Nato Etf Market Value
| NATO Etf | 25.36 0.62 2.39% |
| Symbol | NATO |
The market value of NATO is measured differently than its book value, which is the value of NATO that is recorded on the company's balance sheet. Investors also form their own opinion of NATO's value that differs from its market value or its book value, called intrinsic value, which is NATO'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 NATO's market value can be influenced by many factors that don't directly affect NATO'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 NATO's value and its price as these two are different measures arrived at by different means. Investors typically determine if NATO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NATO'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.
NATO '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 NATO'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 NATO.
| 09/20/2024 |
| 12/19/2024 |
If you would invest 0.00 in NATO on September 20, 2024 and sell it all today you would earn a total of 0.00 from holding NATO or generate 0.0% return on investment in NATO over 90 days. NATO is related to or competes with Invesco DWA, Invesco Dynamic, SCOR PK, Morningstar Unconstrained, Thrivent High, Via Renewables, and Bondbloxx ETF. NATO is entity of United States. It is traded as Etf on NASDAQ exchange. More
NATO 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 NATO'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 NATO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.36 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.17 |
NATO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NATO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NATO's standard deviation. In reality, there are many statistical measures that can use NATO historical prices to predict the future NATO's volatility.| Risk Adjusted Performance | 0.0068 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NATO'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.
NATO Backtested Returns
As of now, NATO Etf is very steady. NATO has Sharpe Ratio of 0.0041, which conveys that the etf had a 0.0041% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for NATO, which you can use to evaluate the volatility of the entity. Please verify NATO's mean deviation of 0.9071, and Downside Deviation of 1.17 to check out if the risk estimate we provide is consistent with the expected return of 0.005%. The entity secures a Beta (Market Risk) of 0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NATO's returns are expected to increase less than the market. However, during the bear market, the loss of holding NATO is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
NATO has below average predictability. Overlapping area represents the amount of predictability between NATO time series from 20th of September 2024 to 4th of November 2024 and 4th of November 2024 to 19th 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 NATO price movement. The serial correlation of 0.36 indicates that just about 36.0% of current NATO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
NATO lagged returns against current returns
Autocorrelation, which is NATO 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 NATO's etf expected returns. We can calculate the autocorrelation of NATO returns to help us make a trade decision. For example, suppose you find that NATO 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 |
NATO 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 NATO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NATO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NATO etf over time.
Current vs Lagged Prices |
| Timeline |
NATO Lagged Returns
When evaluating NATO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NATO etf have on its future price. NATO 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, NATO autocorrelation shows the relationship between NATO etf current value and its past values and can show if there is a momentum factor associated with investing in NATO.
Regressed Prices |
| Timeline |
Pair Trading with NATO
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 NATO 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 NATO will appreciate offsetting losses from the drop in the long position's value.Moving together with NATO Etf
| 0.89 | XLI | Industrial Select Sector | PairCorr |
| 0.79 | DRVN | Driven Brands Holdings | PairCorr |
| 0.71 | ITA | iShares Aerospace Defense | PairCorr |
| 0.91 | VIS | Vanguard Industrials | PairCorr |
| 0.75 | JETS | US Global Jets | PairCorr |
The ability to find closely correlated positions to NATO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NATO 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 NATO - 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 NATO to buy it.
The correlation of NATO 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 NATO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NATO 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 NATO 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 NATO Correlation, NATO Volatility and NATO Alpha and Beta module to complement your research on NATO. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
NATO 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.