Ab High Dividend Etf Market Value
| HIDV Etf | 74.94 0.37 0.50% |
| Symbol | HIDV |
The market value of AB High Dividend is measured differently than its book value, which is the value of HIDV that is recorded on the company's balance sheet. Investors also form their own opinion of AB High's value that differs from its market value or its book value, called intrinsic value, which is AB High'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 AB High's market value can be influenced by many factors that don't directly affect AB High'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 AB High's value and its price as these two are different measures arrived at by different means. Investors typically determine if AB High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AB High'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.
AB High '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 AB High'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 AB High.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in AB High on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding AB High Dividend or generate 0.0% return on investment in AB High over 720 days. AB High is related to or competes with AB Low, AB Disruptors, AB Ultra, and Ab Tax. AB High is entity of United States. It is traded as Etf on NYSE ARCA exchange. More
AB High 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 AB High'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 AB High Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7444 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.48 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 0.919 |
AB High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AB High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AB High's standard deviation. In reality, there are many statistical measures that can use AB High historical prices to predict the future AB High's volatility.| Risk Adjusted Performance | 0.1185 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1255 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AB High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
AB High Dividend Backtested Returns
At this stage we consider HIDV Etf to be very steady. AB High Dividend retains Efficiency (Sharpe Ratio) of 0.2, which signifies that the etf had a 0.2% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for AB High, which you can use to evaluate the volatility of the entity. Please confirm AB High's Coefficient Of Variation of 640.63, market risk adjusted performance of 0.1355, and Standard Deviation of 0.7072 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The entity owns a Beta (Systematic Risk) of 0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AB High's returns are expected to increase less than the market. However, during the bear market, the loss of holding AB High is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
AB High Dividend has good predictability. Overlapping area represents the amount of predictability between AB High time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 AB High Dividend price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current AB High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 16.19 |
AB High Dividend lagged returns against current returns
Autocorrelation, which is AB High 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 AB High's etf expected returns. We can calculate the autocorrelation of AB High returns to help us make a trade decision. For example, suppose you find that AB High 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 |
AB High 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 AB High etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AB High etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AB High etf over time.
Current vs Lagged Prices |
| Timeline |
AB High Lagged Returns
When evaluating AB High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AB High etf have on its future price. AB High 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, AB High autocorrelation shows the relationship between AB High etf current value and its past values and can show if there is a momentum factor associated with investing in AB High Dividend.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out AB High Correlation, AB High Volatility and AB High Alpha and Beta module to complement your research on AB High. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
AB High 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.