Reality Shares Divs Etf Market Value
| DIVY Etf | USD 25.42 0.04 0.16% |
| Symbol | Reality |
The market value of Reality Shares DIVS is measured differently than its book value, which is the value of Reality that is recorded on the company's balance sheet. Investors also form their own opinion of Reality Shares' value that differs from its market value or its book value, called intrinsic value, which is Reality Shares' 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 Reality Shares' market value can be influenced by many factors that don't directly affect Reality Shares' 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 Reality Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Reality Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reality Shares' 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.
Reality Shares '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 Reality Shares' 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 Reality Shares.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Reality Shares on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Reality Shares DIVS or generate 0.0% return on investment in Reality Shares over 30 days. Reality Shares is related to or competes with VanEck Semiconductor, SPDR Gold, SPDR Portfolio, Merck, HP, Home Depot, and American Express. The investment seeks to produce long-term capital appreciation More
Reality Shares 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 Reality Shares' 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 Reality Shares DIVS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.93 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.3 |
Reality Shares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reality Shares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reality Shares' standard deviation. In reality, there are many statistical measures that can use Reality Shares historical prices to predict the future Reality Shares' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reality Shares' 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.
Reality Shares DIVS Backtested Returns
Reality Shares DIVS maintains Sharpe Ratio (i.e., Efficiency) of -0.0315, which implies the entity had a -0.0315% return per unit of risk over the last 3 months. Reality Shares DIVS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reality Shares' Risk Adjusted Performance of (0.01), variance of 0.9397, and Coefficient Of Variation of (3,816) to confirm the risk estimate we provide. The etf holds a Beta of 1.12, which implies a somewhat significant risk relative to the market. Reality Shares returns are very sensitive to returns on the market. As the market goes up or down, Reality Shares is expected to follow.
Auto-correlation | 0.00 |
No correlation between past and present
Reality Shares DIVS has no correlation between past and present. Overlapping area represents the amount of predictability between Reality Shares time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd 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 Reality Shares DIVS price movement. The serial correlation of 0.0 indicates that just 0.0% of current Reality Shares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Reality Shares DIVS lagged returns against current returns
Autocorrelation, which is Reality Shares 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 Reality Shares' etf expected returns. We can calculate the autocorrelation of Reality Shares returns to help us make a trade decision. For example, suppose you find that Reality Shares 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 |
Reality Shares 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 Reality Shares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reality Shares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reality Shares etf over time.
Current vs Lagged Prices |
| Timeline |
Reality Shares Lagged Returns
When evaluating Reality Shares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reality Shares etf have on its future price. Reality Shares 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, Reality Shares autocorrelation shows the relationship between Reality Shares etf current value and its past values and can show if there is a momentum factor associated with investing in Reality Shares DIVS.
Regressed Prices |
| Timeline |
Pair Trading with Reality Shares
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 Reality Shares 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 Reality Shares will appreciate offsetting losses from the drop in the long position's value.Moving together with Reality Etf
| 0.74 | VTI | Vanguard Total Stock | PairCorr |
| 0.67 | SPY | SPDR SP 500 | PairCorr |
| 0.73 | IVV | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Reality Shares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reality Shares 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 Reality Shares - 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 Reality Shares DIVS to buy it.
The correlation of Reality Shares 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 Reality Shares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reality Shares DIVS 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 Reality Shares 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 Reality Shares Correlation, Reality Shares Volatility and Reality Shares Alpha and Beta module to complement your research on Reality Shares. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Reality Shares 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.