Cambria Global Asset Etf Market Value
| GAA Etf | USD 28.52 0.09 0.31% |
| Symbol | Cambria |
The market value of Cambria Global Asset 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Cambria Global'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 Global's market value can be influenced by many factors that don't directly affect Cambria Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cambria Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cambria Global'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 Global '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 Global'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 Global.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Cambria Global on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cambria Global Asset or generate 0.0% return on investment in Cambria Global over 30 days. Cambria Global is related to or competes with IShares Core, IShares Core, IShares Core, IShares Core, and IShares ESG. Under normal market conditions, the fund invests at least 80 percent of its total assets in affiliated and unaffiliated ... More
Cambria Global 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 Global'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 Global Asset upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7325 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.19 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 0.9527 |
Cambria Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambria Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cambria Global's standard deviation. In reality, there are many statistical measures that can use Cambria Global historical prices to predict the future Cambria Global's volatility.| Risk Adjusted Performance | 0.0833 | |||
| Jensen Alpha | 0.0183 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1152 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cambria Global'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 Global Asset Backtested Returns
We consider Cambria Global very steady. Cambria Global Asset secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the etf had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cambria Global Asset, which you can use to evaluate the volatility of the entity. Please confirm Cambria Global's Downside Deviation of 0.7325, risk adjusted performance of 0.0833, and Mean Deviation of 0.4446 to double-check if the risk estimate we provide is consistent with the expected return of 0.0753%. The etf shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cambria Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cambria Global is expected to be smaller as well.
Auto-correlation | -0.48 |
Modest reverse predictability
Cambria Global Asset has modest reverse predictability. Overlapping area represents the amount of predictability between Cambria Global 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 Cambria Global Asset price movement. The serial correlation of -0.48 indicates that about 48.0% of current Cambria Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Cambria Global Asset lagged returns against current returns
Autocorrelation, which is Cambria Global 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 Global's etf expected returns. We can calculate the autocorrelation of Cambria Global returns to help us make a trade decision. For example, suppose you find that Cambria Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cambria Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cambria Global etf over time.
Current vs Lagged Prices |
| Timeline |
Cambria Global Lagged Returns
When evaluating Cambria Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cambria Global etf have on its future price. Cambria Global 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 Global autocorrelation shows the relationship between Cambria Global etf current value and its past values and can show if there is a momentum factor associated with investing in Cambria Global Asset.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Cambria Global Correlation, Cambria Global Volatility and Cambria Global Alpha and Beta module to complement your research on Cambria Global. Note that the Cambria Global Asset information on this page should be used as a complementary analysis to other Cambria Global'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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Cambria Global 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.