Leuthold Core Etf Market Value
LCR Etf | USD 33.74 0.03 0.09% |
Symbol | Leuthold |
The market value of Leuthold Core ETF is measured differently than its book value, which is the value of Leuthold that is recorded on the company's balance sheet. Investors also form their own opinion of Leuthold Core's value that differs from its market value or its book value, called intrinsic value, which is Leuthold Core'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 Leuthold Core's market value can be influenced by many factors that don't directly affect Leuthold Core'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 Leuthold Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Leuthold Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leuthold Core'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.
Leuthold Core '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 Leuthold Core'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 Leuthold Core.
04/04/2023 |
| 03/29/2024 |
If you would invest 0.00 in Leuthold Core on April 4, 2023 and sell it all today you would earn a total of 0.00 from holding Leuthold Core ETF or generate 0.0% return on investment in Leuthold Core over 360 days. Leuthold Core is related to or competes with Cabana Target, Adaptive Alpha, and Fairlead Tactical. The fund is an actively-managed exchanged-traded fund of funds and seeks to achieve its objective by investing primarily... More
Leuthold Core 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 Leuthold Core'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 Leuthold Core ETF upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.4534 | |||
Information Ratio | (0.13) | |||
Maximum Drawdown | 1.94 | |||
Value At Risk | (0.66) | |||
Potential Upside | 0.694 |
Leuthold Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leuthold Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leuthold Core's standard deviation. In reality, there are many statistical measures that can use Leuthold Core historical prices to predict the future Leuthold Core's volatility.Risk Adjusted Performance | 0.0944 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | (0.13) | |||
Treynor Ratio | 0.0955 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leuthold Core'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.
Leuthold Core ETF Backtested Returns
We consider Leuthold Core very steady. Leuthold Core ETF has Sharpe Ratio of 0.19, which conveys that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Leuthold Core, which you can use to evaluate the volatility of the etf. Please verify Leuthold Core's Risk Adjusted Performance of 0.0944, mean deviation of 0.3649, and Downside Deviation of 0.4534 to check out if the risk estimate we provide is consistent with the expected return of 0.0878%. The etf secures a Beta (Market Risk) of 0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Leuthold Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Leuthold Core is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Leuthold Core ETF has good predictability. Overlapping area represents the amount of predictability between Leuthold Core time series from 4th of April 2023 to 1st of October 2023 and 1st of October 2023 to 29th of March 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 Leuthold Core ETF price movement. The serial correlation of 0.75 indicates that around 75.0% of current Leuthold Core price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.75 | |
Spearman Rank Test | 0.69 | |
Residual Average | 0.0 | |
Price Variance | 1.67 |
Leuthold Core ETF lagged returns against current returns
Autocorrelation, which is Leuthold Core 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 Leuthold Core's etf expected returns. We can calculate the autocorrelation of Leuthold Core returns to help us make a trade decision. For example, suppose you find that Leuthold Core 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 |
Leuthold Core 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 Leuthold Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leuthold Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leuthold Core etf over time.
Current vs Lagged Prices |
Timeline |
Leuthold Core Lagged Returns
When evaluating Leuthold Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leuthold Core etf have on its future price. Leuthold Core 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, Leuthold Core autocorrelation shows the relationship between Leuthold Core etf current value and its past values and can show if there is a momentum factor associated with investing in Leuthold Core ETF.
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 Leuthold Core 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, Leuthold Core's short interest history, or implied volatility extrapolated from Leuthold Core options trading.
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Try AI Portfolio ArchitectCheck out Leuthold Core Correlation, Leuthold Core Volatility and Leuthold Core Alpha and Beta module to complement your research on Leuthold Core. Note that the Leuthold Core ETF information on this page should be used as a complementary analysis to other Leuthold Core'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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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When running Leuthold Core's price analysis, check to measure Leuthold Core's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Leuthold Core is operating at the current time. Most of Leuthold Core's value examination focuses on studying past and present price action to predict the probability of Leuthold Core's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leuthold Core's price. Additionally, you may evaluate how the addition of Leuthold Core to your portfolios can decrease your overall portfolio volatility.
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Leuthold Core 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.