Smartetfs Advertising Marketing Etf Market Value
| MRAD Etf | USD 14.75 0.05 0.34% |
| Symbol | SmartETFs |
The market value of SmartETFs Advertising 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 Advertising's value that differs from its market value or its book value, called intrinsic value, which is SmartETFs Advertising'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 Advertising's market value can be influenced by many factors that don't directly affect SmartETFs Advertising'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 Advertising's value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartETFs Advertising is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartETFs Advertising'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 Advertising '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 Advertising'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 Advertising.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in SmartETFs Advertising on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding SmartETFs Advertising Marketing or generate 0.0% return on investment in SmartETFs Advertising over 90 days. SmartETFs Advertising is related to or competes with Fidelity MSCI, Fidelity MSCI, Fidelity MSCI, Fidelity MSCI, and Fidelity MSCI. Under normal circumstances, the fund will invest at least 80 percent of its net assets in publicly-traded equity securit... More
SmartETFs Advertising 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 Advertising'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 Advertising Marketing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.93 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.08 |
SmartETFs Advertising Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SmartETFs Advertising's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SmartETFs Advertising's standard deviation. In reality, there are many statistical measures that can use SmartETFs Advertising historical prices to predict the future SmartETFs Advertising's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SmartETFs Advertising'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 Advertising Backtested Returns
SmartETFs Advertising owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0421, which indicates the etf had a -0.0421% return per unit of risk over the last 3 months. SmartETFs Advertising Marketing exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SmartETFs Advertising's Risk Adjusted Performance of (0), coefficient of variation of (7,272), and Variance of 1.53 to confirm the risk estimate we provide. The entity has a beta of 1.46, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SmartETFs Advertising will likely underperform.
Auto-correlation | -0.13 |
Insignificant reverse predictability
SmartETFs Advertising Marketing has insignificant reverse predictability. Overlapping area represents the amount of predictability between SmartETFs Advertising time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 SmartETFs Advertising price movement. The serial correlation of -0.13 indicates that less than 13.0% of current SmartETFs Advertising price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
SmartETFs Advertising lagged returns against current returns
Autocorrelation, which is SmartETFs Advertising 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 Advertising's etf expected returns. We can calculate the autocorrelation of SmartETFs Advertising returns to help us make a trade decision. For example, suppose you find that SmartETFs Advertising 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 Advertising 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 Advertising etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SmartETFs Advertising etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SmartETFs Advertising etf over time.
Current vs Lagged Prices |
| Timeline |
SmartETFs Advertising Lagged Returns
When evaluating SmartETFs Advertising's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SmartETFs Advertising etf have on its future price. SmartETFs Advertising 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 Advertising autocorrelation shows the relationship between SmartETFs Advertising etf current value and its past values and can show if there is a momentum factor associated with investing in SmartETFs Advertising Marketing.
Regressed Prices |
| Timeline |
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SmartETFs Advertising 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.