Harvest Travel Leisure Etf Market Value
| TRVI Etf | 21.30 0.20 0.93% |
| Symbol | Harvest |
Harvest Travel '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 Harvest Travel'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 Harvest Travel.
| 01/12/2023 |
| 12/27/2025 |
If you would invest 0.00 in Harvest Travel on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Harvest Travel Leisure or generate 0.0% return on investment in Harvest Travel over 1080 days. Harvest Travel is related to or competes with Harvest Equal, TD Q, TD Q, IShares SP, Harvest Global, Harvest Healthcare, and Desjardins. Harvest Travel is entity of Canada. It is traded as Etf on TO exchange. More
Harvest Travel 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 Harvest Travel'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 Harvest Travel Leisure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 6.18 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.37 |
Harvest Travel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Travel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harvest Travel's standard deviation. In reality, there are many statistical measures that can use Harvest Travel historical prices to predict the future Harvest Travel's volatility.| Risk Adjusted Performance | 0.0453 | |||
| Jensen Alpha | 0.0174 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0959 |
Harvest Travel Leisure Backtested Returns
As of now, Harvest Etf is very steady. Harvest Travel Leisure holds Efficiency (Sharpe) Ratio of 0.0689, which attests that the entity had a 0.0689 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Harvest Travel Leisure, which you can use to evaluate the volatility of the entity. Please check out Harvest Travel's Downside Deviation of 1.3, risk adjusted performance of 0.0453, and Market Risk Adjusted Performance of 0.1059 to validate if the risk estimate we provide is consistent with the expected return of 0.0893%. The etf retains a Market Volatility (i.e., Beta) of 0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Harvest Travel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harvest Travel is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Harvest Travel Leisure has modest predictability. Overlapping area represents the amount of predictability between Harvest Travel time series from 12th of January 2023 to 5th of July 2024 and 5th of July 2024 to 27th of December 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 Harvest Travel Leisure price movement. The serial correlation of 0.55 indicates that about 55.0% of current Harvest Travel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 2.46 |
Harvest Travel Leisure lagged returns against current returns
Autocorrelation, which is Harvest Travel 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 Harvest Travel's etf expected returns. We can calculate the autocorrelation of Harvest Travel returns to help us make a trade decision. For example, suppose you find that Harvest Travel 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 |
Harvest Travel 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 Harvest Travel etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harvest Travel etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harvest Travel etf over time.
Current vs Lagged Prices |
| Timeline |
Harvest Travel Lagged Returns
When evaluating Harvest Travel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harvest Travel etf have on its future price. Harvest Travel 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, Harvest Travel autocorrelation shows the relationship between Harvest Travel etf current value and its past values and can show if there is a momentum factor associated with investing in Harvest Travel Leisure.
Regressed Prices |
| Timeline |
Pair Trading with Harvest Travel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Harvest Travel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Harvest Travel will appreciate offsetting losses from the drop in the long position's value.Moving against Harvest Etf
| 0.59 | TCLB | TD Canadian Long | PairCorr |
| 0.48 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.47 | XBB | iShares Canadian Universe | PairCorr |
The ability to find closely correlated positions to Harvest Travel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harvest Travel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Harvest Travel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Harvest Travel Leisure to buy it.
The correlation of Harvest Travel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Harvest Travel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harvest Travel Leisure moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Harvest Travel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Harvest Etf
Harvest Travel financial ratios help investors to determine whether Harvest 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 Harvest with respect to the benefits of owning Harvest Travel security.