Tuttle Capital Short Etf Market Value
| SARK Etf | USD 50.22 32.90 189.95% |
| Symbol | Tuttle |
The market value of Tuttle Capital Short is measured differently than its book value, which is the value of Tuttle that is recorded on the company's balance sheet. Investors also form their own opinion of Tuttle Capital's value that differs from its market value or its book value, called intrinsic value, which is Tuttle 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 Tuttle Capital's market value can be influenced by many factors that don't directly affect Tuttle 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 Tuttle Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tuttle Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tuttle 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.
Tuttle 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 Tuttle 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 Tuttle Capital.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Tuttle Capital on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tuttle Capital Short or generate 0.0% return on investment in Tuttle Capital over 90 days. Tuttle Capital is related to or competes with AXS TSLA, ProShares Trust, and ProShares UltraShort. The fund is an actively managed ETF that the advisor attempts to achieve the inverse of the return of the ARK Innovation... More
Tuttle 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 Tuttle 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 Tuttle Capital Short upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 26.17 | |||
| Value At Risk | (6.39) | |||
| Potential Upside | 7.28 |
Tuttle Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tuttle Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tuttle Capital's standard deviation. In reality, there are many statistical measures that can use Tuttle Capital historical prices to predict the future Tuttle Capital's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (1.38) | |||
| Treynor Ratio | 0.1573 |
Tuttle Capital Short Backtested Returns
Tuttle Capital is slightly risky given 3 months investment horizon. Tuttle Capital Short owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0926, which indicates the etf had a 0.0926% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 2.27% are justified by taking the suggested risk. Use Tuttle Capital Short Variance of 20.78, coefficient of variation of (698.80), and Risk Adjusted Performance of (0.10) to evaluate company specific risk that cannot be diversified away. The entity has a beta of -4.21, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Tuttle Capital are expected to decrease by larger amounts. On the other hand, during market turmoil, Tuttle Capital is expected to outperform it.
Auto-correlation | 0.54 |
Modest predictability
Tuttle Capital Short has modest predictability. Overlapping area represents the amount of predictability between Tuttle Capital time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th of November 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 Tuttle Capital Short price movement. The serial correlation of 0.54 indicates that about 54.0% of current Tuttle Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 15.59 |
Tuttle Capital Short lagged returns against current returns
Autocorrelation, which is Tuttle 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 Tuttle Capital's etf expected returns. We can calculate the autocorrelation of Tuttle Capital returns to help us make a trade decision. For example, suppose you find that Tuttle 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 |
Tuttle 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 Tuttle Capital etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tuttle Capital etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tuttle Capital etf over time.
Current vs Lagged Prices |
| Timeline |
Tuttle Capital Lagged Returns
When evaluating Tuttle Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tuttle Capital etf have on its future price. Tuttle 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, Tuttle Capital autocorrelation shows the relationship between Tuttle Capital etf current value and its past values and can show if there is a momentum factor associated with investing in Tuttle Capital Short.
Regressed Prices |
| Timeline |
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Tuttle 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.