Harbor Health Care Etf Market Value
| MEDI Etf | 25.30 0.16 0.63% |
| Symbol | Harbor |
The market value of Harbor Health Care is measured differently than its book value, which is the value of Harbor that is recorded on the company's balance sheet. Investors also form their own opinion of Harbor Health's value that differs from its market value or its book value, called intrinsic value, which is Harbor Health'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 Harbor Health's market value can be influenced by many factors that don't directly affect Harbor Health'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 Harbor Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harbor Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harbor Health'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.
Harbor Health '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 Harbor Health'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 Harbor Health.
| 05/23/2022 |
| 05/12/2024 |
If you would invest 0.00 in Harbor Health on May 23, 2022 and sell it all today you would earn a total of 0.00 from holding Harbor Health Care or generate 0.0% return on investment in Harbor Health over 720 days. Harbor Health is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, Vanguard Value, Vanguard Growth, and Vanguard Mid. Harbor Health is entity of United States More
Harbor Health 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 Harbor Health'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 Harbor Health Care upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.44 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 1.35 |
Harbor Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor Health's standard deviation. In reality, there are many statistical measures that can use Harbor Health historical prices to predict the future Harbor Health's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harbor Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Harbor Health Care Backtested Returns
Harbor Health Care holds Efficiency (Sharpe) Ratio of -0.0538, which attests that the entity had a -0.0538% return per unit of risk over the last 3 months. Harbor Health Care exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harbor Health's Standard Deviation of 0.947, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 1.01, which attests to a somewhat significant risk relative to the market. Harbor Health returns are very sensitive to returns on the market. As the market goes up or down, Harbor Health is expected to follow.
Auto-correlation | -0.27 |
Weak reverse predictability
Harbor Health Care has weak reverse predictability. Overlapping area represents the amount of predictability between Harbor Health time series from 23rd of May 2022 to 18th of May 2023 and 18th of May 2023 to 12th of May 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 Harbor Health Care price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Harbor Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Harbor Health Care lagged returns against current returns
Autocorrelation, which is Harbor Health 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 Harbor Health's etf expected returns. We can calculate the autocorrelation of Harbor Health returns to help us make a trade decision. For example, suppose you find that Harbor Health 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 |
Harbor Health 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 Harbor Health etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor Health etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harbor Health etf over time.
Current vs Lagged Prices |
| Timeline |
Harbor Health Lagged Returns
When evaluating Harbor Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbor Health etf have on its future price. Harbor Health 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, Harbor Health autocorrelation shows the relationship between Harbor Health etf current value and its past values and can show if there is a momentum factor associated with investing in Harbor Health Care.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Harbor Health Correlation, Harbor Health Volatility and Harbor Health Alpha and Beta module to complement your research on Harbor Health. Note that the Harbor Health Care information on this page should be used as a complementary analysis to other Harbor Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Harbor Health 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.