Hcm Defender 500 Etf Market Value
| LGH Etf | USD 44.09 0.01 0.02% |
| Symbol | HCM |
The market value of HCM Defender 500 is measured differently than its book value, which is the value of HCM that is recorded on the company's balance sheet. Investors also form their own opinion of HCM Defender's value that differs from its market value or its book value, called intrinsic value, which is HCM Defender'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 HCM Defender's market value can be influenced by many factors that don't directly affect HCM Defender'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 HCM Defender's value and its price as these two are different measures arrived at by different means. Investors typically determine if HCM Defender is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HCM Defender'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.
HCM Defender '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 HCM Defender'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 HCM Defender.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in HCM Defender on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding HCM Defender 500 or generate 0.0% return on investment in HCM Defender over 30 days. HCM Defender is related to or competes with Dimensional Targeted, Dimensional World, and Dimensional Small. The fund seeks to achieve its investment objective by investing at least 80 percent of its net assets, including borrowi... More
HCM Defender 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 HCM Defender'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 HCM Defender 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9869 | |||
| Information Ratio | 0.0556 | |||
| Maximum Drawdown | 4.99 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.56 |
HCM Defender Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HCM Defender's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HCM Defender's standard deviation. In reality, there are many statistical measures that can use HCM Defender historical prices to predict the future HCM Defender's volatility.| Risk Adjusted Performance | 0.0802 | |||
| Jensen Alpha | 0.0352 | |||
| Total Risk Alpha | 0.0189 | |||
| Sortino Ratio | 0.057 | |||
| Treynor Ratio | 0.0845 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HCM Defender'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.
HCM Defender 500 Backtested Returns
We consider HCM Defender very steady. HCM Defender 500 holds Efficiency (Sharpe) Ratio of 0.0902, which attests that the etf had a 0.0902% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for HCM Defender 500, which you can use to evaluate the volatility of the entity. Please check out HCM Defender's semi deviation of 0.8359, and Downside Deviation of 0.9869 to validate if the risk estimate we provide is consistent with the expected return of 0.0904%. The entity retains a Market Volatility (i.e., Beta) of 1.36, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HCM Defender will likely underperform.
Auto-correlation | 0.57 |
Modest predictability
HCM Defender 500 has modest predictability. Overlapping area represents the amount of predictability between HCM Defender time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 HCM Defender 500 price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current HCM Defender price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
HCM Defender 500 lagged returns against current returns
Autocorrelation, which is HCM Defender 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 HCM Defender's etf expected returns. We can calculate the autocorrelation of HCM Defender returns to help us make a trade decision. For example, suppose you find that HCM Defender 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 |
HCM Defender 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 HCM Defender etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HCM Defender etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HCM Defender etf over time.
Current vs Lagged Prices |
| Timeline |
HCM Defender Lagged Returns
When evaluating HCM Defender's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HCM Defender etf have on its future price. HCM Defender 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, HCM Defender autocorrelation shows the relationship between HCM Defender etf current value and its past values and can show if there is a momentum factor associated with investing in HCM Defender 500.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out HCM Defender Correlation, HCM Defender Volatility and HCM Defender Alpha and Beta module to complement your research on HCM Defender. Note that the HCM Defender 500 information on this page should be used as a complementary analysis to other HCM Defender'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
HCM Defender 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.