Lha Market State Etf Market Value
| MSVX Etf | USD 21.89 0.23 1.06% |
| Symbol | LHA |
The market value of LHA Market State is measured differently than its book value, which is the value of LHA that is recorded on the company's balance sheet. Investors also form their own opinion of LHA Market's value that differs from its market value or its book value, called intrinsic value, which is LHA Market'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 LHA Market's market value can be influenced by many factors that don't directly affect LHA Market'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 LHA Market's value and its price as these two are different measures arrived at by different means. Investors typically determine if LHA Market is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LHA Market'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.
LHA Market '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 LHA Market'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 LHA Market.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in LHA Market on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding LHA Market State or generate 0.0% return on investment in LHA Market over 30 days. LHA Market is related to or competes with ETF Series, Northern Lights, Innovator Nasdaq, Tidal ETF, and Innovator Nasdaq. The fund is an actively-managed exchange-traded fund and seeks to achieve its objective principally by investing long or... More
LHA Market 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 LHA Market'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 LHA Market State upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 2.44 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.3827 |
LHA Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LHA Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LHA Market's standard deviation. In reality, there are many statistical measures that can use LHA Market historical prices to predict the future LHA Market's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (1.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LHA Market'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.
LHA Market State Backtested Returns
LHA Market State retains Efficiency (Sharpe Ratio) of -0.22, which conveys that the entity had a -0.22% return per unit of return volatility over the last 3 months. LHA Market exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LHA Market's Market Risk Adjusted Performance of (1.10), mean deviation of 0.304, and Standard Deviation of 0.493 to check out the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LHA Market's returns are expected to increase less than the market. However, during the bear market, the loss of holding LHA Market is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
LHA Market State has good predictability. Overlapping area represents the amount of predictability between LHA Market time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 LHA Market State price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current LHA Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
LHA Market State lagged returns against current returns
Autocorrelation, which is LHA Market 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 LHA Market's etf expected returns. We can calculate the autocorrelation of LHA Market returns to help us make a trade decision. For example, suppose you find that LHA Market 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 |
LHA Market 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 LHA Market etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LHA Market etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LHA Market etf over time.
Current vs Lagged Prices |
| Timeline |
LHA Market Lagged Returns
When evaluating LHA Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LHA Market etf have on its future price. LHA Market 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, LHA Market autocorrelation shows the relationship between LHA Market etf current value and its past values and can show if there is a momentum factor associated with investing in LHA Market State.
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 LHA Market State offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LHA Market'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 Lha Market State Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Lha Market State Etf:Check out LHA Market Correlation, LHA Market Volatility and LHA Market Alpha and Beta module to complement your research on LHA Market. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
LHA Market 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.