Alexis Practical Tactical Etf Market Value
| LEXI Etf | USD 30.91 0.09 0.29% |
| Symbol | Alexis |
The market value of Alexis Practical Tactical is measured differently than its book value, which is the value of Alexis that is recorded on the company's balance sheet. Investors also form their own opinion of Alexis Practical's value that differs from its market value or its book value, called intrinsic value, which is Alexis Practical'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 Alexis Practical's market value can be influenced by many factors that don't directly affect Alexis Practical'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 Alexis Practical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alexis Practical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alexis Practical'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.
Alexis Practical '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 Alexis Practical'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 Alexis Practical.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Alexis Practical on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Alexis Practical Tactical or generate 0.0% return on investment in Alexis Practical over 30 days. Alexis Practical is related to or competes with Arrow DWA, AlphaMark Actively, FlexShares Real, and First Trust. In seeking to achieve its investment objective, the fund has the flexibility to allocate its assets in markets around th... More
Alexis Practical 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 Alexis Practical'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 Alexis Practical Tactical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7316 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.93 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.8054 |
Alexis Practical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alexis Practical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alexis Practical's standard deviation. In reality, there are many statistical measures that can use Alexis Practical historical prices to predict the future Alexis Practical's volatility.| Risk Adjusted Performance | 0.0326 | |||
| Jensen Alpha | 0.0047 | |||
| Total Risk Alpha | 3.0E-4 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0302 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alexis Practical'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.
Alexis Practical Tactical Backtested Returns
Alexis Practical is very steady at the moment. Alexis Practical Tactical secures Sharpe Ratio (or Efficiency) of 0.0325, which signifies that the etf had a 0.0325% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Alexis Practical Tactical, which you can use to evaluate the volatility of the entity. Please confirm Alexis Practical's mean deviation of 0.4437, and Risk Adjusted Performance of 0.0326 to double-check if the risk estimate we provide is consistent with the expected return of 0.0202%. The etf shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alexis Practical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alexis Practical is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
Alexis Practical Tactical has good reverse predictability. Overlapping area represents the amount of predictability between Alexis Practical time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Alexis Practical Tactical price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Alexis Practical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Alexis Practical Tactical lagged returns against current returns
Autocorrelation, which is Alexis Practical 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 Alexis Practical's etf expected returns. We can calculate the autocorrelation of Alexis Practical returns to help us make a trade decision. For example, suppose you find that Alexis Practical 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 |
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Alexis Practical 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 Alexis Practical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alexis Practical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alexis Practical etf over time.
Current vs Lagged Prices |
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Alexis Practical Lagged Returns
When evaluating Alexis Practical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alexis Practical etf have on its future price. Alexis Practical 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, Alexis Practical autocorrelation shows the relationship between Alexis Practical etf current value and its past values and can show if there is a momentum factor associated with investing in Alexis Practical Tactical.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Alexis Practical Tactical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alexis Practical'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 Alexis Practical Tactical Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Alexis Practical Tactical Etf:Check out Alexis Practical Correlation, Alexis Practical Volatility and Alexis Practical Alpha and Beta module to complement your research on Alexis Practical. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Alexis Practical 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.