Advisorshares Star Global Etf Market Value
| VEGA Etf | USD 39.33 0.42 1.06% |
| Symbol | AdvisorShares |
The market value of AdvisorShares STAR Global is measured differently than its book value, which is the value of AdvisorShares that is recorded on the company's balance sheet. Investors also form their own opinion of AdvisorShares STAR's value that differs from its market value or its book value, called intrinsic value, which is AdvisorShares STAR'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 AdvisorShares STAR's market value can be influenced by many factors that don't directly affect AdvisorShares STAR'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 AdvisorShares STAR's value and its price as these two are different measures arrived at by different means. Investors typically determine if AdvisorShares STAR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AdvisorShares STAR'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.
AdvisorShares STAR '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 AdvisorShares STAR'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 AdvisorShares STAR.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in AdvisorShares STAR on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding AdvisorShares STAR Global or generate 0.0% return on investment in AdvisorShares STAR over 90 days. AdvisorShares STAR is related to or competes with AdvisorShares Dorsey, Vident Core, WBI BullBear, and WBI BullBear. The fund is an actively managed exchange-traded fund that is primarily a fund of funds More
AdvisorShares STAR 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 AdvisorShares STAR'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 AdvisorShares STAR Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6607 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.72 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 0.7106 |
AdvisorShares STAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AdvisorShares STAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AdvisorShares STAR's standard deviation. In reality, there are many statistical measures that can use AdvisorShares STAR historical prices to predict the future AdvisorShares STAR's volatility.| Risk Adjusted Performance | 0.0335 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0286 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AdvisorShares STAR'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.
AdvisorShares STAR Global Backtested Returns
We consider AdvisorShares STAR very steady. AdvisorShares STAR Global secures Sharpe Ratio (or Efficiency) of 0.0262, which signifies that the etf had a 0.0262% return per unit of risk over the last 3 months. We have found thirty technical indicators for AdvisorShares STAR Global, which you can use to evaluate the volatility of the entity. Please confirm AdvisorShares STAR's Risk Adjusted Performance of 0.0335, mean deviation of 0.3974, and Downside Deviation of 0.6607 to double-check if the risk estimate we provide is consistent with the expected return of 0.0137%. The etf shows a Beta (market volatility) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AdvisorShares STAR's returns are expected to increase less than the market. However, during the bear market, the loss of holding AdvisorShares STAR is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
AdvisorShares STAR Global has insignificant reverse predictability. Overlapping area represents the amount of predictability between AdvisorShares STAR 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 AdvisorShares STAR Global price movement. The serial correlation of -0.2 indicates that over 20.0% of current AdvisorShares STAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
AdvisorShares STAR Global lagged returns against current returns
Autocorrelation, which is AdvisorShares STAR 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 AdvisorShares STAR's etf expected returns. We can calculate the autocorrelation of AdvisorShares STAR returns to help us make a trade decision. For example, suppose you find that AdvisorShares STAR 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 |
AdvisorShares STAR 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 AdvisorShares STAR etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AdvisorShares STAR etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AdvisorShares STAR etf over time.
Current vs Lagged Prices |
| Timeline |
AdvisorShares STAR Lagged Returns
When evaluating AdvisorShares STAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AdvisorShares STAR etf have on its future price. AdvisorShares STAR 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, AdvisorShares STAR autocorrelation shows the relationship between AdvisorShares STAR etf current value and its past values and can show if there is a momentum factor associated with investing in AdvisorShares STAR Global.
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 AdvisorShares STAR 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, AdvisorShares STAR's short interest history, or implied volatility extrapolated from AdvisorShares STAR options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether AdvisorShares STAR Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AdvisorShares STAR's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Advisorshares Star Global Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Advisorshares Star Global Etf:Check out AdvisorShares STAR Correlation, AdvisorShares STAR Volatility and AdvisorShares STAR Alpha and Beta module to complement your research on AdvisorShares STAR. Note that the AdvisorShares STAR Global information on this page should be used as a complementary analysis to other AdvisorShares STAR'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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
AdvisorShares STAR 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.