Stf Tactical Growth Etf Market Value
| TUG Etf | USD 36.35 0.25 0.69% |
| Symbol | STF |
The market value of STF Tactical Growth is measured differently than its book value, which is the value of STF that is recorded on the company's balance sheet. Investors also form their own opinion of STF Tactical's value that differs from its market value or its book value, called intrinsic value, which is STF Tactical'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 STF Tactical's market value can be influenced by many factors that don't directly affect STF Tactical'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 STF Tactical's value and its price as these two are different measures arrived at by different means. Investors typically determine if STF Tactical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STF Tactical'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.
STF Tactical '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 STF Tactical'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 STF Tactical.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in STF Tactical on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding STF Tactical Growth or generate 0.0% return on investment in STF Tactical over 30 days. STF Tactical is related to or competes with Kirby, and Alexander Baldwin. The fund is an actively-managed ETF that seeks to achieve its investment objective by allocating its investments among a... More
STF Tactical 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 STF Tactical'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 STF Tactical Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9431 | |||
| Information Ratio | 0.0777 | |||
| Maximum Drawdown | 5.55 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.5 |
STF Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STF Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STF Tactical's standard deviation. In reality, there are many statistical measures that can use STF Tactical historical prices to predict the future STF Tactical's volatility.| Risk Adjusted Performance | 0.1344 | |||
| Jensen Alpha | 0.0923 | |||
| Total Risk Alpha | 0.0454 | |||
| Sortino Ratio | 0.0792 | |||
| Treynor Ratio | 0.2048 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of STF Tactical'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.
STF Tactical Growth Backtested Returns
At this point, STF Tactical is very steady. STF Tactical Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the etf had a 0.19% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for STF Tactical Growth, which you can use to evaluate the volatility of the etf. Please validate STF Tactical's risk adjusted performance of 0.1344, and Coefficient Of Variation of 549.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The entity has a beta of 0.8, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, STF Tactical's returns are expected to increase less than the market. However, during the bear market, the loss of holding STF Tactical is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
STF Tactical Growth has good predictability. Overlapping area represents the amount of predictability between STF Tactical time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 STF Tactical Growth price movement. The serial correlation of 0.68 indicates that around 68.0% of current STF Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
STF Tactical Growth lagged returns against current returns
Autocorrelation, which is STF Tactical 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 STF Tactical's etf expected returns. We can calculate the autocorrelation of STF Tactical returns to help us make a trade decision. For example, suppose you find that STF Tactical 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 |
STF Tactical 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 STF Tactical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STF Tactical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STF Tactical etf over time.
Current vs Lagged Prices |
| Timeline |
STF Tactical Lagged Returns
When evaluating STF Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STF Tactical etf have on its future price. STF Tactical 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, STF Tactical autocorrelation shows the relationship between STF Tactical etf current value and its past values and can show if there is a momentum factor associated with investing in STF Tactical Growth.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether STF Tactical Growth offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of STF Tactical'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 Stf Tactical Growth Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Stf Tactical Growth Etf:Check out STF Tactical Correlation, STF Tactical Volatility and STF Tactical Alpha and Beta module to complement your research on STF Tactical. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
STF Tactical 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.