SanJac Alpha Ownership
| SJCP Etf | 25.00 0.01 0.04% |
SanJac Etf Ownership Analysis
SanJac Alpha is is formed as Regulated Investment Company in the United States. ETF is managed and operated by U.S. Bancorp Fund Services, LLC. The fund has 13 constituents across multiple sectors and instustries. The fund charges 0.65 percent management fee with a total expences of 0.65 percent of total asset. It is possible that SanJac Alpha Core etf was renamed or delisted.Sector Exposure (%)
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SanJac Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SanJac Alpha , and the less return is expected.
Investment Allocations (%)
Top Etf Constituents
| RITM-PB | Rithm Capital Corp | Preferred Stock | |
| RITM-PD | Rithm Capital Corp | Preferred Stock | |
| PMT-PA | PennyMac Mortgage Investment | Preferred Stock | |
| DX | Dynex Capital | Stock |
Pair Trading with SanJac Alpha
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 SanJac Alpha 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 SanJac Alpha will appreciate offsetting losses from the drop in the long position's value.Moving together with SanJac Etf
| 0.8 | IUSB | iShares Core Total | PairCorr |
| 0.74 | FIXD | First Trust TCW | PairCorr |
| 0.85 | FBND | Fidelity Total Bond | PairCorr |
| 0.72 | TOTL | SPDR DoubleLine Total | PairCorr |
| 0.78 | HTRB | Hartford Total Return | PairCorr |
Moving against SanJac Etf
| 0.54 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
The ability to find closely correlated positions to SanJac Alpha could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SanJac Alpha 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 SanJac Alpha - 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 SanJac Alpha Core to buy it.
The correlation of SanJac Alpha 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 SanJac Alpha moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SanJac Alpha Core 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 SanJac Alpha 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SanJac Alpha Core. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of SanJac Alpha Core is measured differently than its book value, which is the value of SanJac that is recorded on the company's balance sheet. Investors also form their own opinion of SanJac Alpha's value that differs from its market value or its book value, called intrinsic value, which is SanJac Alpha'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 SanJac Alpha's market value can be influenced by many factors that don't directly affect SanJac Alpha'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 SanJac Alpha's value and its price as these two are different measures arrived at by different means. Investors typically determine if SanJac Alpha is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SanJac Alpha'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.