Aptus Drawdown Managed Etf Market Value
| ADME Etf | USD 47.68 0.24 0.50% |
| Symbol | Aptus |
The market value of Aptus Drawdown Managed is measured differently than its book value, which is the value of Aptus that is recorded on the company's balance sheet. Investors also form their own opinion of Aptus Drawdown's value that differs from its market value or its book value, called intrinsic value, which is Aptus Drawdown'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 Aptus Drawdown's market value can be influenced by many factors that don't directly affect Aptus Drawdown'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 Aptus Drawdown's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aptus Drawdown is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aptus Drawdown'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.
Aptus Drawdown '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 Aptus Drawdown'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 Aptus Drawdown.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Aptus Drawdown on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Aptus Drawdown Managed or generate 0.0% return on investment in Aptus Drawdown over 30 days. Aptus Drawdown is related to or competes with Aptus Collared, Aptus Defined, Anfield Equity, Opus Small, and Anfield Universal. The fund is an actively managed exchange-traded fund that seeks to achieve its objective principally by investing in a p... More
Aptus Drawdown 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 Aptus Drawdown'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 Aptus Drawdown Managed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.765 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.03 |
Aptus Drawdown Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aptus Drawdown's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aptus Drawdown's standard deviation. In reality, there are many statistical measures that can use Aptus Drawdown historical prices to predict the future Aptus Drawdown's volatility.| Risk Adjusted Performance | 0.0797 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0907 |
Aptus Drawdown Managed Backtested Returns
At this point, Aptus Drawdown is very steady. Aptus Drawdown Managed secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aptus Drawdown Managed, which you can use to evaluate the volatility of the entity. Please confirm Aptus Drawdown's Downside Deviation of 0.765, risk adjusted performance of 0.0797, and Mean Deviation of 0.5156 to double-check if the risk estimate we provide is consistent with the expected return of 0.0736%. The etf shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aptus Drawdown's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aptus Drawdown is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Aptus Drawdown Managed has very good predictability. Overlapping area represents the amount of predictability between Aptus Drawdown time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Aptus Drawdown Managed price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Aptus Drawdown price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Aptus Drawdown Managed lagged returns against current returns
Autocorrelation, which is Aptus Drawdown 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 Aptus Drawdown's etf expected returns. We can calculate the autocorrelation of Aptus Drawdown returns to help us make a trade decision. For example, suppose you find that Aptus Drawdown 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 |
Aptus Drawdown 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 Aptus Drawdown etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aptus Drawdown etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aptus Drawdown etf over time.
Current vs Lagged Prices |
| Timeline |
Aptus Drawdown Lagged Returns
When evaluating Aptus Drawdown's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aptus Drawdown etf have on its future price. Aptus Drawdown 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, Aptus Drawdown autocorrelation shows the relationship between Aptus Drawdown etf current value and its past values and can show if there is a momentum factor associated with investing in Aptus Drawdown Managed.
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.When determining whether Aptus Drawdown Managed is a strong investment it is important to analyze Aptus Drawdown's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Aptus Drawdown's future performance. For an informed investment choice regarding Aptus Etf, refer to the following important reports:Check out Aptus Drawdown Correlation, Aptus Drawdown Volatility and Aptus Drawdown Alpha and Beta module to complement your research on Aptus Drawdown. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Aptus Drawdown 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.