Smartetfs Dividend Builder Etf Market Value
| DIVS Etf | USD 26.74 0.17 0.63% |
| Symbol | SmartETFs |
The market value of SmartETFs Dividend is measured differently than its book value, which is the value of SmartETFs that is recorded on the company's balance sheet. Investors also form their own opinion of SmartETFs Dividend's value that differs from its market value or its book value, called intrinsic value, which is SmartETFs Dividend'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 SmartETFs Dividend's market value can be influenced by many factors that don't directly affect SmartETFs Dividend'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 SmartETFs Dividend's value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartETFs Dividend is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartETFs Dividend'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.
SmartETFs Dividend '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 SmartETFs Dividend'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 SmartETFs Dividend.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in SmartETFs Dividend on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding SmartETFs Dividend Builder or generate 0.0% return on investment in SmartETFs Dividend over 30 days. SmartETFs Dividend is related to or competes with IShares Europe, IShares Global, IShares Global, IShares Global, and IShares SP. The fund will invest at least 80 percent of its net assets in publicly-traded equity securities in dividend-paying compa... More
SmartETFs Dividend 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 SmartETFs Dividend'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 SmartETFs Dividend Builder upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.579 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.64 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.9548 |
SmartETFs Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SmartETFs Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SmartETFs Dividend's standard deviation. In reality, there are many statistical measures that can use SmartETFs Dividend historical prices to predict the future SmartETFs Dividend's volatility.| Risk Adjusted Performance | 0.0516 | |||
| Jensen Alpha | 0.0285 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.2696 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SmartETFs Dividend'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.
SmartETFs Dividend Backtested Returns
We consider SmartETFs Dividend very steady. SmartETFs Dividend owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0392, which indicates the etf had a 0.0392% return per unit of risk over the last 3 months. We have found thirty technical indicators for SmartETFs Dividend Builder, which you can use to evaluate the volatility of the etf. Please validate SmartETFs Dividend's Coefficient Of Variation of 1186.68, risk adjusted performance of 0.0516, and Semi Deviation of 0.4943 to confirm if the risk estimate we provide is consistent with the expected return of 0.0225%. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SmartETFs Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding SmartETFs Dividend is expected to be smaller as well.
Auto-correlation | -0.21 |
Weak reverse predictability
SmartETFs Dividend Builder has weak reverse predictability. Overlapping area represents the amount of predictability between SmartETFs Dividend time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th 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 SmartETFs Dividend price movement. The serial correlation of -0.21 indicates that over 21.0% of current SmartETFs Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
SmartETFs Dividend lagged returns against current returns
Autocorrelation, which is SmartETFs Dividend 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 SmartETFs Dividend's etf expected returns. We can calculate the autocorrelation of SmartETFs Dividend returns to help us make a trade decision. For example, suppose you find that SmartETFs Dividend 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 |
SmartETFs Dividend 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 SmartETFs Dividend etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SmartETFs Dividend etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SmartETFs Dividend etf over time.
Current vs Lagged Prices |
| Timeline |
SmartETFs Dividend Lagged Returns
When evaluating SmartETFs Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SmartETFs Dividend etf have on its future price. SmartETFs Dividend 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, SmartETFs Dividend autocorrelation shows the relationship between SmartETFs Dividend etf current value and its past values and can show if there is a momentum factor associated with investing in SmartETFs Dividend Builder.
Regressed Prices |
| Timeline |
Pair Trading with SmartETFs Dividend
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SmartETFs Dividend position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SmartETFs Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with SmartETFs Etf
| 0.86 | VT | Vanguard Total World | PairCorr |
| 0.85 | ACWI | iShares MSCI ACWI | PairCorr |
| 0.95 | ACWV | iShares MSCI Global | PairCorr |
| 0.65 | IOO | iShares Global 100 | PairCorr |
| 0.87 | URTH | iShares MSCI World | PairCorr |
The ability to find closely correlated positions to SmartETFs Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SmartETFs Dividend when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SmartETFs Dividend - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SmartETFs Dividend Builder to buy it.
The correlation of SmartETFs Dividend is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SmartETFs Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SmartETFs Dividend moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SmartETFs Dividend can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out SmartETFs Dividend Correlation, SmartETFs Dividend Volatility and SmartETFs Dividend Alpha and Beta module to complement your research on SmartETFs Dividend. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
SmartETFs Dividend 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.