Hennessy Stance Esg Etf Market Value
| STNC Etf | USD 30.51 0.14 0.46% |
| Symbol | Hennessy |
The market value of Hennessy Stance ESG is measured differently than its book value, which is the value of Hennessy that is recorded on the company's balance sheet. Investors also form their own opinion of Hennessy Stance's value that differs from its market value or its book value, called intrinsic value, which is Hennessy Stance'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 Hennessy Stance's market value can be influenced by many factors that don't directly affect Hennessy Stance'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 Hennessy Stance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hennessy Stance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hennessy Stance'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.
Hennessy Stance '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 Hennessy Stance'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 Hennessy Stance.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Hennessy Stance on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Hennessy Stance ESG or generate 0.0% return on investment in Hennessy Stance over 30 days. Hennessy Stance is related to or competes with IShares ESG, Innovator Equity, IShares ESG, Innovator Equity, and Innovator Growth. The fund is an actively managed exchange-traded fund that will invest, under normal circumstances at least 80 percent of... More
Hennessy Stance 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 Hennessy Stance'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 Hennessy Stance ESG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.02 |
Hennessy Stance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Stance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hennessy Stance's standard deviation. In reality, there are many statistical measures that can use Hennessy Stance historical prices to predict the future Hennessy Stance's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.14) |
Hennessy Stance ESG Backtested Returns
Hennessy Stance ESG holds Efficiency (Sharpe) Ratio of -0.0651, which attests that the entity had a -0.0651% return per unit of risk over the last 3 months. Hennessy Stance ESG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hennessy Stance's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.13), and Standard Deviation of 0.6683 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hennessy Stance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hennessy Stance is expected to be smaller as well.
Auto-correlation | 0.42 |
Average predictability
Hennessy Stance ESG has average predictability. Overlapping area represents the amount of predictability between Hennessy Stance time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 Hennessy Stance ESG price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Hennessy Stance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Hennessy Stance ESG lagged returns against current returns
Autocorrelation, which is Hennessy Stance 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 Hennessy Stance's etf expected returns. We can calculate the autocorrelation of Hennessy Stance returns to help us make a trade decision. For example, suppose you find that Hennessy Stance 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 |
Hennessy Stance 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 Hennessy Stance etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy Stance etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hennessy Stance etf over time.
Current vs Lagged Prices |
| Timeline |
Hennessy Stance Lagged Returns
When evaluating Hennessy Stance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hennessy Stance etf have on its future price. Hennessy Stance 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, Hennessy Stance autocorrelation shows the relationship between Hennessy Stance etf current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Stance ESG.
Regressed Prices |
| Timeline |
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Check out Hennessy Stance Correlation, Hennessy Stance Volatility and Hennessy Stance Alpha and Beta module to complement your research on Hennessy Stance. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Hennessy Stance 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.