Discipline Fund Etf Market Value
| DSCF Etf | USD 21.98 0.08 0.37% |
| Symbol | Discipline |
The market value of Discipline Fund ETF is measured differently than its book value, which is the value of Discipline that is recorded on the company's balance sheet. Investors also form their own opinion of Discipline Fund's value that differs from its market value or its book value, called intrinsic value, which is Discipline Fund'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 Discipline Fund's market value can be influenced by many factors that don't directly affect Discipline Fund'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 Discipline Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Discipline Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Discipline Fund'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.
Discipline Fund '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 Discipline Fund'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 Discipline Fund.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Discipline Fund on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Discipline Fund ETF or generate 0.0% return on investment in Discipline Fund over 60 days. Discipline Fund is related to or competes with IShares Core, IShares Core, Vanguard Mega, and Global X. The fund is an actively-managed ETF that seeks to achieve its investment objective by investing in a portfolio of other ... More
Discipline Fund 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 Discipline Fund'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 Discipline Fund ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4927 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 2.02 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.5462 |
Discipline Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Discipline Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Discipline Fund's standard deviation. In reality, there are many statistical measures that can use Discipline Fund historical prices to predict the future Discipline Fund's volatility.| Risk Adjusted Performance | 0.0076 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Discipline Fund'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.
Discipline Fund ETF Backtested Returns
We consider Discipline Fund very steady. Discipline Fund ETF secures Sharpe Ratio (or Efficiency) of 0.0038, which denotes the etf had a 0.0038% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Discipline Fund ETF, which you can use to evaluate the volatility of the entity. Please confirm Discipline Fund's Mean Deviation of 0.2972, coefficient of variation of 4823.73, and Downside Deviation of 0.4927 to check if the risk estimate we provide is consistent with the expected return of 0.0016%. The etf shows a Beta (market volatility) of 0.5, which means possible diversification benefits within a given portfolio. As returns on the market increase, Discipline Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Discipline Fund is expected to be smaller as well.
Auto-correlation | -0.36 |
Poor reverse predictability
Discipline Fund ETF has poor reverse predictability. Overlapping area represents the amount of predictability between Discipline Fund time series from 24th of February 2024 to 25th of March 2024 and 25th of March 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 Discipline Fund ETF price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Discipline Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Discipline Fund ETF lagged returns against current returns
Autocorrelation, which is Discipline Fund 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 Discipline Fund's etf expected returns. We can calculate the autocorrelation of Discipline Fund returns to help us make a trade decision. For example, suppose you find that Discipline Fund 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 |
Discipline Fund 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 Discipline Fund etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Discipline Fund etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Discipline Fund etf over time.
Current vs Lagged Prices |
| Timeline |
Discipline Fund Lagged Returns
When evaluating Discipline Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Discipline Fund etf have on its future price. Discipline Fund 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, Discipline Fund autocorrelation shows the relationship between Discipline Fund etf current value and its past values and can show if there is a momentum factor associated with investing in Discipline Fund ETF.
Regressed Prices |
| Timeline |
Pair Trading with Discipline Fund
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 Discipline Fund 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 Discipline Fund will appreciate offsetting losses from the drop in the long position's value.Moving together with Discipline Etf
| 0.92 | AOM | iShares Core Moderate | PairCorr |
| 0.97 | HNDL | Strategy Shares Nasdaq | PairCorr |
| 0.85 | RPAR | RPAR Risk Parity | PairCorr |
| 0.97 | AOK | iShares Core Conservative | PairCorr |
| 0.72 | RPHS | Regents Park Hedged | PairCorr |
The ability to find closely correlated positions to Discipline Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Discipline Fund 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 Discipline Fund - 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 Discipline Fund ETF to buy it.
The correlation of Discipline Fund 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 Discipline Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discipline Fund ETF 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 Discipline Fund 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 Discipline Fund Correlation, Discipline Fund Volatility and Discipline Fund Alpha and Beta module to complement your research on Discipline Fund. Note that the Discipline Fund ETF information on this page should be used as a complementary analysis to other Discipline Fund'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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Discipline Fund 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.