Cultivar Etf Market Value
| CVAR Etf | USD 27.73 0.05 0.18% |
| Symbol | Cultivar |
The market value of Cultivar ETF is measured differently than its book value, which is the value of Cultivar that is recorded on the company's balance sheet. Investors also form their own opinion of Cultivar ETF's value that differs from its market value or its book value, called intrinsic value, which is Cultivar ETF'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 Cultivar ETF's market value can be influenced by many factors that don't directly affect Cultivar ETF'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 Cultivar ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cultivar ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cultivar ETF'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.
Cultivar ETF '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 Cultivar ETF'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 Cultivar ETF.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Cultivar ETF on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cultivar ETF or generate 0.0% return on investment in Cultivar ETF over 60 days. Cultivar ETF is related to or competes with Davis Select, Tidal ETF, Principal Value, WisdomTree Emerging, Ballast SmallMid, Vanguard Minimum, and Vanguard Value. The fund is an actively managed exchange traded fund that seeks to build a portfolio of approximately 50 to 100 securiti... More
Cultivar ETF 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 Cultivar ETF'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 Cultivar ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5482 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 0.9974 |
Cultivar ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cultivar ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cultivar ETF's standard deviation. In reality, there are many statistical measures that can use Cultivar ETF historical prices to predict the future Cultivar ETF's volatility.| Risk Adjusted Performance | 0.0794 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.084 |
Cultivar ETF Backtested Returns
Currently, Cultivar ETF is very steady. Cultivar ETF secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the etf had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cultivar ETF, which you can use to evaluate the volatility of the entity. Please confirm Cultivar ETF's Downside Deviation of 0.5482, risk adjusted performance of 0.0794, and Mean Deviation of 0.5238 to double-check if the risk estimate we provide is consistent with the expected return of 0.0664%. 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, Cultivar ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cultivar ETF is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
Cultivar ETF has poor reverse predictability. Overlapping area represents the amount of predictability between Cultivar ETF time series from 29th of September 2024 to 29th of October 2024 and 29th of October 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 Cultivar ETF price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Cultivar ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Cultivar ETF lagged returns against current returns
Autocorrelation, which is Cultivar ETF 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 Cultivar ETF's etf expected returns. We can calculate the autocorrelation of Cultivar ETF returns to help us make a trade decision. For example, suppose you find that Cultivar ETF 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 |
Cultivar ETF 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 Cultivar ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cultivar ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cultivar ETF etf over time.
Current vs Lagged Prices |
| Timeline |
Cultivar ETF Lagged Returns
When evaluating Cultivar ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cultivar ETF etf have on its future price. Cultivar ETF 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, Cultivar ETF autocorrelation shows the relationship between Cultivar ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Cultivar ETF.
Regressed Prices |
| Timeline |
Pair Trading with Cultivar ETF
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 Cultivar ETF 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 Cultivar ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Cultivar Etf
| 0.91 | VOE | Vanguard Mid Cap | PairCorr |
| 0.88 | SDY | SPDR SP Dividend | PairCorr |
| 0.9 | IWS | iShares Russell Mid | PairCorr |
| 0.86 | COWZ | Pacer Cash Cows | PairCorr |
| 0.87 | IJJ | iShares SP Mid | PairCorr |
Moving against Cultivar Etf
The ability to find closely correlated positions to Cultivar ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cultivar ETF 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 Cultivar ETF - 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 Cultivar ETF to buy it.
The correlation of Cultivar ETF 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 Cultivar ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cultivar ETF 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 Cultivar ETF 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 Cultivar ETF Correlation, Cultivar ETF Volatility and Cultivar ETF Alpha and Beta module to complement your research on Cultivar ETF. To learn how to invest in Cultivar Etf, please use our How to Invest in Cultivar ETF guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Cultivar ETF 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.