Acruence Active Hedge Etf Market Value
| XVOL Etf | USD 24.14 0.07 0.29% |
| Symbol | Acruence |
The market value of Acruence Active Hedge is measured differently than its book value, which is the value of Acruence that is recorded on the company's balance sheet. Investors also form their own opinion of Acruence Active's value that differs from its market value or its book value, called intrinsic value, which is Acruence Active'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 Acruence Active's market value can be influenced by many factors that don't directly affect Acruence Active'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 Acruence Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if Acruence Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acruence Active'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.
Acruence Active '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 Acruence Active'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 Acruence Active.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Acruence Active on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Acruence Active Hedge or generate 0.0% return on investment in Acruence Active over 30 days. Acruence Active is related to or competes with ZEGA Buy, Innovator Equity, Innovator, Innovator, and Northern Lights. The fund is an actively-managed ETF that seeks to achieve its objective by investing nearly all of the funds assets in a... More
Acruence Active 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 Acruence Active'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 Acruence Active Hedge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8155 | |||
| Information Ratio | 0.0701 | |||
| Maximum Drawdown | 3.77 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.28 |
Acruence Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acruence Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acruence Active's standard deviation. In reality, there are many statistical measures that can use Acruence Active historical prices to predict the future Acruence Active's volatility.| Risk Adjusted Performance | 0.1839 | |||
| Jensen Alpha | 0.0863 | |||
| Total Risk Alpha | 0.0491 | |||
| Sortino Ratio | 0.0697 | |||
| Treynor Ratio | 0.2399 |
Acruence Active Hedge Backtested Returns
Acruence Active appears to be very steady, given 3 months investment horizon. Acruence Active Hedge secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the etf had a 0.28% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Acruence Active Hedge, which you can use to evaluate the volatility of the entity. Please makes use of Acruence Active's Downside Deviation of 0.8155, risk adjusted performance of 0.1839, and Mean Deviation of 0.624 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Acruence Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding Acruence Active is expected to be smaller as well.
Auto-correlation | 0.94 |
Excellent predictability
Acruence Active Hedge has excellent predictability. Overlapping area represents the amount of predictability between Acruence Active 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 Acruence Active Hedge price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Acruence Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Acruence Active Hedge lagged returns against current returns
Autocorrelation, which is Acruence Active 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 Acruence Active's etf expected returns. We can calculate the autocorrelation of Acruence Active returns to help us make a trade decision. For example, suppose you find that Acruence Active 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 |
Acruence Active 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 Acruence Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acruence Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acruence Active etf over time.
Current vs Lagged Prices |
| Timeline |
Acruence Active Lagged Returns
When evaluating Acruence Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acruence Active etf have on its future price. Acruence Active 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, Acruence Active autocorrelation shows the relationship between Acruence Active etf current value and its past values and can show if there is a momentum factor associated with investing in Acruence Active Hedge.
Regressed Prices |
| Timeline |
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Acruence Active 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.