Harbor Scientific Alpha Etf Market Value
| SIFI Etf | USD 43.72 0.03 0.07% |
| Symbol | Harbor |
The market value of Harbor Scientific Alpha is measured differently than its book value, which is the value of Harbor that is recorded on the company's balance sheet. Investors also form their own opinion of Harbor Scientific's value that differs from its market value or its book value, called intrinsic value, which is Harbor Scientific'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 Harbor Scientific's market value can be influenced by many factors that don't directly affect Harbor Scientific'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 Harbor Scientific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harbor Scientific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harbor Scientific'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.
Harbor Scientific '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 Harbor Scientific'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 Harbor Scientific.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Harbor Scientific on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Harbor Scientific Alpha or generate 0.0% return on investment in Harbor Scientific over 390 days. Harbor Scientific is related to or competes with Capital Group, Capital Group, Capital Group, Capital Group, and Capital Group. The fund invests primarily in fixed income instruments, including fixed income derivative instruments such as credit def... More
Harbor Scientific 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 Harbor Scientific'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 Harbor Scientific Alpha upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2044 | |||
| Information Ratio | (0.61) | |||
| Maximum Drawdown | 1.1 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.2523 |
Harbor Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor Scientific's standard deviation. In reality, there are many statistical measures that can use Harbor Scientific historical prices to predict the future Harbor Scientific's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.62) | |||
| Treynor Ratio | (0.08) |
Harbor Scientific Alpha Backtested Returns
Harbor Scientific Alpha holds Efficiency (Sharpe) Ratio of -0.0044, which attests that the entity had a -0.0044% return per unit of risk over the last 3 months. Harbor Scientific Alpha exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harbor Scientific's Downside Deviation of 0.2044, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.0822, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harbor Scientific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harbor Scientific is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
Harbor Scientific Alpha has good predictability. Overlapping area represents the amount of predictability between Harbor Scientific time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 Harbor Scientific Alpha price movement. The serial correlation of 0.76 indicates that around 76.0% of current Harbor Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Harbor Scientific Alpha lagged returns against current returns
Autocorrelation, which is Harbor Scientific 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 Harbor Scientific's etf expected returns. We can calculate the autocorrelation of Harbor Scientific returns to help us make a trade decision. For example, suppose you find that Harbor Scientific 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 |
Harbor Scientific 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 Harbor Scientific etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor Scientific etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harbor Scientific etf over time.
Current vs Lagged Prices |
| Timeline |
Harbor Scientific Lagged Returns
When evaluating Harbor Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbor Scientific etf have on its future price. Harbor Scientific 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, Harbor Scientific autocorrelation shows the relationship between Harbor Scientific etf current value and its past values and can show if there is a momentum factor associated with investing in Harbor Scientific Alpha.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Harbor Scientific Alpha offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Harbor Scientific'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 Harbor Scientific Alpha Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Harbor Scientific Alpha Etf:Check out Harbor Scientific Correlation, Harbor Scientific Volatility and Harbor Scientific Alpha and Beta module to complement your research on Harbor Scientific. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Harbor Scientific 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.