Fcf Quality Etf Market Value
| TTAC Etf | USD 58.33 0.05 0.09% |
| Symbol | FCF |
The market value of FCF Quality ETF is measured differently than its book value, which is the value of FCF that is recorded on the company's balance sheet. Investors also form their own opinion of FCF Quality's value that differs from its market value or its book value, called intrinsic value, which is FCF Quality'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 FCF Quality's market value can be influenced by many factors that don't directly affect FCF Quality'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 FCF Quality's value and its price as these two are different measures arrived at by different means. Investors typically determine if FCF Quality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FCF Quality'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.
FCF Quality '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 FCF Quality'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 FCF Quality.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in FCF Quality on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding FCF Quality ETF or generate 0.0% return on investment in FCF Quality over 720 days. FCF Quality is related to or competes with SPDR MSCI, SPDR MSCI, SPDR Russell, and SPDR Russell. The Adviser utilizes proprietary, systematic stock selection models to select securities eligible for inclusion in the f... More
FCF Quality 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 FCF Quality'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 FCF Quality ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.781 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.24 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.1 |
FCF Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FCF Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FCF Quality's standard deviation. In reality, there are many statistical measures that can use FCF Quality historical prices to predict the future FCF Quality's volatility.| Risk Adjusted Performance | 0.0127 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0032 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FCF Quality'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.
FCF Quality ETF Backtested Returns
We consider FCF Quality very steady. FCF Quality ETF secures Sharpe Ratio (or Efficiency) of 0.0153, which denotes the etf had a 0.0153% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for FCF Quality ETF, which you can use to evaluate the volatility of the entity. Please confirm FCF Quality's downside deviation of 0.781, and Mean Deviation of 0.6338 to check if the risk estimate we provide is consistent with the expected return of 0.0121%. The entity shows a Beta (market volatility) of 1.07, which means a somewhat significant risk relative to the market. FCF Quality returns are very sensitive to returns on the market. As the market goes up or down, FCF Quality is expected to follow.
Auto-correlation | 0.50 |
Modest predictability
FCF Quality ETF has modest predictability. Overlapping area represents the amount of predictability between FCF Quality time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 FCF Quality ETF price movement. The serial correlation of 0.5 indicates that about 50.0% of current FCF Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 12.91 |
FCF Quality ETF lagged returns against current returns
Autocorrelation, which is FCF Quality 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 FCF Quality's etf expected returns. We can calculate the autocorrelation of FCF Quality returns to help us make a trade decision. For example, suppose you find that FCF Quality 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 |
FCF Quality 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 FCF Quality etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FCF Quality etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FCF Quality etf over time.
Current vs Lagged Prices |
| Timeline |
FCF Quality Lagged Returns
When evaluating FCF Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FCF Quality etf have on its future price. FCF Quality 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, FCF Quality autocorrelation shows the relationship between FCF Quality etf current value and its past values and can show if there is a momentum factor associated with investing in FCF Quality ETF.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards FCF Quality in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, FCF Quality's short interest history, or implied volatility extrapolated from FCF Quality options trading.
Currently Active Assets on Macroaxis
When determining whether FCF Quality ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FCF Quality'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 Fcf Quality Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fcf Quality Etf:Check out FCF Quality Correlation, FCF Quality Volatility and FCF Quality Alpha and Beta module to complement your research on FCF Quality. Note that the FCF Quality ETF information on this page should be used as a complementary analysis to other FCF Quality's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
FCF Quality 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.