Horizon Kinetics Medical Etf Market Value
| MEDX Etf | 27.41 0.32 1.18% |
| Symbol | Horizon |
The market value of Horizon Kinetics Medical is measured differently than its book value, which is the value of Horizon that is recorded on the company's balance sheet. Investors also form their own opinion of Horizon Kinetics' value that differs from its market value or its book value, called intrinsic value, which is Horizon Kinetics' 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 Horizon Kinetics' market value can be influenced by many factors that don't directly affect Horizon Kinetics' 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 Horizon Kinetics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Kinetics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Kinetics' 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.
Horizon Kinetics '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 Horizon Kinetics' 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 Horizon Kinetics.
| 11/01/2024 |
| 01/30/2025 |
If you would invest 0.00 in Horizon Kinetics on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Horizon Kinetics Medical or generate 0.0% return on investment in Horizon Kinetics over 90 days. Horizon Kinetics is related to or competes with Harbor Health, Myriad Genetics, and Genenta Science. More
Horizon Kinetics 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 Horizon Kinetics' 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 Horizon Kinetics Medical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 4.17 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.41 |
Horizon Kinetics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Kinetics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Kinetics' standard deviation. In reality, there are many statistical measures that can use Horizon Kinetics historical prices to predict the future Horizon Kinetics' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Horizon Kinetics' 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.
Horizon Kinetics Medical Backtested Returns
Horizon Kinetics Medical holds Efficiency (Sharpe) Ratio of -0.0695, which attests that the entity had a -0.0695 % return per unit of risk over the last 3 months. Horizon Kinetics Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Horizon Kinetics' Risk Adjusted Performance of (0.06), standard deviation of 1.05, and Market Risk Adjusted Performance of (0.28) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Horizon Kinetics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Horizon Kinetics is expected to be smaller as well.
Auto-correlation | -0.02 |
Very weak reverse predictability
Horizon Kinetics Medical has very weak reverse predictability. Overlapping area represents the amount of predictability between Horizon Kinetics time series from 1st of November 2024 to 16th of December 2024 and 16th of December 2024 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Horizon Kinetics Medical price movement. The serial correlation of -0.02 indicates that only 2.0% of current Horizon Kinetics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Horizon Kinetics Medical lagged returns against current returns
Autocorrelation, which is Horizon Kinetics 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 Horizon Kinetics' etf expected returns. We can calculate the autocorrelation of Horizon Kinetics returns to help us make a trade decision. For example, suppose you find that Horizon Kinetics 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 |
Horizon Kinetics 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 Horizon Kinetics etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Kinetics etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Kinetics etf over time.
Current vs Lagged Prices |
| Timeline |
Horizon Kinetics Lagged Returns
When evaluating Horizon Kinetics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Kinetics etf have on its future price. Horizon Kinetics 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, Horizon Kinetics autocorrelation shows the relationship between Horizon Kinetics etf current value and its past values and can show if there is a momentum factor associated with investing in Horizon Kinetics Medical.
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 Horizon Kinetics Medical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horizon Kinetics' 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 Horizon Kinetics Medical Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Horizon Kinetics Medical Etf:Check out Horizon Kinetics Correlation, Horizon Kinetics Volatility and Horizon Kinetics Alpha and Beta module to complement your research on Horizon Kinetics. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Horizon Kinetics 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.