Tech Innovators Yield Etf Market Value
| YMAG Etf | 19.50 0.19 0.96% |
| Symbol | Tech |
Please note, there is a significant difference between Tech Innovators' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tech Innovators is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tech Innovators' 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.
Tech Innovators '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 Tech Innovators' 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 Tech Innovators.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Tech Innovators on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Tech Innovators Yield or generate 0.0% return on investment in Tech Innovators over 90 days. Tech Innovators is related to or competes with Tech Leaders, NBI High, NBI Unconstrained, Mackenzie Developed, and BMO Short. Tech Innovators is entity of Canada. It is traded as Etf on NEO exchange. More
Tech Innovators 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 Tech Innovators' 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 Tech Innovators Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.1921 | |||
| Maximum Drawdown | 7.91 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 4.27 |
Tech Innovators Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tech Innovators' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tech Innovators' standard deviation. In reality, there are many statistical measures that can use Tech Innovators historical prices to predict the future Tech Innovators' volatility.| Risk Adjusted Performance | 0.2628 | |||
| Jensen Alpha | 0.4358 | |||
| Total Risk Alpha | 0.2154 | |||
| Sortino Ratio | 0.2183 | |||
| Treynor Ratio | 2.1 |
Tech Innovators Yield Backtested Returns
Tech Innovators appears to be out of control, given 3 months investment horizon. Tech Innovators Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.29, which indicates the etf had a 0.29 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tech Innovators Yield, which you can use to evaluate the volatility of the etf. Please review Tech Innovators' Semi Deviation of 1.06, risk adjusted performance of 0.2628, and Coefficient Of Variation of 360.92 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tech Innovators' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tech Innovators is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Tech Innovators Yield has very good predictability. Overlapping area represents the amount of predictability between Tech Innovators 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 Tech Innovators Yield price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Tech Innovators price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Tech Innovators Yield lagged returns against current returns
Autocorrelation, which is Tech Innovators 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 Tech Innovators' etf expected returns. We can calculate the autocorrelation of Tech Innovators returns to help us make a trade decision. For example, suppose you find that Tech Innovators 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 |
Tech Innovators 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 Tech Innovators etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tech Innovators etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tech Innovators etf over time.
Current vs Lagged Prices |
| Timeline |
Tech Innovators Lagged Returns
When evaluating Tech Innovators' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tech Innovators etf have on its future price. Tech Innovators 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, Tech Innovators autocorrelation shows the relationship between Tech Innovators etf current value and its past values and can show if there is a momentum factor associated with investing in Tech Innovators Yield.
Regressed Prices |
| Timeline |
Pair Trading with Tech Innovators
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 Tech Innovators 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 Tech Innovators will appreciate offsetting losses from the drop in the long position's value.Moving together with Tech Etf
Moving against Tech Etf
The ability to find closely correlated positions to Tech Innovators could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tech Innovators 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 Tech Innovators - 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 Tech Innovators Yield to buy it.
The correlation of Tech Innovators 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 Tech Innovators moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tech Innovators Yield 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 Tech Innovators 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.Other Information on Investing in Tech Etf
Tech Innovators financial ratios help investors to determine whether Tech Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tech with respect to the benefits of owning Tech Innovators security.