Cabana Target Drawdown Etf Market Value
| TDSC Etf | USD 26.01 0.09 0.35% |
| Symbol | Cabana |
The market value of Cabana Target Drawdown is measured differently than its book value, which is the value of Cabana that is recorded on the company's balance sheet. Investors also form their own opinion of Cabana Target's value that differs from its market value or its book value, called intrinsic value, which is Cabana Target'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 Cabana Target's market value can be influenced by many factors that don't directly affect Cabana Target'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 Cabana Target's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cabana Target is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cabana Target'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.
Cabana Target '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 Cabana Target'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 Cabana Target.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Cabana Target on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Cabana Target Drawdown or generate 0.0% return on investment in Cabana Target over 30 days. Cabana Target is related to or competes with Global X, TransAct Technologies, 1st Source, and Stellar Bancorp,. The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective with limited volatil... More
Cabana Target 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 Cabana Target'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 Cabana Target Drawdown upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5756 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.13 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.8642 |
Cabana Target Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cabana Target's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cabana Target's standard deviation. In reality, there are many statistical measures that can use Cabana Target historical prices to predict the future Cabana Target's volatility.| Risk Adjusted Performance | 0.0915 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0999 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cabana Target'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.
Cabana Target Drawdown Backtested Returns
At this point, Cabana Target is very steady. Cabana Target Drawdown secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the etf had a 0.16% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Cabana Target Drawdown, which you can use to evaluate the volatility of the entity. Please confirm Cabana Target's mean deviation of 0.4156, and Risk Adjusted Performance of 0.0915 to double-check if the risk estimate we provide is consistent with the expected return of 0.0801%. The etf shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cabana Target's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cabana Target is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
Cabana Target Drawdown has excellent predictability. Overlapping area represents the amount of predictability between Cabana Target time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Cabana Target Drawdown price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Cabana Target price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Cabana Target Drawdown lagged returns against current returns
Autocorrelation, which is Cabana Target 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 Cabana Target's etf expected returns. We can calculate the autocorrelation of Cabana Target returns to help us make a trade decision. For example, suppose you find that Cabana Target 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 |
Cabana Target 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 Cabana Target etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cabana Target etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cabana Target etf over time.
Current vs Lagged Prices |
| Timeline |
Cabana Target Lagged Returns
When evaluating Cabana Target's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cabana Target etf have on its future price. Cabana Target 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, Cabana Target autocorrelation shows the relationship between Cabana Target etf current value and its past values and can show if there is a momentum factor associated with investing in Cabana Target Drawdown.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Cabana Target Drawdown offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cabana Target's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cabana Target Drawdown Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Cabana Target Drawdown Etf:Check out Cabana Target Correlation, Cabana Target Volatility and Cabana Target Alpha and Beta module to complement your research on Cabana Target. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Cabana Target 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.