Harvest Diversified Monthly Etf Market Value
| HDIF Etf | 9.13 0.04 0.44% |
| Symbol | Harvest |
Harvest Diversified '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 Harvest Diversified'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 Harvest Diversified.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Harvest Diversified on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Harvest Diversified Monthly or generate 0.0% return on investment in Harvest Diversified over 720 days. Harvest Diversified is related to or competes with Global X, Global X, Global X, and Global X. Harvest Diversified is entity of Canada. It is traded as Etf on TO exchange. More
Harvest Diversified 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 Harvest Diversified'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 Harvest Diversified Monthly upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6395 | |||
| Information Ratio | 0.0226 | |||
| Maximum Drawdown | 3.64 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 1.3 |
Harvest Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harvest Diversified's standard deviation. In reality, there are many statistical measures that can use Harvest Diversified historical prices to predict the future Harvest Diversified's volatility.| Risk Adjusted Performance | 0.1559 | |||
| Jensen Alpha | 0.096 | |||
| Total Risk Alpha | 0.0236 | |||
| Sortino Ratio | 0.0255 | |||
| Treynor Ratio | 0.403 |
Harvest Diversified Backtested Returns
As of now, Harvest Etf is very steady. Harvest Diversified holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for Harvest Diversified, which you can use to evaluate the volatility of the entity. Please check out Harvest Diversified's Downside Deviation of 0.6395, market risk adjusted performance of 0.413, and Risk Adjusted Performance of 0.1559 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The etf retains a Market Volatility (i.e., Beta) of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Harvest Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harvest Diversified is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Harvest Diversified Monthly has insignificant reverse predictability. Overlapping area represents the amount of predictability between Harvest Diversified time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Harvest Diversified price movement. The serial correlation of -0.17 indicates that over 17.0% of current Harvest Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Harvest Diversified lagged returns against current returns
Autocorrelation, which is Harvest Diversified 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 Harvest Diversified's etf expected returns. We can calculate the autocorrelation of Harvest Diversified returns to help us make a trade decision. For example, suppose you find that Harvest Diversified 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 |
Harvest Diversified 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 Harvest Diversified etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harvest Diversified etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harvest Diversified etf over time.
Current vs Lagged Prices |
| Timeline |
Harvest Diversified Lagged Returns
When evaluating Harvest Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harvest Diversified etf have on its future price. Harvest Diversified 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, Harvest Diversified autocorrelation shows the relationship between Harvest Diversified etf current value and its past values and can show if there is a momentum factor associated with investing in Harvest Diversified Monthly.
Regressed Prices |
| Timeline |
Pair Trading with Harvest Diversified
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 Harvest Diversified 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 Harvest Diversified will appreciate offsetting losses from the drop in the long position's value.Moving together with Harvest Etf
| 0.91 | HCAL | Hamilton Enhanced | PairCorr |
| 0.94 | PFLS | Picton Mahoney Fortified | PairCorr |
| 0.82 | HAC | Global X Seasonal | PairCorr |
| 0.66 | ARB | Accelerate Arbitrage | PairCorr |
| 0.91 | PHE | Purpose Tactical Hedged | PairCorr |
The ability to find closely correlated positions to Harvest Diversified could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harvest Diversified 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 Harvest Diversified - 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 Harvest Diversified Monthly to buy it.
The correlation of Harvest Diversified 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 Harvest Diversified moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harvest Diversified 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 Harvest Diversified 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 Harvest Etf
Harvest Diversified financial ratios help investors to determine whether Harvest 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 Harvest with respect to the benefits of owning Harvest Diversified security.