HANetf ICAV's market value is the price at which a share of HANetf ICAV trades on a public exchange. It measures the collective expectations of HANetf ICAV investors about its performance. HANetf ICAV is trading at 9.30 as of the 11th of January 2025. This is a 1.59 percent decrease since the beginning of the trading day. The etf's lowest day price was 9.28. With this module, you can estimate the performance of a buy and hold strategy of HANetf ICAV and determine expected loss or profit from investing in HANetf ICAV over a given investment horizon. Check out HANetf ICAV Correlation, HANetf ICAV Volatility and HANetf ICAV Alpha and Beta module to complement your research on HANetf ICAV.
Please note, there is a significant difference between HANetf ICAV's value and its price as these two are different measures arrived at by different means. Investors typically determine if HANetf ICAV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HANetf ICAV'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.
HANetf ICAV '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 HANetf ICAV'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 HANetf ICAV.
0.00
06/15/2024
No Change 0.00
0.0
In 6 months and 30 days
01/11/2025
0.00
If you would invest 0.00 in HANetf ICAV on June 15, 2024 and sell it all today you would earn a total of 0.00 from holding HANetf ICAV or generate 0.0% return on investment in HANetf ICAV over 210 days. HANetf ICAV is related to or competes with HANetf ICAV. The EMQQ Emerging Markets Internet Ecommerce UCITS ETF seeks to provide investment results that, before fees and expense... More
HANetf ICAV 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 HANetf ICAV'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 HANetf ICAV 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 HANetf ICAV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HANetf ICAV's standard deviation. In reality, there are many statistical measures that can use HANetf ICAV historical prices to predict the future HANetf ICAV's volatility.
HANetf ICAV holds Efficiency (Sharpe) Ratio of -0.14, which attests that the etf had a -0.14% return per unit of volatility over the last 3 months. HANetf ICAV exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HANetf ICAV's market risk adjusted performance of 1.9, and Coefficient Of Variation of (657.66) to validate the risk estimate we provide. The entity retains a Market Volatility (i.e., Beta) of -0.0997, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HANetf ICAV are expected to decrease at a much lower rate. During the bear market, HANetf ICAV is likely to outperform the market.
Auto-correlation
0.12
Insignificant predictability
HANetf ICAV has insignificant predictability. Overlapping area represents the amount of predictability between HANetf ICAV time series from 15th of June 2024 to 28th of September 2024 and 28th of September 2024 to 11th of January 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 HANetf ICAV price movement. The serial correlation of 0.12 indicates that less than 12.0% of current HANetf ICAV price fluctuation can be explain by its past prices.
Correlation Coefficient
0.12
Spearman Rank Test
-0.03
Residual Average
0.0
Price Variance
0.06
HANetf ICAV lagged returns against current returns
Autocorrelation, which is HANetf ICAV 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 HANetf ICAV's etf expected returns. We can calculate the autocorrelation of HANetf ICAV returns to help us make a trade decision. For example, suppose you find that HANetf ICAV 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
HANetf ICAV 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 HANetf ICAV etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HANetf ICAV etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HANetf ICAV etf over time.
Current vs Lagged Prices
Timeline
HANetf ICAV Lagged Returns
When evaluating HANetf ICAV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HANetf ICAV etf have on its future price. HANetf ICAV 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, HANetf ICAV autocorrelation shows the relationship between HANetf ICAV etf current value and its past values and can show if there is a momentum factor associated with investing in HANetf ICAV .
HANetf ICAV financial ratios help investors to determine whether HANetf 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 HANetf with respect to the benefits of owning HANetf ICAV security.