Tcw Etf Trust Etf Market Value
| SUPP Etf | 67.90 0.42 0.61% |
| Symbol | TCW |
The market value of TCW ETF Trust is measured differently than its book value, which is the value of TCW that is recorded on the company's balance sheet. Investors also form their own opinion of TCW ETF's value that differs from its market value or its book value, called intrinsic value, which is TCW ETF'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 TCW ETF's market value can be influenced by many factors that don't directly affect TCW ETF'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 TCW ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if TCW ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TCW ETF'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.
TCW ETF '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 TCW ETF'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 TCW ETF.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in TCW ETF on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding TCW ETF Trust or generate 0.0% return on investment in TCW ETF over 60 days. TCW ETF is related to or competes with ProShares Supply, JPMorgan Climate, Rbb Fund, Simplify Propel, and TCW ETF. TCW ETF is entity of United States. It is traded as Etf on BATS exchange. More
TCW ETF 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 TCW ETF'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 TCW ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.53 |
TCW ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TCW ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TCW ETF's standard deviation. In reality, there are many statistical measures that can use TCW ETF historical prices to predict the future TCW ETF's volatility.| Risk Adjusted Performance | 0.0607 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0629 |
TCW ETF Trust Backtested Returns
Currently, TCW ETF Trust is very steady. TCW ETF Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0693, which indicates the etf had a 0.0693% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for TCW ETF Trust, which you can use to evaluate the volatility of the entity. Please validate TCW ETF's market risk adjusted performance of 0.0729, and Downside Deviation of 1.02 to confirm if the risk estimate we provide is consistent with the expected return of 0.0711%. The entity has a beta of 1.07, which indicates a somewhat significant risk relative to the market. TCW ETF returns are very sensitive to returns on the market. As the market goes up or down, TCW ETF is expected to follow.
Auto-correlation | 0.16 |
Very weak predictability
TCW ETF Trust has very weak predictability. Overlapping area represents the amount of predictability between TCW ETF time series from 29th of September 2024 to 29th of October 2024 and 29th of October 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 TCW ETF Trust price movement. The serial correlation of 0.16 indicates that over 16.0% of current TCW ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.56 |
TCW ETF Trust lagged returns against current returns
Autocorrelation, which is TCW ETF 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 TCW ETF's etf expected returns. We can calculate the autocorrelation of TCW ETF returns to help us make a trade decision. For example, suppose you find that TCW ETF 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 |
TCW ETF 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 TCW ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TCW ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TCW ETF etf over time.
Current vs Lagged Prices |
| Timeline |
TCW ETF Lagged Returns
When evaluating TCW ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TCW ETF etf have on its future price. TCW ETF 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, TCW ETF autocorrelation shows the relationship between TCW ETF etf current value and its past values and can show if there is a momentum factor associated with investing in TCW ETF Trust.
Regressed Prices |
| Timeline |
Pair Trading with TCW ETF
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 TCW ETF 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 TCW ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with TCW Etf
| 0.95 | VTI | Vanguard Total Stock | PairCorr |
| 0.96 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.96 | IVV | iShares Core SP | PairCorr |
| 0.92 | VIG | Vanguard Dividend | PairCorr |
| 0.95 | VV | Vanguard Large Cap | PairCorr |
Moving against TCW Etf
| 0.82 | VIIX | VIIX | PairCorr |
| 0.79 | YCL | ProShares Ultra Yen | PairCorr |
| 0.77 | FXY | Invesco CurrencyShares | PairCorr |
| 0.7 | ULE | ProShares Ultra Euro | PairCorr |
The ability to find closely correlated positions to TCW ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TCW ETF 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 TCW ETF - 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 TCW ETF Trust to buy it.
The correlation of TCW ETF 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 TCW ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TCW ETF Trust 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 TCW ETF 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 TCW ETF Correlation, TCW ETF Volatility and TCW ETF Alpha and Beta module to complement your research on TCW ETF. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
TCW ETF 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.