Haoxi Health Technology Etf Market Value
| HAO Etf | USD 4.91 0.09 1.87% |
| Symbol | Haoxi |
The market value of Haoxi Health Technology is measured differently than its book value, which is the value of Haoxi that is recorded on the company's balance sheet. Investors also form their own opinion of Haoxi Health's value that differs from its market value or its book value, called intrinsic value, which is Haoxi Health'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 Haoxi Health's market value can be influenced by many factors that don't directly affect Haoxi Health'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 Haoxi Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Haoxi Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Haoxi Health'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.
Haoxi Health '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 Haoxi Health'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 Haoxi Health.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Haoxi Health on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Haoxi Health Technology or generate 0.0% return on investment in Haoxi Health over 720 days. Haoxi Health is related to or competes with Ziff Davis, Interpublic Group, Xunlei, Omnicom, IClick Interactive, Inuvo, and Lendway. The investment seeks to track the investment results of the AlphaShares China Small Cap Index More
Haoxi Health 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 Haoxi Health'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 Haoxi Health Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.27 | |||
| Information Ratio | 0.0214 | |||
| Maximum Drawdown | 76.74 | |||
| Value At Risk | (10.68) | |||
| Potential Upside | 9.16 |
Haoxi Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Haoxi Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haoxi Health's standard deviation. In reality, there are many statistical measures that can use Haoxi Health historical prices to predict the future Haoxi Health's volatility.| Risk Adjusted Performance | 0.0281 | |||
| Jensen Alpha | 0.2285 | |||
| Total Risk Alpha | (0.98) | |||
| Sortino Ratio | 0.0348 | |||
| Treynor Ratio | 0.3406 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Haoxi Health'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.
Haoxi Health Technology Backtested Returns
Haoxi Health appears to be very risky, given 3 months investment horizon. Haoxi Health Technology holds Efficiency (Sharpe) Ratio of 0.03, which attests that the entity had a 0.03% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Haoxi Health Technology, which you can use to evaluate the volatility of the entity. Please utilize Haoxi Health's Risk Adjusted Performance of 0.0281, downside deviation of 6.27, and Market Risk Adjusted Performance of 0.3506 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.87, which attests to possible diversification benefits within a given portfolio. Haoxi Health returns are very sensitive to returns on the market. As the market goes up or down, Haoxi Health is expected to follow.
Auto-correlation | 0.00 |
No correlation between past and present
Haoxi Health Technology has no correlation between past and present. Overlapping area represents the amount of predictability between Haoxi Health time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 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 Haoxi Health Technology price movement. The serial correlation of 0.0 indicates that just 0.0% of current Haoxi Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Haoxi Health Technology lagged returns against current returns
Autocorrelation, which is Haoxi Health 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 Haoxi Health's etf expected returns. We can calculate the autocorrelation of Haoxi Health returns to help us make a trade decision. For example, suppose you find that Haoxi Health 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 |
Haoxi Health 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 Haoxi Health etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haoxi Health etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haoxi Health etf over time.
Current vs Lagged Prices |
| Timeline |
Haoxi Health Lagged Returns
When evaluating Haoxi Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haoxi Health etf have on its future price. Haoxi Health 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, Haoxi Health autocorrelation shows the relationship between Haoxi Health etf current value and its past values and can show if there is a momentum factor associated with investing in Haoxi Health Technology.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Haoxi Health in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Haoxi Health's short interest history, or implied volatility extrapolated from Haoxi Health options trading.
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Try AI Portfolio ArchitectCheck out Haoxi Health Correlation, Haoxi Health Volatility and Haoxi Health Alpha and Beta module to complement your research on Haoxi Health. Note that the Haoxi Health Technology information on this page should be used as a complementary analysis to other Haoxi Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Haoxi Health 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.