Hcm Defender 500 Etf Market Value
| LGH Etf | USD 53.60 0.29 0.54% |
| Symbol | HCM |
The market value of HCM Defender 500 is measured differently than its book value, which is the value of HCM that is recorded on the company's balance sheet. Investors also form their own opinion of HCM Defender's value that differs from its market value or its book value, called intrinsic value, which is HCM Defender'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 HCM Defender's market value can be influenced by many factors that don't directly affect HCM Defender'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 HCM Defender's value and its price as these two are different measures arrived at by different means. Investors typically determine if HCM Defender is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HCM Defender'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.
HCM Defender '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 HCM Defender'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 HCM Defender.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in HCM Defender on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding HCM Defender 500 or generate 0.0% return on investment in HCM Defender over 720 days. HCM Defender is related to or competes with JPMorgan BetaBuilders, JPMorgan Core, JPMorgan BetaBuilders, and JPMorgan Emerging. The fund seeks to achieve its investment objective by investing at least 80 percent of its net assets, including borrowi... More
HCM Defender 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 HCM Defender'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 HCM Defender 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.0098 | |||
| Maximum Drawdown | 5.54 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.32 |
HCM Defender Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HCM Defender's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HCM Defender's standard deviation. In reality, there are many statistical measures that can use HCM Defender historical prices to predict the future HCM Defender's volatility.| Risk Adjusted Performance | 0.1088 | |||
| Jensen Alpha | 5.0E-4 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.009 | |||
| Treynor Ratio | 0.1209 |
HCM Defender 500 Backtested Returns
HCM Defender is very steady at the moment. HCM Defender 500 holds Efficiency (Sharpe) Ratio of 0.13, which attests that the etf had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for HCM Defender 500, which you can use to evaluate the volatility of the entity. Please check out HCM Defender's downside deviation of 1.1, and Semi Deviation of 0.8875 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The entity retains a Market Volatility (i.e., Beta) of 1.08, which attests to a somewhat significant risk relative to the market. HCM Defender returns are very sensitive to returns on the market. As the market goes up or down, HCM Defender is expected to follow.
Auto-correlation | 0.76 |
Good predictability
HCM Defender 500 has good predictability. Overlapping area represents the amount of predictability between HCM Defender time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 HCM Defender 500 price movement. The serial correlation of 0.76 indicates that around 76.0% of current HCM Defender price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 14.06 |
HCM Defender 500 lagged returns against current returns
Autocorrelation, which is HCM Defender 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 HCM Defender's etf expected returns. We can calculate the autocorrelation of HCM Defender returns to help us make a trade decision. For example, suppose you find that HCM Defender 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 |
HCM Defender 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 HCM Defender etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HCM Defender etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HCM Defender etf over time.
Current vs Lagged Prices |
| Timeline |
HCM Defender Lagged Returns
When evaluating HCM Defender's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HCM Defender etf have on its future price. HCM Defender 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, HCM Defender autocorrelation shows the relationship between HCM Defender etf current value and its past values and can show if there is a momentum factor associated with investing in HCM Defender 500.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether HCM Defender 500 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HCM Defender'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 Hcm Defender 500 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Hcm Defender 500 Etf:Check out HCM Defender Correlation, HCM Defender Volatility and HCM Defender Alpha and Beta module to complement your research on HCM Defender. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
HCM Defender 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.