Trueshares Structured Outcome Etf Market Value
| JUNZ Etf | USD 27.20 0.08 0.29% |
| Symbol | TrueShares |
The market value of TrueShares Structured is measured differently than its book value, which is the value of TrueShares that is recorded on the company's balance sheet. Investors also form their own opinion of TrueShares Structured's value that differs from its market value or its book value, called intrinsic value, which is TrueShares Structured'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 TrueShares Structured's market value can be influenced by many factors that don't directly affect TrueShares Structured'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 TrueShares Structured's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueShares Structured is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueShares Structured'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.
TrueShares Structured '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 TrueShares Structured'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 TrueShares Structured.
| 03/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in TrueShares Structured on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding TrueShares Structured Outcome or generate 0.0% return on investment in TrueShares Structured over 30 days. TrueShares Structured is related to or competes with Innovator Growth. The fund is an actively-managed ETF that seeks to achieve its investment objective by investing substantially all of its... More
TrueShares Structured 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 TrueShares Structured'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 TrueShares Structured Outcome upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5702 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.9 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.9339 |
TrueShares Structured Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TrueShares Structured's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TrueShares Structured's standard deviation. In reality, there are many statistical measures that can use TrueShares Structured historical prices to predict the future TrueShares Structured's volatility.| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | 0.0504 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (4.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TrueShares Structured'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.
TrueShares Structured Backtested Returns
We consider TrueShares Structured very steady. TrueShares Structured owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.069, which indicates the etf had a 0.069% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for TrueShares Structured Outcome, which you can use to evaluate the volatility of the etf. Please validate TrueShares Structured's Coefficient Of Variation of 980.93, semi deviation of 0.4829, and Risk Adjusted Performance of 0.0619 to confirm if the risk estimate we provide is consistent with the expected return of 0.0401%. The entity has a beta of -0.0104, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TrueShares Structured are expected to decrease at a much lower rate. During the bear market, TrueShares Structured is likely to outperform the market.
Auto-correlation | 0.55 |
Modest predictability
TrueShares Structured Outcome has modest predictability. Overlapping area represents the amount of predictability between TrueShares Structured time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 TrueShares Structured price movement. The serial correlation of 0.55 indicates that about 55.0% of current TrueShares Structured price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
TrueShares Structured lagged returns against current returns
Autocorrelation, which is TrueShares Structured 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 TrueShares Structured's etf expected returns. We can calculate the autocorrelation of TrueShares Structured returns to help us make a trade decision. For example, suppose you find that TrueShares Structured 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 |
TrueShares Structured 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 TrueShares Structured etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TrueShares Structured etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TrueShares Structured etf over time.
Current vs Lagged Prices |
| Timeline |
TrueShares Structured Lagged Returns
When evaluating TrueShares Structured's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TrueShares Structured etf have on its future price. TrueShares Structured 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, TrueShares Structured autocorrelation shows the relationship between TrueShares Structured etf current value and its past values and can show if there is a momentum factor associated with investing in TrueShares Structured Outcome.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards TrueShares Structured in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, TrueShares Structured's short interest history, or implied volatility extrapolated from TrueShares Structured options trading.
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TrueShares Structured 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.