Principal Capital Appreciation Etf Market Value
| LCAP Etf | USD 26.96 0.02 0.07% |
| Symbol | Principal |
The market value of Principal Capital is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Capital's value that differs from its market value or its book value, called intrinsic value, which is Principal Capital'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 Principal Capital's market value can be influenced by many factors that don't directly affect Principal Capital'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 Principal Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Capital'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.
Principal Capital '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 Principal Capital'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 Principal Capital.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Principal Capital on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Principal Capital Appreciation or generate 0.0% return on investment in Principal Capital over 90 days. Principal Capital is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. Lionheart Acquisition Corporation II does not have significant operations More
Principal Capital 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 Principal Capital'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 Principal Capital Appreciation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7756 | |||
| Information Ratio | 0.034 | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.49 |
Principal Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Capital's standard deviation. In reality, there are many statistical measures that can use Principal Capital historical prices to predict the future Principal Capital's volatility.| Risk Adjusted Performance | 0.1904 | |||
| Jensen Alpha | 0.1774 | |||
| Total Risk Alpha | 0.0406 | |||
| Sortino Ratio | 0.0373 | |||
| Treynor Ratio | (1.79) |
Principal Capital Backtested Returns
Principal Capital appears to be very steady, given 3 months investment horizon. Principal Capital maintains Sharpe Ratio (i.e., Efficiency) of 0.3, which implies the entity had a 0.3 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Principal Capital, which you can use to evaluate the volatility of the etf. Please evaluate Principal Capital's Coefficient Of Variation of 487.04, semi deviation of 0.6045, and Risk Adjusted Performance of 0.1904 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of -0.0923, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Principal Capital are expected to decrease at a much lower rate. During the bear market, Principal Capital is likely to outperform the market.
Auto-correlation | 0.87 |
Very good predictability
Principal Capital Appreciation has very good predictability. Overlapping area represents the amount of predictability between Principal Capital time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Principal Capital price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Principal Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Principal Capital lagged returns against current returns
Autocorrelation, which is Principal Capital 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 Principal Capital's etf expected returns. We can calculate the autocorrelation of Principal Capital returns to help us make a trade decision. For example, suppose you find that Principal Capital 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 |
Principal Capital 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 Principal Capital etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Capital etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Capital etf over time.
Current vs Lagged Prices |
| Timeline |
Principal Capital Lagged Returns
When evaluating Principal Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Capital etf have on its future price. Principal Capital 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, Principal Capital autocorrelation shows the relationship between Principal Capital etf current value and its past values and can show if there is a momentum factor associated with investing in Principal Capital Appreciation.
Regressed Prices |
| Timeline |
Pair Trading with Principal Capital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Principal Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Principal Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Principal Etf
| 0.92 | JPST | JPMorgan Ultra Short | PairCorr |
| 0.98 | INTL | Main International ETF | PairCorr |
| 0.96 | EMC | Global X Funds | PairCorr |
Moving against Principal Etf
| 0.95 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.95 | VXX | iPath Series B | PairCorr |
| 0.71 | HUM | Humana Inc | PairCorr |
| 0.57 | KO | Coca Cola Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Principal Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Principal Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Principal Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Principal Capital Appreciation to buy it.
The correlation of Principal Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Principal Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Principal Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Principal Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Principal Capital Correlation, Principal Capital Volatility and Principal Capital Alpha and Beta module to complement your research on Principal Capital. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Principal Capital 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.