Harvest Premium Yield Etf Market Value
| HPYT Etf | 9.71 0.03 0.31% |
| Symbol | Harvest |
Harvest Premium '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 Harvest Premium'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 Harvest Premium.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Harvest Premium on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Harvest Premium Yield or generate 0.0% return on investment in Harvest Premium over 90 days. Harvest Premium is related to or competes with Harvest Balanced, Harvest MicroStrategy, Harvest Meta, Harvest Diversified, and Harvest Energy. Harvest Premium is entity of Canada. It is traded as Etf on TO exchange. More
Harvest Premium 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 Harvest Premium'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 Harvest Premium Yield upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0795 | |||
| Maximum Drawdown | 2.8 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.37 |
Harvest Premium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Premium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harvest Premium's standard deviation. In reality, there are many statistical measures that can use Harvest Premium historical prices to predict the future Harvest Premium's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.0377 | |||
| Treynor Ratio | (0.42) |
Harvest Premium Yield Backtested Returns
As of now, Harvest Etf is very steady. Harvest Premium Yield holds Efficiency (Sharpe) Ratio of 0.013, which attests that the entity had a 0.013 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Harvest Premium Yield, which you can use to evaluate the volatility of the entity. Please check out Harvest Premium's Risk Adjusted Performance of (0.05), market risk adjusted performance of (0.41), and Standard Deviation of 0.7165 to validate if the risk estimate we provide is consistent with the expected return of 0.0091%. The etf retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harvest Premium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harvest Premium is expected to be smaller as well.
Auto-correlation | -0.27 |
Weak reverse predictability
Harvest Premium Yield has weak reverse predictability. Overlapping area represents the amount of predictability between Harvest Premium time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Harvest Premium Yield price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Harvest Premium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Harvest Premium Yield lagged returns against current returns
Autocorrelation, which is Harvest Premium 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 Harvest Premium's etf expected returns. We can calculate the autocorrelation of Harvest Premium returns to help us make a trade decision. For example, suppose you find that Harvest Premium 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 |
Harvest Premium 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 Harvest Premium etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harvest Premium etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harvest Premium etf over time.
Current vs Lagged Prices |
| Timeline |
Harvest Premium Lagged Returns
When evaluating Harvest Premium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harvest Premium etf have on its future price. Harvest Premium 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, Harvest Premium autocorrelation shows the relationship between Harvest Premium etf current value and its past values and can show if there is a momentum factor associated with investing in Harvest Premium Yield.
Regressed Prices |
| Timeline |
Other Information on Investing in Harvest Etf
Harvest Premium financial ratios help investors to determine whether Harvest 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 Harvest with respect to the benefits of owning Harvest Premium security.