The Hoya Capital Etf Market Value
| HOMZ Etf | USD 51.30 0.11 0.21% |
| Symbol | Hoya |
The market value of Hoya Capital is measured differently than its book value, which is the value of Hoya that is recorded on the company's balance sheet. Investors also form their own opinion of Hoya Capital's value that differs from its market value or its book value, called intrinsic value, which is Hoya Capital'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 Hoya Capital's market value can be influenced by many factors that don't directly affect Hoya Capital'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 Hoya Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hoya Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hoya Capital'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.
Hoya Capital '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 Hoya Capital'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 Hoya Capital.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Hoya Capital on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding The Hoya Capital or generate 0.0% return on investment in Hoya Capital over 180 days. Hoya Capital is related to or competes with Hoya Capital, Pacer Benchmark, Pacer Benchmark, Invesco Dynamic, and Nuveen Short. The index is a rules-based index composed of 100 companies that collectively represent the performance of the U.S More
Hoya Capital 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 Hoya Capital'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 The Hoya Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.86 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.54 |
Hoya Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hoya Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hoya Capital's standard deviation. In reality, there are many statistical measures that can use Hoya Capital historical prices to predict the future Hoya Capital's volatility.| Risk Adjusted Performance | 0.0668 | |||
| Jensen Alpha | 0.0024 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.119 |
Hoya Capital Backtested Returns
At this stage we consider Hoya Etf to be very steady. Hoya Capital holds Efficiency (Sharpe) Ratio of 0.0806, which attests that the entity had a 0.0806% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hoya Capital, which you can use to evaluate the volatility of the entity. Please check out Hoya Capital's Market Risk Adjusted Performance of 0.129, risk adjusted performance of 0.0668, and Downside Deviation of 1.01 to validate if the risk estimate we provide is consistent with the expected return of 0.0855%. The etf retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hoya Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hoya Capital is expected to be smaller as well.
Auto-correlation | -0.04 |
Very weak reverse predictability
The Hoya Capital has very weak reverse predictability. Overlapping area represents the amount of predictability between Hoya Capital time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Hoya Capital price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Hoya Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
Hoya Capital lagged returns against current returns
Autocorrelation, which is Hoya Capital 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 Hoya Capital's etf expected returns. We can calculate the autocorrelation of Hoya Capital returns to help us make a trade decision. For example, suppose you find that Hoya Capital 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 |
Hoya Capital 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 Hoya Capital etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hoya Capital etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hoya Capital etf over time.
Current vs Lagged Prices |
| Timeline |
Hoya Capital Lagged Returns
When evaluating Hoya Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hoya Capital etf have on its future price. Hoya Capital 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, Hoya Capital autocorrelation shows the relationship between Hoya Capital etf current value and its past values and can show if there is a momentum factor associated with investing in The Hoya Capital.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Hoya Capital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hoya Capital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The Hoya Capital Etf. Outlined below are crucial reports that will aid in making a well-informed decision on The Hoya Capital Etf:Check out Hoya Capital Correlation, Hoya Capital Volatility and Hoya Capital Alpha and Beta module to complement your research on Hoya Capital. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Hoya Capital 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.