Cambria Global Asset Etf Market Value

GAA Etf  USD 28.45  0.09  0.32%   
Cambria Global's market value is the price at which a share of Cambria Global trades on a public exchange. It measures the collective expectations of Cambria Global Asset investors about its performance. Cambria Global is trading at 28.45 as of the 15th of June 2024, a 0.32 percent up since the beginning of the trading day. The etf's open price was 28.36.
With this module, you can estimate the performance of a buy and hold strategy of Cambria Global Asset and determine expected loss or profit from investing in Cambria Global over a given investment horizon. Check out Cambria Global Correlation, Cambria Global Volatility and Cambria Global Alpha and Beta module to complement your research on Cambria Global.
Symbol

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.
0.00
04/16/2024
No Change 0.00  0.0 
In 2 months and 2 days
06/15/2024
0.00
If you would invest  0.00  in Cambria Global on April 16, 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 60 days. Cambria Global is related to or competes with Amplify High, First Trust, Invesco KBW, Global X, and Invesco KBW. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
27.6728.4229.17
Details
Intrinsic
Valuation
LowRealHigh
27.1327.8828.63
Details
Naive
Forecast
LowNextHigh
27.9528.6929.44
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28.2728.7029.13
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cambria Global. Your research has to be compared to or analyzed against Cambria Global's peers to derive any actionable benefits. When done correctly, Cambria Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cambria Global Asset.

Cambria Global Asset Backtested Returns

We consider Cambria Global very steady. Cambria Global Asset secures Sharpe Ratio (or Efficiency) of 0.0134, which signifies that the etf had a 0.0134% 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 Mean Deviation of 0.4986, downside deviation of 0.7018, and Risk Adjusted Performance of 0.0142 to double-check if the risk estimate we provide is consistent with the expected return of 0.0086%. The etf shows a Beta (market volatility) of 0.59, 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

    
  -0.67  

Very good reverse predictability

Cambria Global Asset has very good reverse predictability. Overlapping area represents the amount of predictability between Cambria Global time series from 16th of April 2024 to 16th of May 2024 and 16th of May 2024 to 15th of June 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 -0.67 indicates that around 67.0% of current Cambria Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test-0.46
Residual Average0.0
Price Variance0.05

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  

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.

Additional Information and Resources on Investing in Cambria Etf

When determining whether Cambria Global Asset offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cambria Global'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 Cambria Global Asset Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Cambria Global Asset Etf:
Check out Cambria Global Correlation, Cambria Global Volatility and Cambria Global Alpha and Beta module to complement your research on Cambria Global.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.
A focus of Cambria Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cambria Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...