Akros Etf Market Value
| MPAY Etf | USD 21.84 0.03 0.14% |
| Symbol | Akros |
The market value of Akros Monthly Payout is measured differently than its book value, which is the value of Akros that is recorded on the company's balance sheet. Investors also form their own opinion of Akros Monthly's value that differs from its market value or its book value, called intrinsic value, which is Akros Monthly'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 Akros Monthly's market value can be influenced by many factors that don't directly affect Akros Monthly'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 Akros Monthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if Akros Monthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akros Monthly'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.
Akros Monthly '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 Akros Monthly'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 Akros Monthly.
| 08/31/2023 |
| 09/30/2023 |
If you would invest 0.00 in Akros Monthly on August 31, 2023 and sell it all today you would earn a total of 0.00 from holding Akros Monthly Payout or generate 0.0% return on investment in Akros Monthly over 30 days. Akros Monthly is related to or competes with First Trust, Collaborative Investment, MerlynAI SectorSurfer, ASYMmetric Smart, Northern Lights, Arrow DWA, and Northern Lights. The fund normally invests in securities comprising the index More
Akros Monthly 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 Akros Monthly'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 Akros Monthly Payout upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.001 | |||
| Maximum Drawdown | 2.56 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.08 |
Akros Monthly Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akros Monthly's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akros Monthly's standard deviation. In reality, there are many statistical measures that can use Akros Monthly historical prices to predict the future Akros Monthly's volatility.| Risk Adjusted Performance | (0.014178) | |||
| Jensen Alpha | (0.002162) | |||
| Total Risk Alpha | 4.0E-4 | |||
| Treynor Ratio | (0.026998) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Akros Monthly'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. Please use the tools below to analyze the current value of Akros Monthly in the context of predictive analytics.
Akros Monthly Payout Backtested Returns
Akros Monthly Payout secures Sharpe Ratio (or Efficiency) of -0.0455, which signifies that the etf had -0.0455% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Akros Monthly Payout exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm Akros Monthly Payout Risk Adjusted Performance of (0.014178), standard deviation of 0.6074, and Mean Deviation of 0.4684 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.8883, which signifies possible diversification benefits within a given portfolio. Akros Monthly returns are very sensitive to returns on the market. As the market goes up or down, Akros Monthly is expected to follow. Even though it is essential to pay attention to Akros Monthly Payout historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Akros Monthly Payout exposes twenty different technical indicators, which can help you to evaluate its performance.
Auto-correlation | 0.56 |
Modest predictability
Akros Monthly Payout has modest predictability. Overlapping area represents the amount of predictability between Akros Monthly time series from 31st of August 2023 to 15th of September 2023 and 15th of September 2023 to 30th of September 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Akros Monthly Payout price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Akros Monthly price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Akros Monthly Payout lagged returns against current returns
Autocorrelation, which is Akros Monthly 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 Akros Monthly's etf expected returns. We can calculate the autocorrelation of Akros Monthly returns to help us make a trade decision. For example, suppose you find that Akros Monthly etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Akros Monthly 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 Akros Monthly etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akros Monthly etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akros Monthly etf over time.
Current vs Lagged Prices |
| Timeline |
Akros Monthly Lagged Returns
When evaluating Akros Monthly's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akros Monthly etf have on its future price. Akros Monthly 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, Akros Monthly autocorrelation shows the relationship between Akros Monthly etf current value and its past values and can show if there is a momentum factor associated with investing in Akros Monthly Payout.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Akros Monthly without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Akros Monthly Payout using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out Akros Monthly Correlation, Akros Monthly Volatility and Akros Monthly Alpha and Beta module to complement your research on Akros Monthly. Note that the Akros Monthly Payout information on this page should be used as a complementary analysis to other Akros Monthly'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Akros Etf analysis
When running Akros Monthly's price analysis, check to measure Akros Monthly's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Akros Monthly is operating at the current time. Most of Akros Monthly's value examination focuses on studying past and present price action to predict the probability of Akros Monthly's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akros Monthly's price. Additionally, you may evaluate how the addition of Akros Monthly to your portfolios can decrease your overall portfolio volatility.
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Akros Monthly 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.