Litman Gregory Funds Etf Market Value
| PCEM Etf | 10.24 0.03 0.29% |
| Symbol | Litman |
The market value of Litman Gregory Funds is measured differently than its book value, which is the value of Litman that is recorded on the company's balance sheet. Investors also form their own opinion of Litman Gregory's value that differs from its market value or its book value, called intrinsic value, which is Litman Gregory'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 Litman Gregory's market value can be influenced by many factors that don't directly affect Litman Gregory'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 Litman Gregory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Litman Gregory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Litman Gregory'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.
Litman Gregory '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 Litman Gregory'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 Litman Gregory.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Litman Gregory on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Litman Gregory Funds or generate 0.0% return on investment in Litman Gregory over 30 days. Litman Gregory is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, Vanguard Value, Vanguard Growth, and Vanguard Mid. Litman Gregory is entity of United States More
Litman Gregory 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 Litman Gregory'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 Litman Gregory Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6675 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.08 |
Litman Gregory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Litman Gregory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Litman Gregory's standard deviation. In reality, there are many statistical measures that can use Litman Gregory historical prices to predict the future Litman Gregory's volatility.| Risk Adjusted Performance | 0.0429 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0872 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Litman Gregory'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.
Litman Gregory Funds Backtested Returns
As of now, Litman Etf is very steady. Litman Gregory Funds has Sharpe Ratio of 0.0571, which conveys that the entity had a 0.0571% return per unit of risk over the last 3 months. We have found thirty technical indicators for Litman Gregory, which you can use to evaluate the volatility of the etf. Please verify Litman Gregory's Mean Deviation of 0.5339, risk adjusted performance of 0.0429, and Downside Deviation of 0.6675 to check out if the risk estimate we provide is consistent with the expected return of 0.0391%. The etf secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Litman Gregory's returns are expected to increase less than the market. However, during the bear market, the loss of holding Litman Gregory is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Litman Gregory Funds has insignificant reverse predictability. Overlapping area represents the amount of predictability between Litman Gregory 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 Litman Gregory Funds price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Litman Gregory price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Litman Gregory Funds lagged returns against current returns
Autocorrelation, which is Litman Gregory 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 Litman Gregory's etf expected returns. We can calculate the autocorrelation of Litman Gregory returns to help us make a trade decision. For example, suppose you find that Litman Gregory 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 |
Litman Gregory 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 Litman Gregory etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Litman Gregory etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Litman Gregory etf over time.
Current vs Lagged Prices |
| Timeline |
Litman Gregory Lagged Returns
When evaluating Litman Gregory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Litman Gregory etf have on its future price. Litman Gregory 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, Litman Gregory autocorrelation shows the relationship between Litman Gregory etf current value and its past values and can show if there is a momentum factor associated with investing in Litman Gregory Funds.
Regressed Prices |
| Timeline |
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Litman Gregory 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.