Principal Active Global Etf Market Value
| GDVD Etf | USD 23.71 0.05 0.21% |
| Symbol | Principal |
The market value of Principal Active Global is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Active's value that differs from its market value or its book value, called intrinsic value, which is Principal Active'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 Principal Active's market value can be influenced by many factors that don't directly affect Principal Active'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 Principal Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Active'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.
Principal Active '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 Principal Active'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 Principal Active.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Principal Active on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Principal Active Global or generate 0.0% return on investment in Principal Active over 30 days. Principal Active is related to or competes with FlexShares International, IQ 50, FlexShares International, Goldman Sachs, and WisdomTree International. The fund is an actively managed ETF that, under normal circumstances, invests at least 80 percent of its net assets, plu... More
Principal Active 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 Principal Active'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 Principal Active Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7116 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.97 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.09 |
Principal Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Active's standard deviation. In reality, there are many statistical measures that can use Principal Active historical prices to predict the future Principal Active's volatility.| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0514 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Active'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.
Principal Active Global Backtested Returns
We consider Principal Active very steady. Principal Active Global maintains Sharpe Ratio (i.e., Efficiency) of 0.0681, which implies the entity had a 0.0681% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Principal Active Global, which you can use to evaluate the volatility of the etf. Please check Principal Active's Risk Adjusted Performance of 0.0563, semi deviation of 0.5937, and Coefficient Of Variation of 1110.28 to confirm if the risk estimate we provide is consistent with the expected return of 0.0441%. The etf holds a Beta of 0.92, which implies possible diversification benefits within a given portfolio. Principal Active returns are very sensitive to returns on the market. As the market goes up or down, Principal Active is expected to follow.
Auto-correlation | 0.02 |
Virtually no predictability
Principal Active Global has virtually no predictability. Overlapping area represents the amount of predictability between Principal Active time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Principal Active Global price movement. The serial correlation of 0.02 indicates that only 2.0% of current Principal Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Principal Active Global lagged returns against current returns
Autocorrelation, which is Principal Active 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 Principal Active's etf expected returns. We can calculate the autocorrelation of Principal Active returns to help us make a trade decision. For example, suppose you find that Principal Active 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 |
Principal Active 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 Principal Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Active etf over time.
Current vs Lagged Prices |
| Timeline |
Principal Active Lagged Returns
When evaluating Principal Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Active etf have on its future price. Principal Active 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, Principal Active autocorrelation shows the relationship between Principal Active etf current value and its past values and can show if there is a momentum factor associated with investing in Principal Active Global.
Regressed Prices |
| Timeline |
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Principal Active 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.