Federated Hermes Etf Market Value
| FTRB Etf | 25.22 0.10 0.40% |
| Symbol | Federated |
The market value of Federated Hermes ETF is measured differently than its book value, which is the value of Federated that is recorded on the company's balance sheet. Investors also form their own opinion of Federated Hermes' value that differs from its market value or its book value, called intrinsic value, which is Federated Hermes' 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 Federated Hermes' market value can be influenced by many factors that don't directly affect Federated Hermes' 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 Federated Hermes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Federated Hermes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Federated Hermes' 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.
Federated Hermes '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 Federated Hermes' 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 Federated Hermes.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Federated Hermes on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Federated Hermes ETF or generate 0.0% return on investment in Federated Hermes over 180 days. Federated Hermes is related to or competes with Valued Advisers, Columbia Diversified, Principal Exchange, Doubleline Etf, Virtus Newfleet, Vident Core, and PIMCO Enhanced. Federated Hermes is entity of United States More
Federated Hermes 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 Federated Hermes' 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 Federated Hermes ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.56 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.5622 |
Federated Hermes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated Hermes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated Hermes' standard deviation. In reality, there are many statistical measures that can use Federated Hermes historical prices to predict the future Federated Hermes' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.5182 |
Federated Hermes ETF Backtested Returns
Federated Hermes ETF secures Sharpe Ratio (or Efficiency) of -0.0657, which denotes the etf had a -0.0657% return per unit of risk over the last 3 months. Federated Hermes ETF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Federated Hermes' Standard Deviation of 0.3078, mean deviation of 0.2313, and Variance of 0.0948 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.0577, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Federated Hermes are expected to decrease at a much lower rate. During the bear market, Federated Hermes is likely to outperform the market.
Auto-correlation | -0.85 |
Excellent reverse predictability
Federated Hermes ETF has excellent reverse predictability. Overlapping area represents the amount of predictability between Federated Hermes time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Federated Hermes ETF price movement. The serial correlation of -0.85 indicates that around 85.0% of current Federated Hermes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Federated Hermes ETF lagged returns against current returns
Autocorrelation, which is Federated Hermes 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 Federated Hermes' etf expected returns. We can calculate the autocorrelation of Federated Hermes returns to help us make a trade decision. For example, suppose you find that Federated Hermes 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 |
Federated Hermes 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 Federated Hermes etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated Hermes etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Federated Hermes etf over time.
Current vs Lagged Prices |
| Timeline |
Federated Hermes Lagged Returns
When evaluating Federated Hermes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated Hermes etf have on its future price. Federated Hermes 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, Federated Hermes autocorrelation shows the relationship between Federated Hermes etf current value and its past values and can show if there is a momentum factor associated with investing in Federated Hermes ETF.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Federated Hermes ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Federated Hermes' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Federated Hermes Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Federated Hermes Etf:Check out Federated Hermes Correlation, Federated Hermes Volatility and Federated Hermes Alpha and Beta module to complement your research on Federated Hermes. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Federated Hermes 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.