Fcf Quality Etf Market Value
| TTAC Etf | USD 70.06 0.28 0.40% |
| Symbol | FCF |
The market value of FCF Quality ETF is measured differently than its book value, which is the value of FCF that is recorded on the company's balance sheet. Investors also form their own opinion of FCF Quality's value that differs from its market value or its book value, called intrinsic value, which is FCF Quality'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 FCF Quality's market value can be influenced by many factors that don't directly affect FCF Quality'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 FCF Quality's value and its price as these two are different measures arrived at by different means. Investors typically determine if FCF Quality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FCF Quality'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.
FCF Quality '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 FCF Quality'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 FCF Quality.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in FCF Quality on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding FCF Quality ETF or generate 0.0% return on investment in FCF Quality over 30 days. FCF Quality is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Dividend, Vanguard Large, Invesco SP, and IShares Russell. The Adviser utilizes proprietary, systematic stock selection models to select securities eligible for inclusion in the f... More
FCF Quality 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 FCF Quality'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 FCF Quality ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7472 | |||
| Information Ratio | 0.0311 | |||
| Maximum Drawdown | 3.47 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.33 |
FCF Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FCF Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FCF Quality's standard deviation. In reality, there are many statistical measures that can use FCF Quality historical prices to predict the future FCF Quality's volatility.| Risk Adjusted Performance | 0.1692 | |||
| Jensen Alpha | 0.044 | |||
| Total Risk Alpha | 0.0298 | |||
| Sortino Ratio | 0.03 | |||
| Treynor Ratio | 0.1805 |
FCF Quality ETF Backtested Returns
At this point, FCF Quality is very steady. FCF Quality ETF secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the etf had a 0.26% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for FCF Quality ETF, which you can use to evaluate the volatility of the entity. Please confirm FCF Quality's mean deviation of 0.5474, and Downside Deviation of 0.7472 to check if the risk estimate we provide is consistent with the expected return of 0.18%. The entity shows a Beta (market volatility) of 0.83, which means possible diversification benefits within a given portfolio. As returns on the market increase, FCF Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding FCF Quality is expected to be smaller as well.
Auto-correlation | 0.97 |
Excellent predictability
FCF Quality ETF has excellent predictability. Overlapping area represents the amount of predictability between FCF Quality 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 FCF Quality ETF price movement. The serial correlation of 0.97 indicates that 97.0% of current FCF Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.97 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.11 |
FCF Quality ETF lagged returns against current returns
Autocorrelation, which is FCF Quality 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 FCF Quality's etf expected returns. We can calculate the autocorrelation of FCF Quality returns to help us make a trade decision. For example, suppose you find that FCF Quality 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 |
FCF Quality 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 FCF Quality etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FCF Quality etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FCF Quality etf over time.
Current vs Lagged Prices |
| Timeline |
FCF Quality Lagged Returns
When evaluating FCF Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FCF Quality etf have on its future price. FCF Quality 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, FCF Quality autocorrelation shows the relationship between FCF Quality etf current value and its past values and can show if there is a momentum factor associated with investing in FCF Quality ETF.
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 FCF Quality ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FCF Quality'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 Fcf Quality Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Fcf Quality Etf:Check out FCF Quality Correlation, FCF Quality Volatility and FCF Quality Alpha and Beta module to complement your research on FCF Quality. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
FCF Quality 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.