HAN GINS's market value is the price at which a share of HAN GINS trades on a public exchange. It measures the collective expectations of HAN GINS Indxx Healthcare investors about its performance. HAN GINS is trading at 6.66 as of the 18th of December 2024, a 2.49% down since the beginning of the trading day. The etf's open price was 6.83. With this module, you can estimate the performance of a buy and hold strategy of HAN GINS Indxx Healthcare and determine expected loss or profit from investing in HAN GINS over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
HAN
HAN GINS '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 HAN GINS'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 HAN GINS.
0.00
12/29/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/18/2024
0.00
If you would invest 0.00 in HAN GINS on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding HAN GINS Indxx Healthcare or generate 0.0% return on investment in HAN GINS over 720 days.
HAN GINS 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 HAN GINS'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 HAN GINS Indxx Healthcare upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for HAN GINS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HAN GINS's standard deviation. In reality, there are many statistical measures that can use HAN GINS historical prices to predict the future HAN GINS's volatility.
HAN GINS Indxx holds Efficiency (Sharpe) Ratio of -0.0327, which attests that the etf had a -0.0327% return per unit of volatility over the last 3 months. HAN GINS Indxx exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HAN GINS's market risk adjusted performance of (0.08), and Coefficient Of Variation of (16,436) to validate the risk estimate we provide. The entity retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HAN GINS's returns are expected to increase less than the market. However, during the bear market, the loss of holding HAN GINS is expected to be smaller as well.
Auto-correlation
-0.53
Good reverse predictability
HAN GINS Indxx Healthcare has good reverse predictability. Overlapping area represents the amount of predictability between HAN GINS time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th of December 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 HAN GINS Indxx price movement. The serial correlation of -0.53 indicates that about 53.0% of current HAN GINS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.53
Spearman Rank Test
-0.34
Residual Average
0.0
Price Variance
0.03
HAN GINS Indxx lagged returns against current returns
Autocorrelation, which is HAN GINS 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 HAN GINS's etf expected returns. We can calculate the autocorrelation of HAN GINS returns to help us make a trade decision. For example, suppose you find that HAN GINS 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
HAN GINS 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 HAN GINS etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HAN GINS etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HAN GINS etf over time.
Current vs Lagged Prices
Timeline
HAN GINS Lagged Returns
When evaluating HAN GINS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HAN GINS etf have on its future price. HAN GINS 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, HAN GINS autocorrelation shows the relationship between HAN GINS etf current value and its past values and can show if there is a momentum factor associated with investing in HAN GINS Indxx Healthcare.
Regressed Prices
Timeline
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