Atac Rotation Etf Market Value
| RORO Etf | USD 17.76 0.42 2.31% |
| Symbol | ATAC |
The market value of ATAC Rotation ETF is measured differently than its book value, which is the value of ATAC that is recorded on the company's balance sheet. Investors also form their own opinion of ATAC Rotation's value that differs from its market value or its book value, called intrinsic value, which is ATAC Rotation'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 ATAC Rotation's market value can be influenced by many factors that don't directly affect ATAC Rotation'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 ATAC Rotation's value and its price as these two are different measures arrived at by different means. Investors typically determine if ATAC Rotation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATAC Rotation'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.
ATAC Rotation '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 ATAC Rotation'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 ATAC Rotation.
| 03/11/2024 |
| 06/09/2024 |
If you would invest 0.00 in ATAC Rotation on March 11, 2024 and sell it all today you would earn a total of 0.00 from holding ATAC Rotation ETF or generate 0.0% return on investment in ATAC Rotation over 90 days. ATAC Rotation is related to or competes with Cabana Target, Cabana Target, Cambria Global, Fairlead Tactical, and First Trust. Under normal circumstances, at least 80 percent of the funds net assets, plus borrowings for investment purposes, will b... More
ATAC Rotation 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 ATAC Rotation'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 ATAC Rotation ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.88 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.18 |
ATAC Rotation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATAC Rotation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATAC Rotation's standard deviation. In reality, there are many statistical measures that can use ATAC Rotation historical prices to predict the future ATAC Rotation's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ATAC Rotation'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.
ATAC Rotation ETF Backtested Returns
ATAC Rotation ETF retains Efficiency (Sharpe Ratio) of -0.069, which signifies that the etf had a -0.069% return per unit of risk over the last 3 months. ATAC Rotation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ATAC Rotation's variance of 0.8588, and Market Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ATAC Rotation's returns are expected to increase less than the market. However, during the bear market, the loss of holding ATAC Rotation is expected to be smaller as well.
Auto-correlation | -0.56 |
Good reverse predictability
ATAC Rotation ETF has good reverse predictability. Overlapping area represents the amount of predictability between ATAC Rotation time series from 11th of March 2024 to 25th of April 2024 and 25th of April 2024 to 9th 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 ATAC Rotation ETF price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current ATAC Rotation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
ATAC Rotation ETF lagged returns against current returns
Autocorrelation, which is ATAC Rotation 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 ATAC Rotation's etf expected returns. We can calculate the autocorrelation of ATAC Rotation returns to help us make a trade decision. For example, suppose you find that ATAC Rotation 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 |
ATAC Rotation 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 ATAC Rotation etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATAC Rotation etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATAC Rotation etf over time.
Current vs Lagged Prices |
| Timeline |
ATAC Rotation Lagged Returns
When evaluating ATAC Rotation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATAC Rotation etf have on its future price. ATAC Rotation 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, ATAC Rotation autocorrelation shows the relationship between ATAC Rotation etf current value and its past values and can show if there is a momentum factor associated with investing in ATAC Rotation ETF.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in ATAC Etf
When determining whether ATAC Rotation ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ATAC Rotation'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 Atac Rotation Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Atac Rotation Etf:Check out ATAC Rotation Correlation, ATAC Rotation Volatility and ATAC Rotation Alpha and Beta module to complement your research on ATAC Rotation. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
ATAC Rotation 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.