Clearshares Piton Intermediate Etf Market Value
| PIFI Etf | USD 93.85 0.25 0.27% |
| Symbol | ClearShares |
The market value of ClearShares Piton is measured differently than its book value, which is the value of ClearShares that is recorded on the company's balance sheet. Investors also form their own opinion of ClearShares Piton's value that differs from its market value or its book value, called intrinsic value, which is ClearShares Piton'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 ClearShares Piton's market value can be influenced by many factors that don't directly affect ClearShares Piton'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 ClearShares Piton's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearShares Piton is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearShares Piton'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.
ClearShares Piton '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 ClearShares Piton'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 ClearShares Piton.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in ClearShares Piton on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding ClearShares Piton Intermediate or generate 0.0% return on investment in ClearShares Piton over 720 days. ClearShares Piton is related to or competes with ClearShares Ultra, PGIM Active, Pacer Trendpilot, Innovator, and Pacer Lunt. The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under ... More
ClearShares Piton 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 ClearShares Piton'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 ClearShares Piton Intermediate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.68) | |||
| Maximum Drawdown | 0.9525 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.2671 |
ClearShares Piton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ClearShares Piton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ClearShares Piton's standard deviation. In reality, there are many statistical measures that can use ClearShares Piton historical prices to predict the future ClearShares Piton's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.3968 |
ClearShares Piton Backtested Returns
ClearShares Piton secures Sharpe Ratio (or Efficiency) of -0.0565, which signifies that the etf had a -0.0565% return per unit of standard deviation over the last 3 months. ClearShares Piton Intermediate exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ClearShares Piton's risk adjusted performance of (0.04), and Mean Deviation of 0.1474 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.0333, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ClearShares Piton are expected to decrease at a much lower rate. During the bear market, ClearShares Piton is likely to outperform the market.
Auto-correlation | -0.4 |
Poor reverse predictability
ClearShares Piton Intermediate has poor reverse predictability. Overlapping area represents the amount of predictability between ClearShares Piton time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 ClearShares Piton price movement. The serial correlation of -0.4 indicates that just about 40.0% of current ClearShares Piton price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 2.78 |
ClearShares Piton lagged returns against current returns
Autocorrelation, which is ClearShares Piton 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 ClearShares Piton's etf expected returns. We can calculate the autocorrelation of ClearShares Piton returns to help us make a trade decision. For example, suppose you find that ClearShares Piton 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 |
ClearShares Piton 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 ClearShares Piton etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ClearShares Piton etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ClearShares Piton etf over time.
Current vs Lagged Prices |
| Timeline |
ClearShares Piton Lagged Returns
When evaluating ClearShares Piton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ClearShares Piton etf have on its future price. ClearShares Piton 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, ClearShares Piton autocorrelation shows the relationship between ClearShares Piton etf current value and its past values and can show if there is a momentum factor associated with investing in ClearShares Piton Intermediate.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether ClearShares Piton offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ClearShares Piton'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 Clearshares Piton Intermediate Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Clearshares Piton Intermediate Etf:Check out ClearShares Piton Correlation, ClearShares Piton Volatility and ClearShares Piton Alpha and Beta module to complement your research on ClearShares Piton. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
ClearShares Piton 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.