Haoxi Health Technology Etf Market Value
| HAO Etf | USD 0.25 0.02 8.70% |
| Symbol | Haoxi |
The market value of Haoxi Health Technology is measured differently than its book value, which is the value of Haoxi that is recorded on the company's balance sheet. Investors also form their own opinion of Haoxi Health's value that differs from its market value or its book value, called intrinsic value, which is Haoxi Health'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 Haoxi Health's market value can be influenced by many factors that don't directly affect Haoxi Health'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 Haoxi Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Haoxi Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Haoxi Health'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.
Haoxi Health '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 Haoxi Health'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 Haoxi Health.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Haoxi Health on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Haoxi Health Technology or generate 0.0% return on investment in Haoxi Health over 30 days. Haoxi Health is related to or competes with Ziff Davis, Cheer Holding, IClick Interactive, Nexxen International, Airnet Technology, Steel Connect, and Star Fashion. The investment seeks to track the investment results of the AlphaShares China Small Cap Index More
Haoxi Health 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 Haoxi Health'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 Haoxi Health Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 88.32 | |||
| Value At Risk | (20.51) | |||
| Potential Upside | 11.28 |
Haoxi Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Haoxi Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haoxi Health's standard deviation. In reality, there are many statistical measures that can use Haoxi Health historical prices to predict the future Haoxi Health's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (2.55) | |||
| Total Risk Alpha | (4.28) | |||
| Treynor Ratio | 0.9354 |
Haoxi Health Technology Backtested Returns
Haoxi Health Technology holds Efficiency (Sharpe) Ratio of -0.22, which attests that the entity had a -0.22% return per unit of risk over the last 3 months. Haoxi Health Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Haoxi Health's Risk Adjusted Performance of (0.15), market risk adjusted performance of 0.9454, and Standard Deviation of 12.97 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -3.0, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Haoxi Health are expected to decrease by larger amounts. On the other hand, during market turmoil, Haoxi Health is expected to outperform it.
Auto-correlation | 0.35 |
Below average predictability
Haoxi Health Technology has below average predictability. Overlapping area represents the amount of predictability between Haoxi Health time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Haoxi Health Technology price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Haoxi Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Haoxi Health Technology lagged returns against current returns
Autocorrelation, which is Haoxi Health 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 Haoxi Health's etf expected returns. We can calculate the autocorrelation of Haoxi Health returns to help us make a trade decision. For example, suppose you find that Haoxi Health 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 |
Haoxi Health 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 Haoxi Health etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haoxi Health etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haoxi Health etf over time.
Current vs Lagged Prices |
| Timeline |
Haoxi Health Lagged Returns
When evaluating Haoxi Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haoxi Health etf have on its future price. Haoxi Health 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, Haoxi Health autocorrelation shows the relationship between Haoxi Health etf current value and its past values and can show if there is a momentum factor associated with investing in Haoxi Health Technology.
Regressed Prices |
| Timeline |
Pair Trading with Haoxi Health
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 Haoxi Health 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 Haoxi Health will appreciate offsetting losses from the drop in the long position's value.Moving against Haoxi Etf
| 0.87 | SE | Sea | PairCorr |
| 0.81 | TV | Grupo Televisa SAB | PairCorr |
| 0.77 | CHR | Cheer Holding | PairCorr |
| 0.64 | BOC | Boston Omaha Corp | PairCorr |
| 0.63 | CURIW | CuriosityStream | PairCorr |
The ability to find closely correlated positions to Haoxi Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haoxi Health 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 Haoxi Health - 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 Haoxi Health Technology to buy it.
The correlation of Haoxi Health 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 Haoxi Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haoxi Health Technology 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 Haoxi Health 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.Other Information on Investing in Haoxi Etf
Haoxi Health financial ratios help investors to determine whether Haoxi Etf 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 Haoxi with respect to the benefits of owning Haoxi Health security.