Principal Exchange Traded Funds Etf Market Value
| IG Etf | USD 20.27 0.01 0.05% |
| Symbol | Principal |
The market value of Principal Exchange 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 Exchange's value that differs from its market value or its book value, called intrinsic value, which is Principal Exchange'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 Exchange's market value can be influenced by many factors that don't directly affect Principal Exchange'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 Exchange's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Exchange is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Exchange'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 Exchange '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 Exchange'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 Exchange.
| 02/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in Principal Exchange on February 14, 2024 and sell it all today you would earn a total of 0.00 from holding Principal Exchange Traded Funds or generate 0.0% return on investment in Principal Exchange over 90 days. Principal Exchange is related to or competes with Senstar Technologies, ImmuCell, and Anika Therapeutics. The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under ... More
Principal Exchange 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 Exchange'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 Exchange Traded Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5056 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.36 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.5988 |
Principal Exchange Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Exchange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Exchange's standard deviation. In reality, there are many statistical measures that can use Principal Exchange historical prices to predict the future Principal Exchange's volatility.| Risk Adjusted Performance | (0.00000032) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Exchange'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 Exchange Backtested Returns
We consider Principal Exchange very steady. Principal Exchange maintains Sharpe Ratio (i.e., Efficiency) of 0.0057, which implies the entity had a 0.0057% return per unit of risk over the last 3 months. We have found thirty technical indicators for Principal Exchange, which you can use to evaluate the volatility of the etf. Please check Principal Exchange's Risk Adjusted Performance of (0.00000032), coefficient of variation of 17672.83, and Semi Deviation of 0.4701 to confirm if the risk estimate we provide is consistent with the expected return of 0.0026%. The etf holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Principal Exchange's returns are expected to increase less than the market. However, during the bear market, the loss of holding Principal Exchange is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
Principal Exchange Traded Funds has very weak reverse predictability. Overlapping area represents the amount of predictability between Principal Exchange time series from 14th of February 2024 to 30th of March 2024 and 30th of March 2024 to 14th of May 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 Exchange price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Principal Exchange price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Principal Exchange lagged returns against current returns
Autocorrelation, which is Principal Exchange 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 Exchange's etf expected returns. We can calculate the autocorrelation of Principal Exchange returns to help us make a trade decision. For example, suppose you find that Principal Exchange 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 Exchange 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 Exchange etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Exchange etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Exchange etf over time.
Current vs Lagged Prices |
| Timeline |
Principal Exchange Lagged Returns
When evaluating Principal Exchange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Exchange etf have on its future price. Principal Exchange 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 Exchange autocorrelation shows the relationship between Principal Exchange etf current value and its past values and can show if there is a momentum factor associated with investing in Principal Exchange Traded Funds.
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 Principal Exchange 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, Principal Exchange's short interest history, or implied volatility extrapolated from Principal Exchange options trading.
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Try AI Portfolio ArchitectCheck out Principal Exchange Correlation, Principal Exchange Volatility and Principal Exchange Alpha and Beta module to complement your research on Principal Exchange. Note that the Principal Exchange information on this page should be used as a complementary analysis to other Principal Exchange'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Principal Exchange 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.