Advisorshares Hotel Etf Market Value
| BEDZ Etf | USD 33.59 0.08 0.24% |
| Symbol | AdvisorShares |
The market value of AdvisorShares Hotel ETF is measured differently than its book value, which is the value of AdvisorShares that is recorded on the company's balance sheet. Investors also form their own opinion of AdvisorShares Hotel's value that differs from its market value or its book value, called intrinsic value, which is AdvisorShares Hotel'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 AdvisorShares Hotel's market value can be influenced by many factors that don't directly affect AdvisorShares Hotel'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 AdvisorShares Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if AdvisorShares Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AdvisorShares Hotel'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.
AdvisorShares Hotel '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 AdvisorShares Hotel'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 AdvisorShares Hotel.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in AdvisorShares Hotel on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding AdvisorShares Hotel ETF or generate 0.0% return on investment in AdvisorShares Hotel over 30 days. AdvisorShares Hotel is related to or competes with Invesco Dynamic, Invesco Dynamic, Invesco DWA, Thrivent High, Morningstar Unconstrained, High-yield Municipal, and Via Renewables. The fund is an actively ETF that seeks to achieve its investment objective by investing, under normal circumstances, at ... More
AdvisorShares Hotel 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 AdvisorShares Hotel'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 AdvisorShares Hotel ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9096 | |||
| Information Ratio | 0.125 | |||
| Maximum Drawdown | 5.78 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 2.08 |
AdvisorShares Hotel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AdvisorShares Hotel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AdvisorShares Hotel's standard deviation. In reality, there are many statistical measures that can use AdvisorShares Hotel historical prices to predict the future AdvisorShares Hotel's volatility.| Risk Adjusted Performance | 0.1946 | |||
| Jensen Alpha | 0.1199 | |||
| Total Risk Alpha | 0.0816 | |||
| Sortino Ratio | 0.1505 | |||
| Treynor Ratio | 0.2335 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AdvisorShares Hotel'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.
AdvisorShares Hotel ETF Backtested Returns
AdvisorShares Hotel appears to be very steady, given 3 months investment horizon. AdvisorShares Hotel ETF secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the etf had a 0.26% return per unit of risk over the last 3 months. We have found thirty technical indicators for AdvisorShares Hotel ETF, which you can use to evaluate the volatility of the entity. Please makes use of AdvisorShares Hotel's Risk Adjusted Performance of 0.1946, downside deviation of 0.9096, and Mean Deviation of 0.8094 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.13, which signifies a somewhat significant risk relative to the market. AdvisorShares Hotel returns are very sensitive to returns on the market. As the market goes up or down, AdvisorShares Hotel is expected to follow.
Auto-correlation | 0.96 |
Excellent predictability
AdvisorShares Hotel ETF has excellent predictability. Overlapping area represents the amount of predictability between AdvisorShares Hotel time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 AdvisorShares Hotel ETF price movement. The serial correlation of 0.96 indicates that 96.0% of current AdvisorShares Hotel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
AdvisorShares Hotel ETF lagged returns against current returns
Autocorrelation, which is AdvisorShares Hotel 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 AdvisorShares Hotel's etf expected returns. We can calculate the autocorrelation of AdvisorShares Hotel returns to help us make a trade decision. For example, suppose you find that AdvisorShares Hotel 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 |
AdvisorShares Hotel 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 AdvisorShares Hotel etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AdvisorShares Hotel etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AdvisorShares Hotel etf over time.
Current vs Lagged Prices |
| Timeline |
AdvisorShares Hotel Lagged Returns
When evaluating AdvisorShares Hotel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AdvisorShares Hotel etf have on its future price. AdvisorShares Hotel 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, AdvisorShares Hotel autocorrelation shows the relationship between AdvisorShares Hotel etf current value and its past values and can show if there is a momentum factor associated with investing in AdvisorShares Hotel ETF.
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 AdvisorShares Hotel ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AdvisorShares Hotel'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 Advisorshares Hotel Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Advisorshares Hotel Etf:Check out AdvisorShares Hotel Correlation, AdvisorShares Hotel Volatility and AdvisorShares Hotel Alpha and Beta module to complement your research on AdvisorShares Hotel. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
AdvisorShares Hotel 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.