Htek It's market value is the price at which a share of Htek It trades on a public exchange. It measures the collective expectations of Htek It investors about its performance. Htek It is trading at 54.41 as of the 25th of November 2024, a 0.65 percent increase since the beginning of the trading day. The etf's open price was 54.06. With this module, you can estimate the performance of a buy and hold strategy of Htek It and determine expected loss or profit from investing in Htek It over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Htek
Htek It '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 Htek It'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 Htek It.
0.00
10/26/2024
No Change 0.00
0.0
In 30 days
11/25/2024
0.00
If you would invest 0.00 in Htek It on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Htek It or generate 0.0% return on investment in Htek It over 30 days.
Htek It 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 Htek It'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 Htek It upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Htek It's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Htek It's standard deviation. In reality, there are many statistical measures that can use Htek It historical prices to predict the future Htek It's volatility.
Htek It holds Efficiency (Sharpe) Ratio of -0.0362, which attests that the entity had a -0.0362% return per unit of risk over the last 3 months. Htek It exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Htek It's Market Risk Adjusted Performance of (0.19), risk adjusted performance of (0.02), and Standard Deviation of 1.47 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Htek It's returns are expected to increase less than the market. However, during the bear market, the loss of holding Htek It is expected to be smaller as well.
Auto-correlation
-0.79
Almost perfect reverse predictability
Htek It has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Htek It 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 Htek It price movement. The serial correlation of -0.79 indicates that around 79.0% of current Htek It price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.79
Spearman Rank Test
-0.18
Residual Average
0.0
Price Variance
2.08
Htek It lagged returns against current returns
Autocorrelation, which is Htek It 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 Htek It's etf expected returns. We can calculate the autocorrelation of Htek It returns to help us make a trade decision. For example, suppose you find that Htek It 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
Htek It 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 Htek It etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Htek It etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Htek It etf over time.
Current vs Lagged Prices
Timeline
Htek It Lagged Returns
When evaluating Htek It's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Htek It etf have on its future price. Htek It 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, Htek It autocorrelation shows the relationship between Htek It etf current value and its past values and can show if there is a momentum factor associated with investing in Htek It.
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.