Cambria Foreign Shareholder Etf Market Value
| FYLD Etf | USD 26.59 0.20 0.76% |
| Symbol | Cambria |
The market value of Cambria Foreign Shar is measured differently than its book value, which is the value of Cambria that is recorded on the company's balance sheet. Investors also form their own opinion of Cambria Foreign's value that differs from its market value or its book value, called intrinsic value, which is Cambria Foreign'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 Cambria Foreign's market value can be influenced by many factors that don't directly affect Cambria Foreign'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 Cambria Foreign's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cambria Foreign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cambria Foreign'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.
Cambria Foreign '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 Cambria Foreign'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 Cambria Foreign.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Cambria Foreign on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cambria Foreign Shareholder or generate 0.0% return on investment in Cambria Foreign over 30 days. Cambria Foreign is related to or competes with First Trust, First Trust, First Trust, First Trust, and First Trust. The fund is actively managed and seeks to achieve its investment objective by investing, under normal market conditions,... More
Cambria Foreign 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 Cambria Foreign'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 Cambria Foreign Shareholder upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7281 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.78 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.02 |
Cambria Foreign Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambria Foreign's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cambria Foreign's standard deviation. In reality, there are many statistical measures that can use Cambria Foreign historical prices to predict the future Cambria Foreign's volatility.| Risk Adjusted Performance | 0.0699 | |||
| Jensen Alpha | 0.0059 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.083 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cambria Foreign'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.
Cambria Foreign Shar Backtested Returns
We consider Cambria Foreign very steady. Cambria Foreign Shar secures Sharpe Ratio (or Efficiency) of 0.0829, which signifies that the etf had a 0.0829% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cambria Foreign Shareholder, which you can use to evaluate the volatility of the entity. Please confirm Cambria Foreign's Risk Adjusted Performance of 0.0699, downside deviation of 0.7281, and Mean Deviation of 0.4917 to double-check if the risk estimate we provide is consistent with the expected return of 0.0545%. The etf shows a Beta (market volatility) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cambria Foreign's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cambria Foreign is expected to be smaller as well.
Auto-correlation | -0.7 |
Very good reverse predictability
Cambria Foreign Shareholder has very good reverse predictability. Overlapping area represents the amount of predictability between Cambria Foreign time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Cambria Foreign Shar price movement. The serial correlation of -0.7 indicates that around 70.0% of current Cambria Foreign price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Cambria Foreign Shar lagged returns against current returns
Autocorrelation, which is Cambria Foreign 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 Cambria Foreign's etf expected returns. We can calculate the autocorrelation of Cambria Foreign returns to help us make a trade decision. For example, suppose you find that Cambria Foreign 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 |
Cambria Foreign 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 Cambria Foreign etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cambria Foreign etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cambria Foreign etf over time.
Current vs Lagged Prices |
| Timeline |
Cambria Foreign Lagged Returns
When evaluating Cambria Foreign's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cambria Foreign etf have on its future price. Cambria Foreign 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, Cambria Foreign autocorrelation shows the relationship between Cambria Foreign etf current value and its past values and can show if there is a momentum factor associated with investing in Cambria Foreign Shareholder.
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 Cambria Foreign 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, Cambria Foreign's short interest history, or implied volatility extrapolated from Cambria Foreign options trading.
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Cambria Foreign 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.