Inspire Smallmid Cap Etf Market Value
| ISMD Etf | USD 34.40 0.27 0.79% |
| Symbol | Inspire |
The market value of Inspire SmallMid Cap is measured differently than its book value, which is the value of Inspire that is recorded on the company's balance sheet. Investors also form their own opinion of Inspire SmallMid's value that differs from its market value or its book value, called intrinsic value, which is Inspire SmallMid'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 Inspire SmallMid's market value can be influenced by many factors that don't directly affect Inspire SmallMid'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 Inspire SmallMid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inspire SmallMid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inspire SmallMid'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.
Inspire SmallMid '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 Inspire SmallMid'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 Inspire SmallMid.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Inspire SmallMid on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Inspire SmallMid Cap or generate 0.0% return on investment in Inspire SmallMid over 30 days. Inspire SmallMid is related to or competes with Inspire Global, Northern Lights, Inspire International, Northern Lights, and Inspire Tactical. The fund generally invests at least 80 percent of its total assets in the component securities of the index More
Inspire SmallMid 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 Inspire SmallMid'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 Inspire SmallMid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.0028 | |||
| Maximum Drawdown | 5.56 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.5 |
Inspire SmallMid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inspire SmallMid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inspire SmallMid's standard deviation. In reality, there are many statistical measures that can use Inspire SmallMid historical prices to predict the future Inspire SmallMid's volatility.| Risk Adjusted Performance | 0.0399 | |||
| Jensen Alpha | 0.0589 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0025 | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inspire SmallMid'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.
Inspire SmallMid Cap Backtested Returns
We consider Inspire SmallMid very steady. Inspire SmallMid Cap holds Efficiency (Sharpe) Ratio of 0.0555, which attests that the entity had a 0.0555% return per unit of risk over the last 3 months. We have found thirty technical indicators for Inspire SmallMid Cap, which you can use to evaluate the volatility of the entity. Please check out Inspire SmallMid's Risk Adjusted Performance of 0.0399, downside deviation of 1.29, and Market Risk Adjusted Performance of (0.40) to validate if the risk estimate we provide is consistent with the expected return of 0.0626%. The etf retains a Market Volatility (i.e., Beta) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Inspire SmallMid are expected to decrease at a much lower rate. During the bear market, Inspire SmallMid is likely to outperform the market.
Auto-correlation | -0.59 |
Good reverse predictability
Inspire SmallMid Cap has good reverse predictability. Overlapping area represents the amount of predictability between Inspire SmallMid time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Inspire SmallMid Cap price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Inspire SmallMid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Inspire SmallMid Cap lagged returns against current returns
Autocorrelation, which is Inspire SmallMid 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 Inspire SmallMid's etf expected returns. We can calculate the autocorrelation of Inspire SmallMid returns to help us make a trade decision. For example, suppose you find that Inspire SmallMid 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 |
Inspire SmallMid 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 Inspire SmallMid etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inspire SmallMid etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inspire SmallMid etf over time.
Current vs Lagged Prices |
| Timeline |
Inspire SmallMid Lagged Returns
When evaluating Inspire SmallMid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inspire SmallMid etf have on its future price. Inspire SmallMid 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, Inspire SmallMid autocorrelation shows the relationship between Inspire SmallMid etf current value and its past values and can show if there is a momentum factor associated with investing in Inspire SmallMid Cap.
Regressed Prices |
| Timeline |
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Inspire SmallMid 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.