Level Four Large Etf Market Value
| LGRO Etf | 33.06 0.63 1.94% |
| Symbol | Level |
The market value of Level Four Large is measured differently than its book value, which is the value of Level that is recorded on the company's balance sheet. Investors also form their own opinion of Level Four's value that differs from its market value or its book value, called intrinsic value, which is Level Four'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 Level Four's market value can be influenced by many factors that don't directly affect Level Four'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 Level Four's value and its price as these two are different measures arrived at by different means. Investors typically determine if Level Four is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Level Four'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.
Level Four '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 Level Four'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 Level Four.
| 11/06/2024 |
| 05/05/2025 |
If you would invest 0.00 in Level Four on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding Level Four Large or generate 0.0% return on investment in Level Four over 180 days. Level Four is related to or competes with FT Vest, Northern Lights, Dimensional International, JPMorgan Fundamental, Matthews China, Davis Select, and Dimensional ETF. Level Four is entity of United States. It is traded as Etf on NASDAQ exchange. More
Level Four 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 Level Four'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 Level Four Large upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 16.04 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.04 |
Level Four Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Level Four's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Level Four's standard deviation. In reality, there are many statistical measures that can use Level Four historical prices to predict the future Level Four's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | 0.0309 | |||
| Total Risk Alpha | 0.0431 | |||
| Treynor Ratio | (0.09) |
Level Four Large Backtested Returns
Level Four Large has Sharpe Ratio of -0.0476, which conveys that the entity had a -0.0476 % return per unit of risk over the last 3 months. Level Four exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Level Four's Mean Deviation of 1.57, risk adjusted performance of (0.08), and Standard Deviation of 2.43 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 1.37, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Level Four will likely underperform.
Auto-correlation | -0.5 |
Modest reverse predictability
Level Four Large has modest reverse predictability. Overlapping area represents the amount of predictability between Level Four time series from 6th of November 2024 to 4th of February 2025 and 4th of February 2025 to 5th of May 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 Level Four Large price movement. The serial correlation of -0.5 indicates that about 50.0% of current Level Four price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 5.3 |
Level Four Large lagged returns against current returns
Autocorrelation, which is Level Four 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 Level Four's etf expected returns. We can calculate the autocorrelation of Level Four returns to help us make a trade decision. For example, suppose you find that Level Four 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 |
Level Four 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 Level Four etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Level Four etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Level Four etf over time.
Current vs Lagged Prices |
| Timeline |
Level Four Lagged Returns
When evaluating Level Four's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Level Four etf have on its future price. Level Four 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, Level Four autocorrelation shows the relationship between Level Four etf current value and its past values and can show if there is a momentum factor associated with investing in Level Four Large.
Regressed Prices |
| Timeline |
Pair Trading with Level Four
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 Level Four 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 Level Four will appreciate offsetting losses from the drop in the long position's value.Moving together with Level Etf
| 0.99 | VUG | Vanguard Growth Index | PairCorr |
| 1.0 | IWF | iShares Russell 1000 | PairCorr |
| 0.99 | IVW | iShares SP 500 | PairCorr |
| 0.99 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.99 | IUSG | iShares Core SP | PairCorr |
Moving against Level Etf
The ability to find closely correlated positions to Level Four could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Level Four 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 Level Four - 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 Level Four Large to buy it.
The correlation of Level Four 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 Level Four moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Level Four Large 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 Level Four 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 Level Four Correlation, Level Four Volatility and Level Four Alpha and Beta module to complement your research on Level Four. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Level Four 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.