Ft Vest Dow Etf Market Value
| FDND Etf | 22.30 0.17 0.76% |
| Symbol | FDND |
The market value of FT Vest Dow is measured differently than its book value, which is the value of FDND that is recorded on the company's balance sheet. Investors also form their own opinion of FT Vest's value that differs from its market value or its book value, called intrinsic value, which is FT Vest'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 FT Vest's market value can be influenced by many factors that don't directly affect FT Vest'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 FT Vest's value and its price as these two are different measures arrived at by different means. Investors typically determine if FT Vest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FT Vest'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.
FT Vest '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 FT Vest'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 FT Vest.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in FT Vest on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding FT Vest Dow or generate 0.0% return on investment in FT Vest over 30 days. FT Vest is related to or competes with Freedom Day, Franklin Templeton, IShares MSCI, Tidal Trust, IShares Dividend, Altrius Global, and Invesco Exchange. More
FT Vest 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 FT Vest'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 FT Vest Dow upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.1377 | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.8 |
FT Vest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FT Vest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FT Vest's standard deviation. In reality, there are many statistical measures that can use FT Vest historical prices to predict the future FT Vest's volatility.| Risk Adjusted Performance | 0.2023 | |||
| Jensen Alpha | 0.1525 | |||
| Total Risk Alpha | 0.1022 | |||
| Sortino Ratio | 0.122 | |||
| Treynor Ratio | 0.2861 |
FT Vest Dow Backtested Returns
FT Vest appears to be very steady, given 3 months investment horizon. FT Vest Dow retains Efficiency (Sharpe Ratio) of 0.26, which denotes the etf had a 0.26% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for FT Vest, which you can use to evaluate the volatility of the entity. Please utilize FT Vest's Standard Deviation of 1.02, market risk adjusted performance of 0.2961, and Downside Deviation of 1.15 to check if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of 0.89, which means possible diversification benefits within a given portfolio. FT Vest returns are very sensitive to returns on the market. As the market goes up or down, FT Vest is expected to follow.
Auto-correlation | 0.78 |
Good predictability
FT Vest Dow has good predictability. Overlapping area represents the amount of predictability between FT Vest 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 FT Vest Dow price movement. The serial correlation of 0.78 indicates that around 78.0% of current FT Vest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
FT Vest Dow lagged returns against current returns
Autocorrelation, which is FT Vest 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 FT Vest's etf expected returns. We can calculate the autocorrelation of FT Vest returns to help us make a trade decision. For example, suppose you find that FT Vest 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 |
FT Vest 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 FT Vest etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FT Vest etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FT Vest etf over time.
Current vs Lagged Prices |
| Timeline |
FT Vest Lagged Returns
When evaluating FT Vest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FT Vest etf have on its future price. FT Vest 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, FT Vest autocorrelation shows the relationship between FT Vest etf current value and its past values and can show if there is a momentum factor associated with investing in FT Vest Dow.
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 FT Vest Dow is a strong investment it is important to analyze FT Vest'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 FT Vest's future performance. For an informed investment choice regarding FDND Etf, refer to the following important reports:Check out FT Vest Correlation, FT Vest Volatility and FT Vest Alpha and Beta module to complement your research on FT Vest. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
FT Vest 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.