Even Herd Long Etf Market Value
| EHLS Etf | 23.38 0.18 0.78% |
| Symbol | Even |
The market value of Even Herd Long is measured differently than its book value, which is the value of Even that is recorded on the company's balance sheet. Investors also form their own opinion of Even Herd's value that differs from its market value or its book value, called intrinsic value, which is Even Herd'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 Even Herd's market value can be influenced by many factors that don't directly affect Even Herd'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 Even Herd's value and its price as these two are different measures arrived at by different means. Investors typically determine if Even Herd is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Even Herd'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.
Even Herd '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 Even Herd'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 Even Herd.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Even Herd on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Even Herd Long or generate 0.0% return on investment in Even Herd over 30 days. Even Herd is related to or competes with Tidal Trust, ProShares Merger, Simplify Exchange, Tuttle Capital, First Trust, WisdomTree Managed, and Simplify Exchange. Even Herd is entity of United States. It is traded as Etf on NASDAQ exchange. More
Even Herd 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 Even Herd'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 Even Herd Long upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6914 | |||
| Information Ratio | 0.0807 | |||
| Maximum Drawdown | 3.8 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.51 |
Even Herd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Even Herd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Even Herd's standard deviation. In reality, there are many statistical measures that can use Even Herd historical prices to predict the future Even Herd's volatility.| Risk Adjusted Performance | 0.1857 | |||
| Jensen Alpha | 0.1046 | |||
| Total Risk Alpha | 0.0539 | |||
| Sortino Ratio | 0.0999 | |||
| Treynor Ratio | 0.2726 |
Even Herd Long Backtested Returns
Even Herd appears to be very steady, given 3 months investment horizon. Even Herd Long secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the etf had a 0.25% return per unit of risk over the last 3 months. We have found thirty technical indicators for Even Herd Long, which you can use to evaluate the volatility of the entity. Please utilize Even Herd's Mean Deviation of 0.6939, downside deviation of 0.6914, and Coefficient Of Variation of 413.92 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.72, which means possible diversification benefits within a given portfolio. As returns on the market increase, Even Herd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Even Herd is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Even Herd Long has very good predictability. Overlapping area represents the amount of predictability between Even Herd time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Even Herd Long price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Even Herd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Even Herd Long lagged returns against current returns
Autocorrelation, which is Even Herd 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 Even Herd's etf expected returns. We can calculate the autocorrelation of Even Herd returns to help us make a trade decision. For example, suppose you find that Even Herd 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 |
Even Herd 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 Even Herd etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Even Herd etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Even Herd etf over time.
Current vs Lagged Prices |
| Timeline |
Even Herd Lagged Returns
When evaluating Even Herd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Even Herd etf have on its future price. Even Herd 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, Even Herd autocorrelation shows the relationship between Even Herd etf current value and its past values and can show if there is a momentum factor associated with investing in Even Herd Long.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Even Herd Correlation, Even Herd Volatility and Even Herd Alpha and Beta module to complement your research on Even Herd. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Even Herd 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.