Iq Healthy Hearts Etf Market Value
| HART Etf | USD 31.66 0.29 0.92% |
| Symbol | HART |
The market value of IQ Healthy Hearts is measured differently than its book value, which is the value of HART that is recorded on the company's balance sheet. Investors also form their own opinion of IQ Healthy's value that differs from its market value or its book value, called intrinsic value, which is IQ Healthy'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 IQ Healthy's market value can be influenced by many factors that don't directly affect IQ Healthy'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 IQ Healthy's value and its price as these two are different measures arrived at by different means. Investors typically determine if IQ Healthy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IQ Healthy'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.
IQ Healthy '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 IQ Healthy'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 IQ Healthy.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in IQ Healthy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding IQ Healthy Hearts or generate 0.0% return on investment in IQ Healthy over 30 days. IQ Healthy is related to or competes with Global X, Global X, Global X, and Global X. The fund employs a passive management - or indexing - investment approach designed to track the performance of the index... More
IQ Healthy 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 IQ Healthy'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 IQ Healthy Hearts upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 2.5 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 0.7079 |
IQ Healthy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IQ Healthy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IQ Healthy's standard deviation. In reality, there are many statistical measures that can use IQ Healthy historical prices to predict the future IQ Healthy's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.16) |
IQ Healthy Hearts Backtested Returns
IQ Healthy Hearts retains Efficiency (Sharpe Ratio) of -0.15, which attests that the entity had a -0.15% return per unit of price deviation over the last 3 months. IQ Healthy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IQ Healthy's Information Ratio of (0.34), coefficient of variation of (896.40), and Market Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IQ Healthy's returns are expected to increase less than the market. However, during the bear market, the loss of holding IQ Healthy is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
IQ Healthy Hearts has modest predictability. Overlapping area represents the amount of predictability between IQ Healthy time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 IQ Healthy Hearts price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current IQ Healthy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
IQ Healthy Hearts lagged returns against current returns
Autocorrelation, which is IQ Healthy 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 IQ Healthy's etf expected returns. We can calculate the autocorrelation of IQ Healthy returns to help us make a trade decision. For example, suppose you find that IQ Healthy 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 |
IQ Healthy 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 IQ Healthy etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IQ Healthy etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IQ Healthy etf over time.
Current vs Lagged Prices |
| Timeline |
IQ Healthy Lagged Returns
When evaluating IQ Healthy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IQ Healthy etf have on its future price. IQ Healthy 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, IQ Healthy autocorrelation shows the relationship between IQ Healthy etf current value and its past values and can show if there is a momentum factor associated with investing in IQ Healthy Hearts.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out IQ Healthy Correlation, IQ Healthy Volatility and IQ Healthy Alpha and Beta module to complement your research on IQ Healthy. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
IQ Healthy 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.