Main Sector Rotation Etf Market Value
| SECT Etf | USD 47.89 0.38 0.79% |
| Symbol | Main |
The market value of Main Sector Rotation is measured differently than its book value, which is the value of Main that is recorded on the company's balance sheet. Investors also form their own opinion of Main Sector's value that differs from its market value or its book value, called intrinsic value, which is Main Sector'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 Main Sector's market value can be influenced by many factors that don't directly affect Main Sector'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 Main Sector's value and its price as these two are different measures arrived at by different means. Investors typically determine if Main Sector is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Main Sector'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.
Main Sector '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 Main Sector'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 Main Sector.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Main Sector on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Main Sector Rotation or generate 0.0% return on investment in Main Sector over 90 days. Main Sector is related to or competes with Dimensional Targeted, Dimensional World, and Dimensional Small. The fund utilizes a fund of funds structure to invest in sector-based equity ETFs More
Main Sector 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 Main Sector'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 Main Sector Rotation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8958 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.89 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.17 |
Main Sector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Main Sector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Main Sector's standard deviation. In reality, there are many statistical measures that can use Main Sector historical prices to predict the future Main Sector's volatility.| Risk Adjusted Performance | 0.0469 | |||
| Jensen Alpha | 0.0532 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Main Sector'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.
Main Sector Rotation Backtested Returns
We consider Main Sector very steady. Main Sector Rotation has Sharpe Ratio of 0.0336, which conveys that the entity had a 0.0336% return per unit of risk over the last 3 months. We have found thirty technical indicators for Main Sector, which you can use to evaluate the volatility of the etf. Please verify Main Sector's Risk Adjusted Performance of 0.0469, downside deviation of 0.8958, and Mean Deviation of 0.6746 to check out if the risk estimate we provide is consistent with the expected return of 0.0278%. The etf secures a Beta (Market Risk) of -0.0432, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Main Sector are expected to decrease at a much lower rate. During the bear market, Main Sector is likely to outperform the market.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Main Sector Rotation has insignificant reverse predictability. Overlapping area represents the amount of predictability between Main Sector time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th 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 Main Sector Rotation price movement. The serial correlation of -0.16 indicates that over 16.0% of current Main Sector price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Main Sector Rotation lagged returns against current returns
Autocorrelation, which is Main Sector 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 Main Sector's etf expected returns. We can calculate the autocorrelation of Main Sector returns to help us make a trade decision. For example, suppose you find that Main Sector 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 |
Main Sector 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 Main Sector etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Main Sector etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Main Sector etf over time.
Current vs Lagged Prices |
| Timeline |
Main Sector Lagged Returns
When evaluating Main Sector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Main Sector etf have on its future price. Main Sector 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, Main Sector autocorrelation shows the relationship between Main Sector etf current value and its past values and can show if there is a momentum factor associated with investing in Main Sector Rotation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Main Sector Rotation 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 Main 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 Main Sector Rotation Etf. Highlighted below are key reports to facilitate an investment decision about Main Sector Rotation Etf:Check out Main Sector Correlation, Main Sector Volatility and Main Sector Alpha and Beta module to complement your research on Main Sector. Note that the Main Sector Rotation information on this page should be used as a complementary analysis to other Main Sector'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Main Sector 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.