Horizon Kinetics Spac Etf Market Value
| SPAQ Etf | USD 101.01 0.27 0.27% |
| Symbol | Horizon |
The market value of Horizon Kinetics SPAC is measured differently than its book value, which is the value of Horizon that is recorded on the company's balance sheet. Investors also form their own opinion of Horizon Kinetics' value that differs from its market value or its book value, called intrinsic value, which is Horizon Kinetics' 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 Horizon Kinetics' market value can be influenced by many factors that don't directly affect Horizon Kinetics' 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 Horizon Kinetics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Kinetics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Kinetics' 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.
Horizon Kinetics '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 Horizon Kinetics' 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 Horizon Kinetics.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Horizon Kinetics on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Horizon Kinetics SPAC or generate 0.0% return on investment in Horizon Kinetics over 720 days. Horizon Kinetics is related to or competes with Freedom Day, Franklin Templeton, IShares MSCI, Tidal Trust, IShares Dividend, Altrius Global, and Invesco Exchange. III focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar... More
Horizon Kinetics 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 Horizon Kinetics' 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 Horizon Kinetics SPAC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6895 | |||
| Information Ratio | 0.0028 | |||
| Maximum Drawdown | 4.41 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.5879 |
Horizon Kinetics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Kinetics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Kinetics' standard deviation. In reality, there are many statistical measures that can use Horizon Kinetics historical prices to predict the future Horizon Kinetics' volatility.| Risk Adjusted Performance | 0.035 | |||
| Jensen Alpha | 0.0235 | |||
| Total Risk Alpha | 0.0049 | |||
| Sortino Ratio | 0.0027 | |||
| Treynor Ratio | (0.16) |
Horizon Kinetics SPAC Backtested Returns
Currently, Horizon Kinetics SPAC is very steady. Horizon Kinetics SPAC holds Efficiency (Sharpe) Ratio of 0.0483, which attests that the entity had a 0.0483% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Horizon Kinetics SPAC, which you can use to evaluate the volatility of the entity. Please check out Horizon Kinetics' Market Risk Adjusted Performance of (0.15), downside deviation of 0.6895, and Risk Adjusted Performance of 0.035 to validate if the risk estimate we provide is consistent with the expected return of 0.0329%. 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, returns on owning Horizon Kinetics are expected to decrease at a much lower rate. During the bear market, Horizon Kinetics is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
Horizon Kinetics SPAC has good predictability. Overlapping area represents the amount of predictability between Horizon Kinetics time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th of December 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 Horizon Kinetics SPAC price movement. The serial correlation of 0.77 indicates that around 77.0% of current Horizon Kinetics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Horizon Kinetics SPAC lagged returns against current returns
Autocorrelation, which is Horizon Kinetics 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 Horizon Kinetics' etf expected returns. We can calculate the autocorrelation of Horizon Kinetics returns to help us make a trade decision. For example, suppose you find that Horizon Kinetics 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 |
Horizon Kinetics 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 Horizon Kinetics etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Kinetics etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Kinetics etf over time.
Current vs Lagged Prices |
| Timeline |
Horizon Kinetics Lagged Returns
When evaluating Horizon Kinetics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Kinetics etf have on its future price. Horizon Kinetics 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, Horizon Kinetics autocorrelation shows the relationship between Horizon Kinetics etf current value and its past values and can show if there is a momentum factor associated with investing in Horizon Kinetics SPAC.
Regressed Prices |
| Timeline |
Pair Trading with Horizon Kinetics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Horizon Kinetics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Horizon Kinetics will appreciate offsetting losses from the drop in the long position's value.Moving against Horizon Etf
| 0.79 | XLV | Health Care Select | PairCorr |
| 0.79 | IXJ | iShares Global Healthcare | PairCorr |
| 0.78 | IYH | iShares Healthcare ETF | PairCorr |
| 0.77 | IHF | iShares Healthcare | PairCorr |
| 0.76 | VHT | Vanguard Health Care | PairCorr |
The ability to find closely correlated positions to Horizon Kinetics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horizon Kinetics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Horizon Kinetics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Horizon Kinetics SPAC to buy it.
The correlation of Horizon Kinetics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Horizon Kinetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horizon Kinetics SPAC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Horizon Kinetics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Horizon Kinetics Correlation, Horizon Kinetics Volatility and Horizon Kinetics Alpha and Beta module to complement your research on Horizon Kinetics. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Horizon Kinetics 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.