Alphamark Actively Managed Etf Market Value
| SMCP Etf | USD 29.99 0.02 0.07% |
| Symbol | AlphaMark |
The market value of AlphaMark Actively is measured differently than its book value, which is the value of AlphaMark that is recorded on the company's balance sheet. Investors also form their own opinion of AlphaMark Actively's value that differs from its market value or its book value, called intrinsic value, which is AlphaMark Actively'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 AlphaMark Actively's market value can be influenced by many factors that don't directly affect AlphaMark Actively'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 AlphaMark Actively's value and its price as these two are different measures arrived at by different means. Investors typically determine if AlphaMark Actively is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AlphaMark Actively'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.
AlphaMark Actively '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 AlphaMark Actively'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 AlphaMark Actively.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in AlphaMark Actively on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding AlphaMark Actively Managed or generate 0.0% return on investment in AlphaMark Actively over 90 days. AlphaMark Actively is related to or competes with First Trust, First Trust, Arrow DWA, First Trust, and ClearBridge Dividend. Under normal circumstances, the fund will invest at least 80 percent of its net assets directly or indirectly in small c... More
AlphaMark Actively 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 AlphaMark Actively'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 AlphaMark Actively Managed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.97 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.66 |
AlphaMark Actively Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AlphaMark Actively's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AlphaMark Actively's standard deviation. In reality, there are many statistical measures that can use AlphaMark Actively historical prices to predict the future AlphaMark Actively's volatility.| Risk Adjusted Performance | 0.0301 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0247 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AlphaMark Actively's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
AlphaMark Actively Backtested Returns
We consider AlphaMark Actively very steady. AlphaMark Actively secures Sharpe Ratio (or Efficiency) of 0.0411, which signifies that the etf had a 0.0411% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AlphaMark Actively Managed, which you can use to evaluate the volatility of the entity. Please confirm AlphaMark Actively's Downside Deviation of 1.29, risk adjusted performance of 0.0301, and Mean Deviation of 0.8536 to double-check if the risk estimate we provide is consistent with the expected return of 0.0459%. The etf shows a Beta (market volatility) of 1.45, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, AlphaMark Actively will likely underperform.
Auto-correlation | -0.59 |
Good reverse predictability
AlphaMark Actively Managed has good reverse predictability. Overlapping area represents the amount of predictability between AlphaMark Actively time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 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 AlphaMark Actively price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current AlphaMark Actively price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
AlphaMark Actively lagged returns against current returns
Autocorrelation, which is AlphaMark Actively 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 AlphaMark Actively's etf expected returns. We can calculate the autocorrelation of AlphaMark Actively returns to help us make a trade decision. For example, suppose you find that AlphaMark Actively 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 |
AlphaMark Actively 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 AlphaMark Actively etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AlphaMark Actively etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AlphaMark Actively etf over time.
Current vs Lagged Prices |
| Timeline |
AlphaMark Actively Lagged Returns
When evaluating AlphaMark Actively's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AlphaMark Actively etf have on its future price. AlphaMark Actively 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, AlphaMark Actively autocorrelation shows the relationship between AlphaMark Actively etf current value and its past values and can show if there is a momentum factor associated with investing in AlphaMark Actively Managed.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AlphaMark Actively in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AlphaMark Actively's short interest history, or implied volatility extrapolated from AlphaMark Actively options trading.
Currently Active Assets on Macroaxis
When determining whether AlphaMark Actively is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if AlphaMark Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Alphamark Actively Managed Etf. Highlighted below are key reports to facilitate an investment decision about Alphamark Actively Managed Etf:Check out AlphaMark Actively Correlation, AlphaMark Actively Volatility and AlphaMark Actively Alpha and Beta module to complement your research on AlphaMark Actively. Note that the AlphaMark Actively information on this page should be used as a complementary analysis to other AlphaMark Actively's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
AlphaMark Actively 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.