Vesper Large Cap Etf Market Value
| UTRN Etf | USD 25.31 0.09 0.36% |
| Symbol | Vesper |
The market value of Vesper Large Cap is measured differently than its book value, which is the value of Vesper that is recorded on the company's balance sheet. Investors also form their own opinion of Vesper Large's value that differs from its market value or its book value, called intrinsic value, which is Vesper Large'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 Vesper Large's market value can be influenced by many factors that don't directly affect Vesper Large'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 Vesper Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vesper Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vesper Large'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.
Vesper Large '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 Vesper Large'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 Vesper Large.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Vesper Large on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Vesper Large Cap or generate 0.0% return on investment in Vesper Large over 30 days. Vesper Large is related to or competes with WBI Power, Virtus Private, Acquirers, Virtus Reaves, and DBX ETF. The fund will normally invest at least 80 percent of its total assets in securities of the index More
Vesper Large 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 Vesper Large'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 Vesper Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7446 | |||
| Information Ratio | 0.0362 | |||
| Maximum Drawdown | 3.73 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.13 |
Vesper Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vesper Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vesper Large's standard deviation. In reality, there are many statistical measures that can use Vesper Large historical prices to predict the future Vesper Large's volatility.| Risk Adjusted Performance | 0.0888 | |||
| Jensen Alpha | 0.0282 | |||
| Total Risk Alpha | 0.0046 | |||
| Sortino Ratio | 0.0396 | |||
| Treynor Ratio | 0.1031 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vesper Large'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.
Vesper Large Cap Backtested Returns
We consider Vesper Large very steady. Vesper Large Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the etf had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vesper Large Cap, which you can use to evaluate the volatility of the etf. Please validate Vesper Large's Risk Adjusted Performance of 0.0888, coefficient of variation of 708.53, and Semi Deviation of 0.6212 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 1.02, which indicates a somewhat significant risk relative to the market. Vesper Large returns are very sensitive to returns on the market. As the market goes up or down, Vesper Large is expected to follow.
Auto-correlation | 0.15 |
Insignificant predictability
Vesper Large Cap has insignificant predictability. Overlapping area represents the amount of predictability between Vesper Large 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 Vesper Large Cap price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Vesper Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Vesper Large Cap lagged returns against current returns
Autocorrelation, which is Vesper Large 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 Vesper Large's etf expected returns. We can calculate the autocorrelation of Vesper Large returns to help us make a trade decision. For example, suppose you find that Vesper Large 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 |
Vesper Large 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 Vesper Large etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vesper Large etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vesper Large etf over time.
Current vs Lagged Prices |
| Timeline |
Vesper Large Lagged Returns
When evaluating Vesper Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vesper Large etf have on its future price. Vesper Large 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, Vesper Large autocorrelation shows the relationship between Vesper Large etf current value and its past values and can show if there is a momentum factor associated with investing in Vesper Large Cap.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Vesper Large Cap offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Vesper Large'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 Vesper Large Cap Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vesper Large Cap Etf:Check out Vesper Large Correlation, Vesper Large Volatility and Vesper Large Alpha and Beta module to complement your research on Vesper Large. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Vesper Large 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.