Harbor Dividend Growth Etf Market Value
| GDIV Etf | USD 15.55 0.07 0.45% |
| Symbol | Harbor |
The market value of Harbor Dividend Growth is measured differently than its book value, which is the value of Harbor that is recorded on the company's balance sheet. Investors also form their own opinion of Harbor Dividend's value that differs from its market value or its book value, called intrinsic value, which is Harbor Dividend'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 Harbor Dividend's market value can be influenced by many factors that don't directly affect Harbor Dividend'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 Harbor Dividend's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harbor Dividend is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harbor Dividend'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.
Harbor Dividend '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 Harbor Dividend'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 Harbor Dividend.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Harbor Dividend on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Harbor Dividend Growth or generate 0.0% return on investment in Harbor Dividend over 30 days. Harbor Dividend is related to or competes with Harbor All, Harbor Corporate, IShares International, Harbor Long, and Harbor ETF. Under normal market conditions, the fund invests at least 80 percent of its net assets, plus borrowings for investment p... More
Harbor Dividend 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 Harbor Dividend'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 Harbor Dividend Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7877 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.26 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.11 |
Harbor Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor Dividend's standard deviation. In reality, there are many statistical measures that can use Harbor Dividend historical prices to predict the future Harbor Dividend's volatility.| Risk Adjusted Performance | 0.0662 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0653 |
Harbor Dividend Growth Backtested Returns
At this stage we consider Harbor Etf to be very steady. Harbor Dividend Growth holds Efficiency (Sharpe) Ratio of 0.0744, which attests that the entity had a 0.0744% return per unit of risk over the last 3 months. We have found thirty technical indicators for Harbor Dividend Growth, which you can use to evaluate the volatility of the entity. Please check out Harbor Dividend's Market Risk Adjusted Performance of 0.0753, downside deviation of 0.7877, and Risk Adjusted Performance of 0.0662 to validate if the risk estimate we provide is consistent with the expected return of 0.0596%. The etf retains a Market Volatility (i.e., Beta) of 0.9, which attests to possible diversification benefits within a given portfolio. Harbor Dividend returns are very sensitive to returns on the market. As the market goes up or down, Harbor Dividend is expected to follow.
Auto-correlation | 0.86 |
Very good predictability
Harbor Dividend Growth has very good predictability. Overlapping area represents the amount of predictability between Harbor Dividend time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Harbor Dividend Growth price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Harbor Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Harbor Dividend Growth lagged returns against current returns
Autocorrelation, which is Harbor Dividend 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 Harbor Dividend's etf expected returns. We can calculate the autocorrelation of Harbor Dividend returns to help us make a trade decision. For example, suppose you find that Harbor Dividend 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 |
Harbor Dividend 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 Harbor Dividend etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor Dividend etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harbor Dividend etf over time.
Current vs Lagged Prices |
| Timeline |
Harbor Dividend Lagged Returns
When evaluating Harbor Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbor Dividend etf have on its future price. Harbor Dividend 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, Harbor Dividend autocorrelation shows the relationship between Harbor Dividend etf current value and its past values and can show if there is a momentum factor associated with investing in Harbor Dividend Growth.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Harbor Dividend Correlation, Harbor Dividend Volatility and Harbor Dividend Alpha and Beta module to complement your research on Harbor Dividend. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Harbor Dividend 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.