HANetf II's market value is the price at which a share of HANetf II trades on a public exchange. It measures the collective expectations of HANetf II ICAV investors about its performance. HANetf II is trading at 7.25 as of the 14th of March 2025, a 0.42 percent increase since the beginning of the trading day. The etf's lowest day price was 7.25. With this module, you can estimate the performance of a buy and hold strategy of HANetf II ICAV and determine expected loss or profit from investing in HANetf II over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
HANetf
HANetf II '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 II'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 II.
0.00
12/14/2024
No Change 0.00
0.0
In 2 months and 31 days
03/14/2025
0.00
If you would invest 0.00 in HANetf II on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding HANetf II ICAV or generate 0.0% return on investment in HANetf II over 90 days.
HANetf II 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 II'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 II 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 II's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HANetf II's standard deviation. In reality, there are many statistical measures that can use HANetf II historical prices to predict the future HANetf II's volatility.
HANetf II ICAV holds Efficiency (Sharpe) Ratio of -0.0611, which attests that the etf had a -0.0611 % return per unit of volatility over the last 3 months. HANetf II ICAV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HANetf II's coefficient of variation of (1,058), and Market Risk Adjusted Performance of (4.70) to validate the risk estimate we provide. The entity retains a Market Volatility (i.e., Beta) of 0.014, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HANetf II's returns are expected to increase less than the market. However, during the bear market, the loss of holding HANetf II is expected to be smaller as well.
Auto-correlation
-0.14
Insignificant reverse predictability
HANetf II ICAV has insignificant reverse predictability. Overlapping area represents the amount of predictability between HANetf II time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 HANetf II ICAV price movement. The serial correlation of -0.14 indicates that less than 14.0% of current HANetf II price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.14
Spearman Rank Test
0.08
Residual Average
0.0
Price Variance
0.0
HANetf II ICAV lagged returns against current returns
Autocorrelation, which is HANetf II 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 II's etf expected returns. We can calculate the autocorrelation of HANetf II returns to help us make a trade decision. For example, suppose you find that HANetf II 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 II 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 II etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HANetf II etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HANetf II etf over time.
Current vs Lagged Prices
Timeline
HANetf II Lagged Returns
When evaluating HANetf II's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HANetf II etf have on its future price. HANetf II 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 II autocorrelation shows the relationship between HANetf II etf current value and its past values and can show if there is a momentum factor associated with investing in HANetf II ICAV.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.