Running Oak Efficient Etf Market Value
| RUNN Etf | 32.16 0.55 1.74% |
| Symbol | Running |
The market value of Running Oak Efficient is measured differently than its book value, which is the value of Running that is recorded on the company's balance sheet. Investors also form their own opinion of Running Oak's value that differs from its market value or its book value, called intrinsic value, which is Running Oak'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 Running Oak's market value can be influenced by many factors that don't directly affect Running Oak'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 Running Oak's value and its price as these two are different measures arrived at by different means. Investors typically determine if Running Oak is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Running Oak'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.
Running Oak '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 Running Oak'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 Running Oak.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Running Oak on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Running Oak Efficient or generate 0.0% return on investment in Running Oak over 90 days. Running Oak is related to or competes with Invesco Actively, Harbor ETF, Harbor ETF, IShares Trust, Xtrackers MSCI, IShares MSCI, and IShares MSCI. Running Oak is entity of United States. It is traded as Etf on NASDAQ exchange. More
Running Oak 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 Running Oak'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 Running Oak Efficient upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.21 |
Running Oak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Running Oak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Running Oak's standard deviation. In reality, there are many statistical measures that can use Running Oak historical prices to predict the future Running Oak's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.16) |
Running Oak Efficient Backtested Returns
Running Oak Efficient maintains Sharpe Ratio (i.e., Efficiency) of -0.0963, which implies the entity had a -0.0963 % return per unit of risk over the last 3 months. Running Oak Efficient exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Running Oak's Coefficient Of Variation of (784.77), variance of 0.6922, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The etf holds a Beta of 0.71, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Running Oak's returns are expected to increase less than the market. However, during the bear market, the loss of holding Running Oak is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Running Oak Efficient has good reverse predictability. Overlapping area represents the amount of predictability between Running Oak time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Running Oak Efficient price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Running Oak price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Running Oak Efficient lagged returns against current returns
Autocorrelation, which is Running Oak 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 Running Oak's etf expected returns. We can calculate the autocorrelation of Running Oak returns to help us make a trade decision. For example, suppose you find that Running Oak 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 |
Running Oak 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 Running Oak etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Running Oak etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Running Oak etf over time.
Current vs Lagged Prices |
| Timeline |
Running Oak Lagged Returns
When evaluating Running Oak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Running Oak etf have on its future price. Running Oak 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, Running Oak autocorrelation shows the relationship between Running Oak etf current value and its past values and can show if there is a momentum factor associated with investing in Running Oak Efficient.
Regressed Prices |
| Timeline |
Pair Trading with Running Oak
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 Running Oak 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 Running Oak will appreciate offsetting losses from the drop in the long position's value.Moving together with Running Etf
| 0.96 | VO | Vanguard Mid Cap | PairCorr |
| 0.88 | VXF | Vanguard Extended Market | PairCorr |
| 0.91 | IJH | iShares Core SP | PairCorr |
| 0.95 | IWR | iShares Russell Mid | PairCorr |
| 0.91 | MDY | SPDR SP MIDCAP | PairCorr |
The ability to find closely correlated positions to Running Oak could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Running Oak 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 Running Oak - 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 Running Oak Efficient to buy it.
The correlation of Running Oak 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 Running Oak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Running Oak Efficient 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 Running Oak 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 Running Oak Correlation, Running Oak Volatility and Running Oak Alpha and Beta module to complement your research on Running Oak. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Running Oak 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.