Srh Total Return Etf Market Value
| STEW Etf | USD 16.33 0.13 0.80% |
| Symbol | SRH |
The market value of SRH Total Return is measured differently than its book value, which is the value of SRH that is recorded on the company's balance sheet. Investors also form their own opinion of SRH Total's value that differs from its market value or its book value, called intrinsic value, which is SRH Total'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 SRH Total's market value can be influenced by many factors that don't directly affect SRH Total'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 SRH Total's value and its price as these two are different measures arrived at by different means. Investors typically determine if SRH Total is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SRH Total'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.
SRH Total '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 SRH Total'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 SRH Total.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in SRH Total on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding SRH Total Return or generate 0.0% return on investment in SRH Total over 720 days. SRH Total is related to or competes with MFS High, MFS Investment, Eaton Vance, Invesco High, MFS High, MFS Municipal, and DTF Tax. SRH Total Return Fund, Inc. is a closed-ended balanced mutual fund launched and managed by Boulder Investment Advisers, ... More
SRH Total 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 SRH Total'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 SRH Total Return upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7267 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.86 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.1 |
SRH Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SRH Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SRH Total's standard deviation. In reality, there are many statistical measures that can use SRH Total historical prices to predict the future SRH Total's volatility.| Risk Adjusted Performance | 0.0868 | |||
| Jensen Alpha | (0.0004) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.099 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SRH Total'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.
SRH Total Return Backtested Returns
At this stage we consider SRH Etf to be very steady. SRH Total Return owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for SRH Total Return, which you can use to evaluate the volatility of the etf. Please validate SRH Total's risk adjusted performance of 0.0868, and Coefficient Of Variation of 885.2 to confirm if the risk estimate we provide is consistent with the expected return of 0.092%. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SRH Total's returns are expected to increase less than the market. However, during the bear market, the loss of holding SRH Total is expected to be smaller as well.
Auto-correlation | 0.53 |
Modest predictability
SRH Total Return has modest predictability. Overlapping area represents the amount of predictability between SRH Total time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 SRH Total Return price movement. The serial correlation of 0.53 indicates that about 53.0% of current SRH Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
SRH Total Return lagged returns against current returns
Autocorrelation, which is SRH Total 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 SRH Total's etf expected returns. We can calculate the autocorrelation of SRH Total returns to help us make a trade decision. For example, suppose you find that SRH Total 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 |
SRH Total 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 SRH Total etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SRH Total etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SRH Total etf over time.
Current vs Lagged Prices |
| Timeline |
SRH Total Lagged Returns
When evaluating SRH Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SRH Total etf have on its future price. SRH Total 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, SRH Total autocorrelation shows the relationship between SRH Total etf current value and its past values and can show if there is a momentum factor associated with investing in SRH Total Return.
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.Other Information on Investing in SRH Etf
SRH Total financial ratios help investors to determine whether SRH Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SRH with respect to the benefits of owning SRH Total security.