Harvest Fund (China) Market Value
| 508098 Stock | 2.61 0.01 0.38% |
| Symbol | Harvest |
Please note, there is a significant difference between Harvest Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harvest Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harvest Fund'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.
Harvest Fund '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 Harvest Fund's stock 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 Harvest Fund.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Harvest Fund on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Harvest Fund Management or generate 0.0% return on investment in Harvest Fund over 450 days. Harvest Fund is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, PetroChina, China Construction, and Bank of China. Harvest Fund is entity of China. It is traded as Stock on SHG exchange. More
Harvest Fund 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 Harvest Fund's stock 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 Harvest Fund Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 2.65 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 0.7692 |
Harvest Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harvest Fund's standard deviation. In reality, there are many statistical measures that can use Harvest Fund historical prices to predict the future Harvest Fund's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.6725 |
Harvest Fund Management Backtested Returns
Harvest Fund Management holds Efficiency (Sharpe) Ratio of -0.0658, which attests that the entity had a -0.0658% return per unit of risk over the last 3 months. Harvest Fund Management exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harvest Fund's Risk Adjusted Performance of (0.06), market risk adjusted performance of 0.6825, and Standard Deviation of 0.5632 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0803, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Harvest Fund are expected to decrease at a much lower rate. During the bear market, Harvest Fund is likely to outperform the market. At this point, Harvest Fund Management has a negative expected return of -0.0374%. Please make sure to check out Harvest Fund's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Harvest Fund Management performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Harvest Fund Management has good predictability. Overlapping area represents the amount of predictability between Harvest Fund time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Harvest Fund Management price movement. The serial correlation of 0.77 indicates that around 77.0% of current Harvest Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Harvest Fund Management lagged returns against current returns
Autocorrelation, which is Harvest Fund stock'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 Harvest Fund's stock expected returns. We can calculate the autocorrelation of Harvest Fund returns to help us make a trade decision. For example, suppose you find that Harvest Fund has exhibited high autocorrelation historically, and you observe that the stock 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 |
Harvest Fund 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 Harvest Fund stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harvest Fund stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harvest Fund stock over time.
Current vs Lagged Prices |
| Timeline |
Harvest Fund Lagged Returns
When evaluating Harvest Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harvest Fund stock have on its future price. Harvest Fund 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, Harvest Fund autocorrelation shows the relationship between Harvest Fund stock current value and its past values and can show if there is a momentum factor associated with investing in Harvest Fund Management.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Harvest Stock
Harvest Fund financial ratios help investors to determine whether Harvest Stock 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 Harvest with respect to the benefits of owning Harvest Fund security.