Taglikeme Corp Etf Market Value
| TAGG Etf | USD 42.59 0.11 0.26% |
| Symbol | TagLikeMe |
The market value of TagLikeMe Corp is measured differently than its book value, which is the value of TagLikeMe that is recorded on the company's balance sheet. Investors also form their own opinion of TagLikeMe Corp's value that differs from its market value or its book value, called intrinsic value, which is TagLikeMe Corp'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 TagLikeMe Corp's market value can be influenced by many factors that don't directly affect TagLikeMe Corp'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 TagLikeMe Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if TagLikeMe Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TagLikeMe Corp'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.
TagLikeMe Corp '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 TagLikeMe Corp'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 TagLikeMe Corp.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in TagLikeMe Corp on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding TagLikeMe Corp or generate 0.0% return on investment in TagLikeMe Corp over 30 days. Under normal conditions, the fund will invest at least 80 percent of its net assets in U.S More
TagLikeMe Corp 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 TagLikeMe Corp'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 TagLikeMe Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.5419 |
TagLikeMe Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TagLikeMe Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TagLikeMe Corp's standard deviation. In reality, there are many statistical measures that can use TagLikeMe Corp historical prices to predict the future TagLikeMe Corp's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.33) |
TagLikeMe Corp Backtested Returns
TagLikeMe Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0378, which indicates the etf had a -0.0378% return per unit of risk over the last 3 months. TagLikeMe Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TagLikeMe Corp's Variance of 0.1092, coefficient of variation of (1,326), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TagLikeMe Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding TagLikeMe Corp is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
TagLikeMe Corp has weak predictability. Overlapping area represents the amount of predictability between TagLikeMe Corp time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 TagLikeMe Corp price movement. The serial correlation of 0.21 indicates that over 21.0% of current TagLikeMe Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
TagLikeMe Corp lagged returns against current returns
Autocorrelation, which is TagLikeMe Corp 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 TagLikeMe Corp's etf expected returns. We can calculate the autocorrelation of TagLikeMe Corp returns to help us make a trade decision. For example, suppose you find that TagLikeMe Corp 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 |
TagLikeMe Corp 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 TagLikeMe Corp etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TagLikeMe Corp etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TagLikeMe Corp etf over time.
Current vs Lagged Prices |
| Timeline |
TagLikeMe Corp Lagged Returns
When evaluating TagLikeMe Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TagLikeMe Corp etf have on its future price. TagLikeMe Corp 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, TagLikeMe Corp autocorrelation shows the relationship between TagLikeMe Corp etf current value and its past values and can show if there is a momentum factor associated with investing in TagLikeMe Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether TagLikeMe Corp is a strong investment it is important to analyze TagLikeMe Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact TagLikeMe Corp's future performance. For an informed investment choice regarding TagLikeMe Etf, refer to the following important reports:Check out TagLikeMe Corp Correlation, TagLikeMe Corp Volatility and TagLikeMe Corp Alpha and Beta module to complement your research on TagLikeMe Corp. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
TagLikeMe Corp 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.