Tappalpha Spy Growth Etf Market Outlook
| TSPY Etf | 24.85 0.38 1.51% |
Slightly above 61% of TappAlpha SPY's investor base is looking to short. The current sentiment regarding investing in TappAlpha SPY Growth etf implies that many traders are alarmed. TappAlpha SPY's investing sentiment can be driven by a variety of factors including economic data, TappAlpha SPY's earnings reports, geopolitical events, and overall market trends.
Comfort Level 39
Alarmed
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use TappAlpha SPY's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward TappAlpha SPY Growth.
News SentimentNeutral | Hype SentimentBearish | Insider SentimentWaiting |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding TappAlpha SPY Growth is 'Strong Hold'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell TappAlpha SPY Growth given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for TappAlpha SPY Growth, the advice is generated through an automated system that utilizes algorithms and statistical models.
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Execute TappAlpha SPY Advice
The TappAlpha recommendation should be used to complement the investment advice compiled from the current analysts' consensus on TappAlpha SPY Growth. Macroaxis does not own or have any residual interests in TappAlpha SPY Growth or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute TappAlpha SPY's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Mild | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
For the selected time horizon TappAlpha SPY Growth has a Risk Adjusted Performance of 0.0336, Jensen Alpha of (0.03), Total Risk Alpha of (0.04), Sortino Ratio of (0.06) and Treynor Ratio of 0.0293Our trade recommendation module complements current analysts and expert consensus on TappAlpha SPY Growth. It analyzes the etf potential to grow using all fundamental, technical, and market related data available at the time. Be advised to validate TappAlpha SPY one year return to validate our buy or sell recommendation.
TappAlpha SPY thematic classifications
 | Buywrite ETFsUSA ETFs from Buywrite clasification | |
| Strategy ETFsUSA ETFs from Strategy clasification |
TappAlpha SPY Returns Distribution Density
The distribution of TappAlpha SPY's historical returns is an attempt to chart the uncertainty of TappAlpha SPY's future price movements. The chart of the probability distribution of TappAlpha SPY daily returns describes the distribution of returns around its average expected value. We use TappAlpha SPY Growth price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of TappAlpha SPY returns is essential to provide solid investment analysis for TappAlpha SPY.
| Mean Return | 0.03 | Value At Risk | -1.42 | Potential Upside | 1.21 | Standard Deviation | 0.77 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of TappAlpha SPY historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
TappAlpha SPY Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to TappAlpha SPY or Derivative Income sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that TappAlpha SPY's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a TappAlpha etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.77 | |
σ | Overall volatility | 0.76 | |
Ir | Information ratio | -0.06 |
TappAlpha SPY Volatility Alert
TappAlpha SPY Growth has low volatility with Treynor Ratio of 0.03, Maximum Drawdown of 3.78 and kurtosis of 0.71. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure TappAlpha SPY's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact TappAlpha SPY's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.TappAlpha SPY Fundamentals Vs Peers
Comparing TappAlpha SPY's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze TappAlpha SPY's direct or indirect competition across all of the common fundamentals between TappAlpha SPY and the related equities. This way, we can detect undervalued stocks with similar characteristics as TappAlpha SPY or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of TappAlpha SPY's fundamental indicators could also be used in its relative valuation, which is a method of valuing TappAlpha SPY by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare TappAlpha SPY to competition |
| Fundamentals | TappAlpha SPY | Peer Average |
| One Year Return | 14.30 % | (0.97) % |
TappAlpha SPY Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as TappAlpha . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 24.85 | |||
| Day Typical Price | 24.85 | |||
| Price Action Indicator | (0.19) | |||
| Period Momentum Indicator | (0.38) |
About TappAlpha SPY Buy or Sell Advice
When is the right time to buy or sell TappAlpha SPY Growth? Buying financial instruments such as TappAlpha Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having TappAlpha SPY in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Climate Change Thematic Idea Now
Climate Change
Large and medium sized entities that are committing to fully or partially replace some traditional services or products with renewables sources of energy in order to combat global climate change. The Climate Change theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Climate Change Theme or any other thematic opportunities.
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Check out TappAlpha SPY Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of TappAlpha SPY Growth is measured differently than its book value, which is the value of TappAlpha that is recorded on the company's balance sheet. Investors also form their own opinion of TappAlpha SPY's value that differs from its market value or its book value, called intrinsic value, which is TappAlpha SPY'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 TappAlpha SPY's market value can be influenced by many factors that don't directly affect TappAlpha SPY'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 TappAlpha SPY's value and its price as these two are different measures arrived at by different means. Investors typically determine if TappAlpha SPY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, TappAlpha SPY's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.