Tappalpha Spy Growth Etf Market Value
| TSPY Etf | 26.10 0.03 0.11% |
| Symbol | TappAlpha |
The market value of TappAlpha SPY Growth is measured differently than its book value, which is the value of TappAlpha that is recorded on the company's balance sheet. Investors also form their own opinion of TappAlpha SPY's value that differs from its market value or its book value, called intrinsic value, which is TappAlpha SPY'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 TappAlpha SPY's market value can be influenced by many factors that don't directly affect TappAlpha SPY'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 TappAlpha SPY's value and its price as these two are different measures arrived at by different means. Investors typically determine if TappAlpha SPY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TappAlpha SPY'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.
TappAlpha SPY '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 TappAlpha SPY'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 TappAlpha SPY.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in TappAlpha SPY on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding TappAlpha SPY Growth or generate 0.0% return on investment in TappAlpha SPY over 30 days. TappAlpha SPY is related to or competes with Global X, Amplify CWP, Global X, JPMorgan Nasdaq, NEOS ETF, FT Cboe, and Main Buywrite. More
TappAlpha SPY 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 TappAlpha SPY'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 TappAlpha SPY Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8277 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.21 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.04 |
TappAlpha SPY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TappAlpha SPY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TappAlpha SPY's standard deviation. In reality, there are many statistical measures that can use TappAlpha SPY historical prices to predict the future TappAlpha SPY's volatility.| Risk Adjusted Performance | 0.1111 | |||
| Jensen Alpha | 0.0959 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 3.51 |
TappAlpha SPY Growth Backtested Returns
At this stage we consider TappAlpha Etf to be very steady. TappAlpha SPY Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for TappAlpha SPY Growth, which you can use to evaluate the volatility of the etf. Please validate TappAlpha SPY's Semi Deviation of 0.6741, coefficient of variation of 688.32, and Risk Adjusted Performance of 0.1111 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 0.0282, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TappAlpha SPY's returns are expected to increase less than the market. However, during the bear market, the loss of holding TappAlpha SPY is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
TappAlpha SPY Growth has good predictability. Overlapping area represents the amount of predictability between TappAlpha SPY 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 TappAlpha SPY Growth price movement. The serial correlation of 0.66 indicates that around 66.0% of current TappAlpha SPY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
TappAlpha SPY Growth lagged returns against current returns
Autocorrelation, which is TappAlpha SPY 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 TappAlpha SPY's etf expected returns. We can calculate the autocorrelation of TappAlpha SPY returns to help us make a trade decision. For example, suppose you find that TappAlpha SPY 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 |
TappAlpha SPY 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 TappAlpha SPY etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TappAlpha SPY etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TappAlpha SPY etf over time.
Current vs Lagged Prices |
| Timeline |
TappAlpha SPY Lagged Returns
When evaluating TappAlpha SPY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TappAlpha SPY etf have on its future price. TappAlpha SPY 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, TappAlpha SPY autocorrelation shows the relationship between TappAlpha SPY etf current value and its past values and can show if there is a momentum factor associated with investing in TappAlpha SPY Growth.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether TappAlpha SPY Growth offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TappAlpha SPY'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 Tappalpha Spy Growth Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Tappalpha Spy Growth Etf:Check out TappAlpha SPY Correlation, TappAlpha SPY Volatility and TappAlpha SPY Alpha and Beta module to complement your research on TappAlpha SPY. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
TappAlpha SPY 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.