Altrius Global Dividend Etf Market Value
| DIVD Etf | USD 33.57 0.18 0.54% |
| Symbol | Altrius |
The market value of Altrius Global Dividend is measured differently than its book value, which is the value of Altrius that is recorded on the company's balance sheet. Investors also form their own opinion of Altrius Global's value that differs from its market value or its book value, called intrinsic value, which is Altrius Global'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 Altrius Global's market value can be influenced by many factors that don't directly affect Altrius Global'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 Altrius Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altrius Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altrius Global'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.
Altrius Global '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 Altrius Global'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 Altrius Global.
| 04/15/2024 |
| 05/15/2024 |
If you would invest 0.00 in Altrius Global on April 15, 2024 and sell it all today you would earn a total of 0.00 from holding Altrius Global Dividend or generate 0.0% return on investment in Altrius Global over 30 days. Altrius Global is related to or competes with Aritzia, Sensient Technologies, Qs Servative, LSI Industries, Marin Software, HP, and Great West. To pursue its objective, the fund will invest at least 90 percent of its net assets, plus the amount of any borrowings f... More
Altrius Global 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 Altrius Global'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 Altrius Global Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6984 | |||
| Information Ratio | 0.0234 | |||
| Maximum Drawdown | 2.84 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 0.8568 |
Altrius Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altrius Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altrius Global's standard deviation. In reality, there are many statistical measures that can use Altrius Global historical prices to predict the future Altrius Global's volatility.| Risk Adjusted Performance | 0.1018 | |||
| Jensen Alpha | 0.0801 | |||
| Total Risk Alpha | 0.018 | |||
| Sortino Ratio | 0.0195 | |||
| Treynor Ratio | 1.03 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Altrius Global'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.
Altrius Global Dividend Backtested Returns
We consider Altrius Global very steady. Altrius Global Dividend secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the etf had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Altrius Global Dividend, which you can use to evaluate the volatility of the entity. Please confirm Altrius Global's Mean Deviation of 0.4284, downside deviation of 0.6984, and Risk Adjusted Performance of 0.1018 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The etf shows a Beta (market volatility) of 0.084, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Altrius Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altrius Global is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Altrius Global Dividend has good predictability. Overlapping area represents the amount of predictability between Altrius Global time series from 15th of April 2024 to 30th of April 2024 and 30th of April 2024 to 15th of May 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 Altrius Global Dividend price movement. The serial correlation of 0.71 indicates that around 71.0% of current Altrius Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Altrius Global Dividend lagged returns against current returns
Autocorrelation, which is Altrius Global 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 Altrius Global's etf expected returns. We can calculate the autocorrelation of Altrius Global returns to help us make a trade decision. For example, suppose you find that Altrius Global 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 |
Altrius Global 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 Altrius Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altrius Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altrius Global etf over time.
Current vs Lagged Prices |
| Timeline |
Altrius Global Lagged Returns
When evaluating Altrius Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altrius Global etf have on its future price. Altrius Global 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, Altrius Global autocorrelation shows the relationship between Altrius Global etf current value and its past values and can show if there is a momentum factor associated with investing in Altrius Global Dividend.
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 Altrius Global 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, Altrius Global's short interest history, or implied volatility extrapolated from Altrius Global options trading.
Pair Trading with Altrius Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altrius Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altrius Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Altrius Etf
| 0.84 | VTI | Vanguard Total Stock | PairCorr |
| 0.84 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.87 | IVV | iShares Core SP | PairCorr |
| 0.93 | VTV | Vanguard Value Index | PairCorr |
The ability to find closely correlated positions to Altrius Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altrius Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altrius Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altrius Global Dividend to buy it.
The correlation of Altrius Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altrius Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altrius Global Dividend moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altrius Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Altrius Global Correlation, Altrius Global Volatility and Altrius Global Alpha and Beta module to complement your research on Altrius Global. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Altrius Global 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.