Etracs Alerian Midstream Etf Market Value
| AMTR Etf | USD 80.90 1.02 1.28% |
| Symbol | ETRACS |
The market value of ETRACS Alerian Midstream is measured differently than its book value, which is the value of ETRACS that is recorded on the company's balance sheet. Investors also form their own opinion of ETRACS Alerian's value that differs from its market value or its book value, called intrinsic value, which is ETRACS Alerian'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 ETRACS Alerian's market value can be influenced by many factors that don't directly affect ETRACS Alerian'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 ETRACS Alerian's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS Alerian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS Alerian'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.
ETRACS Alerian '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 ETRACS Alerian'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 ETRACS Alerian.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in ETRACS Alerian on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding ETRACS Alerian Midstream or generate 0.0% return on investment in ETRACS Alerian over 90 days. ETRACS Alerian is related to or competes with First Trust, Global X, Tortoise North, UBS AG, Alerian Energy, and UBS AG. Etracs Alerian is traded on NYSEARCA Exchange in the United States. More
ETRACS Alerian 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 ETRACS Alerian'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 ETRACS Alerian Midstream upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6639 | |||
| Information Ratio | 0.2097 | |||
| Maximum Drawdown | 5.06 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 2.14 |
ETRACS Alerian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETRACS Alerian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETRACS Alerian's standard deviation. In reality, there are many statistical measures that can use ETRACS Alerian historical prices to predict the future ETRACS Alerian's volatility.| Risk Adjusted Performance | 0.2774 | |||
| Jensen Alpha | 0.2578 | |||
| Total Risk Alpha | 0.1666 | |||
| Sortino Ratio | 0.2878 | |||
| Treynor Ratio | 0.6674 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ETRACS Alerian'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.
ETRACS Alerian Midstream Backtested Returns
ETRACS Alerian appears to be very steady, given 3 months investment horizon. ETRACS Alerian Midstream secures Sharpe Ratio (or Efficiency) of 0.34, which denotes the etf had a 0.34% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for ETRACS Alerian Midstream, which you can use to evaluate the volatility of the entity. Please utilize ETRACS Alerian's Market Risk Adjusted Performance of 0.6774, coefficient of variation of 277.17, and Mean Deviation of 0.7328 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, ETRACS Alerian's returns are expected to increase less than the market. However, during the bear market, the loss of holding ETRACS Alerian is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
ETRACS Alerian Midstream has excellent predictability. Overlapping area represents the amount of predictability between ETRACS Alerian time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 ETRACS Alerian Midstream price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current ETRACS Alerian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 15.93 |
ETRACS Alerian Midstream lagged returns against current returns
Autocorrelation, which is ETRACS Alerian 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 ETRACS Alerian's etf expected returns. We can calculate the autocorrelation of ETRACS Alerian returns to help us make a trade decision. For example, suppose you find that ETRACS Alerian 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 |
ETRACS Alerian 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 ETRACS Alerian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETRACS Alerian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETRACS Alerian etf over time.
Current vs Lagged Prices |
| Timeline |
ETRACS Alerian Lagged Returns
When evaluating ETRACS Alerian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETRACS Alerian etf have on its future price. ETRACS Alerian 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, ETRACS Alerian autocorrelation shows the relationship between ETRACS Alerian etf current value and its past values and can show if there is a momentum factor associated with investing in ETRACS Alerian Midstream.
Regressed Prices |
| Timeline |
Pair Trading with ETRACS Alerian
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ETRACS Alerian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ETRACS Alerian will appreciate offsetting losses from the drop in the long position's value.Moving together with ETRACS Etf
| 0.98 | EMLP | First Trust North | PairCorr |
| 0.89 | AMJ | JPMorgan | PairCorr |
| 0.87 | MLPA | Global X MLP | PairCorr |
| 1.0 | MLPX | Global X MLP | PairCorr |
| 1.0 | TPYP | Tortoise North American | PairCorr |
Moving against ETRACS Etf
| 0.79 | TLT | iShares 20 Year Aggressive Push | PairCorr |
The ability to find closely correlated positions to ETRACS Alerian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ETRACS Alerian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ETRACS Alerian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ETRACS Alerian Midstream to buy it.
The correlation of ETRACS Alerian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ETRACS Alerian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ETRACS Alerian Midstream moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ETRACS Alerian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ETRACS Alerian Correlation, ETRACS Alerian Volatility and ETRACS Alerian Alpha and Beta module to complement your research on ETRACS Alerian. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
ETRACS Alerian 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.