ATAC Rotation '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 ATAC Rotation'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 ATAC Rotation.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in ATAC Rotation on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding ATAC Rotation ETF or generate 0.0% return on investment in ATAC Rotation over 90 days. ATAC Rotation is related to or competes with Tidal ETF, Atac Inflation, RPAR Risk, and Quadratic Interest. Under normal circumstances, at least 80 percent of the funds net assets, plus borrowings for investment purposes, will b... More
ATAC Rotation 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 ATAC Rotation'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 ATAC Rotation ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.84 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 1.83 |
ATAC Rotation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATAC Rotation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATAC Rotation's standard deviation. In reality, there are many statistical measures that can use ATAC Rotation historical prices to predict the future ATAC Rotation's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.24) |
ATAC Rotation ETF Backtested Returns
ATAC Rotation ETF retains Efficiency (Sharpe Ratio) of -0.13, which signifies that the etf had a -0.13 % return per unit of risk over the last 3 months. ATAC Rotation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ATAC Rotation's market risk adjusted performance of (0.23), and Variance of 1.93 to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 1.03, which signifies a somewhat significant risk relative to the market. ATAC Rotation returns are very sensitive to returns on the market. As the market goes up or down, ATAC Rotation is expected to follow.
Auto-correlation | 0.13 |
Insignificant predictability
ATAC Rotation ETF has insignificant predictability. Overlapping area represents the amount of predictability between ATAC Rotation time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 ATAC Rotation ETF price movement. The serial correlation of 0.13 indicates that less than 13.0% of current ATAC Rotation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
ATAC Rotation ETF lagged returns against current returns
Autocorrelation, which is ATAC Rotation 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 ATAC Rotation's etf expected returns. We can calculate the autocorrelation of ATAC Rotation returns to help us make a trade decision. For example, suppose you find that ATAC Rotation 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 |
ATAC Rotation 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 ATAC Rotation etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATAC Rotation etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATAC Rotation etf over time.
Current vs Lagged Prices |
| Timeline |
ATAC Rotation Lagged Returns
When evaluating ATAC Rotation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATAC Rotation etf have on its future price. ATAC Rotation 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, ATAC Rotation autocorrelation shows the relationship between ATAC Rotation etf current value and its past values and can show if there is a momentum factor associated with investing in ATAC Rotation ETF.
Regressed Prices |
| Timeline |
Pair Trading with ATAC Rotation
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ATAC Rotation position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ATAC Rotation will appreciate offsetting losses from the drop in the long position's value.Moving together with ATAC Etf
Moving against ATAC Etf
| 0.88 | SDD | ProShares UltraShort | PairCorr |
| 0.83 | SDS | ProShares UltraShort Aggressive Push | PairCorr |
| 0.74 | UNG | United States Natural | PairCorr |
| 0.6 | NEAR | iShares Short Maturity | PairCorr |
| 0.53 | IDOG | ALPS International Sector | PairCorr |
The ability to find closely correlated positions to ATAC Rotation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATAC Rotation when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ATAC Rotation - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ATAC Rotation ETF to buy it.
The correlation of ATAC Rotation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ATAC Rotation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATAC Rotation ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ATAC Rotation can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ATAC Rotation Correlation, ATAC Rotation Volatility and ATAC Rotation Alpha and Beta module to complement your research on ATAC Rotation. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
ATAC Rotation 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.