Stf Tactical Growth Etf Market Value
| TUGN Etf | USD 21.67 0.41 1.86% |
| 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.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in STF Tactical on December 14, 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 90 days. STF Tactical is related to or competes with First Trust, Global X, STF Tactical, and Virtus WMC. 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.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.54 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 1.57 |
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 | (0.10) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | 0.0475 | |||
| Treynor Ratio | (2.11) |
STF Tactical Growth Backtested Returns
STF Tactical Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the etf had a -0.13 % return per unit of volatility over the last 3 months. STF Tactical Growth exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STF Tactical's risk adjusted performance of (0.10), and Variance of 1.94 to confirm the risk estimate we provide. The entity has a beta of 0.0889, which indicates not very significant fluctuations relative to the market. 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 | -0.36 |
Poor reverse predictability
STF Tactical Growth has poor reverse predictability. Overlapping area represents the amount of predictability between STF Tactical time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 STF Tactical Growth price movement. The serial correlation of -0.36 indicates that just about 36.0% of current STF Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
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 |
Pair Trading with STF Tactical
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 STF Tactical 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 STF Tactical will appreciate offsetting losses from the drop in the long position's value.Moving together with STF Etf
Moving against STF Etf
| 0.98 | SDS | ProShares UltraShort Aggressive Push | PairCorr |
| 0.74 | SDD | ProShares UltraShort | PairCorr |
| 0.52 | BND | Vanguard Total Bond | PairCorr |
| 0.45 | NEAR | iShares Short Maturity | PairCorr |
| 0.31 | EURL | Direxion Daily FTSE | PairCorr |
The ability to find closely correlated positions to STF Tactical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STF Tactical 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 STF Tactical - 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 STF Tactical Growth to buy it.
The correlation of STF Tactical 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 STF Tactical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STF Tactical Growth 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 STF Tactical 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 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.