Hawaiian Telcom Holdco Etf Market Value
| HCOM Etf | USD 14.33 0.12 0.83% |
| Symbol | Hawaiian |
The market value of Hawaiian Telcom Holdco is measured differently than its book value, which is the value of Hawaiian that is recorded on the company's balance sheet. Investors also form their own opinion of Hawaiian Telcom's value that differs from its market value or its book value, called intrinsic value, which is Hawaiian Telcom'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 Hawaiian Telcom's market value can be influenced by many factors that don't directly affect Hawaiian Telcom'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 Hawaiian Telcom's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hawaiian Telcom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hawaiian Telcom'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.
Hawaiian Telcom '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 Hawaiian Telcom'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 Hawaiian Telcom.
| 07/10/2024 |
| 01/06/2025 |
If you would invest 0.00 in Hawaiian Telcom on July 10, 2024 and sell it all today you would earn a total of 0.00 from holding Hawaiian Telcom Holdco or generate 0.0% return on investment in Hawaiian Telcom over 180 days. Hawaiian Telcom is related to or competes with Global Indemnity, First Business, Great Southern, and Peoples Fin. The fund is an actively managed ETF that seeks to achieve its investment objective by investing in a range of commodity ... More
Hawaiian Telcom 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 Hawaiian Telcom'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 Hawaiian Telcom Holdco upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.1 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.21 |
Hawaiian Telcom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hawaiian Telcom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hawaiian Telcom's standard deviation. In reality, there are many statistical measures that can use Hawaiian Telcom historical prices to predict the future Hawaiian Telcom's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.5751 |
Hawaiian Telcom Holdco Backtested Returns
Hawaiian Telcom Holdco holds Efficiency (Sharpe) Ratio of -0.0428, which attests that the entity had a -0.0428% return per unit of risk over the last 3 months. Hawaiian Telcom Holdco exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hawaiian Telcom's Standard Deviation of 0.6983, market risk adjusted performance of 0.5851, and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0694, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hawaiian Telcom are expected to decrease at a much lower rate. During the bear market, Hawaiian Telcom is likely to outperform the market.
Auto-correlation | 0.04 |
Virtually no predictability
Hawaiian Telcom Holdco has virtually no predictability. Overlapping area represents the amount of predictability between Hawaiian Telcom time series from 10th of July 2024 to 8th of October 2024 and 8th of October 2024 to 6th 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 Hawaiian Telcom Holdco price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Hawaiian Telcom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Hawaiian Telcom Holdco lagged returns against current returns
Autocorrelation, which is Hawaiian Telcom 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 Hawaiian Telcom's etf expected returns. We can calculate the autocorrelation of Hawaiian Telcom returns to help us make a trade decision. For example, suppose you find that Hawaiian Telcom 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 |
Hawaiian Telcom 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 Hawaiian Telcom etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hawaiian Telcom etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hawaiian Telcom etf over time.
Current vs Lagged Prices |
| Timeline |
Hawaiian Telcom Lagged Returns
When evaluating Hawaiian Telcom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hawaiian Telcom etf have on its future price. Hawaiian Telcom 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, Hawaiian Telcom autocorrelation shows the relationship between Hawaiian Telcom etf current value and its past values and can show if there is a momentum factor associated with investing in Hawaiian Telcom Holdco.
Regressed Prices |
| Timeline |
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Hawaiian Telcom 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.