Harvest Nvidia Enhanced Etf Market Value
| NVHE-U Etf | 12.16 0.48 4.11% |
| Symbol | Harvest |
Please note, there is a significant difference between Harvest Nvidia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harvest Nvidia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harvest Nvidia'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.
Harvest Nvidia '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 Nvidia'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 Nvidia.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Harvest Nvidia on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Harvest Nvidia Enhanced or generate 0.0% return on investment in Harvest Nvidia over 90 days. Harvest Nvidia is related to or competes with IShares SPTSX, IShares Core, IShares Core, BMO Aggregate, IShares Canadian, BMO SPTSX, and BMO SP. Harvest Nvidia is entity of Canada. It is traded as Etf on TO exchange. More
Harvest Nvidia 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 Nvidia'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 Nvidia Enhanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.1244 | |||
| Maximum Drawdown | 15.41 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 5.38 |
Harvest Nvidia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Nvidia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harvest Nvidia's standard deviation. In reality, there are many statistical measures that can use Harvest Nvidia historical prices to predict the future Harvest Nvidia's volatility.| Risk Adjusted Performance | 0.13 | |||
| Jensen Alpha | 0.3172 | |||
| Total Risk Alpha | 0.0208 | |||
| Sortino Ratio | 0.1542 | |||
| Treynor Ratio | 0.3755 |
Harvest Nvidia Enhanced Backtested Returns
Harvest Nvidia appears to be not too volatile, given 3 months investment horizon. Harvest Nvidia Enhanced holds Efficiency (Sharpe) Ratio of 0.0945, which attests that the entity had a 0.0945% return per unit of risk over the last 3 months. We have found thirty technical indicators for Harvest Nvidia Enhanced, which you can use to evaluate the volatility of the entity. Please utilize Harvest Nvidia's Market Risk Adjusted Performance of 0.3855, downside deviation of 2.22, and Risk Adjusted Performance of 0.13 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 1.22, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Harvest Nvidia will likely underperform.
Auto-correlation | 0.05 |
Virtually no predictability
Harvest Nvidia Enhanced has virtually no predictability. Overlapping area represents the amount of predictability between Harvest Nvidia time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Harvest Nvidia Enhanced price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Harvest Nvidia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Harvest Nvidia Enhanced lagged returns against current returns
Autocorrelation, which is Harvest Nvidia 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 Nvidia's etf expected returns. We can calculate the autocorrelation of Harvest Nvidia returns to help us make a trade decision. For example, suppose you find that Harvest Nvidia 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 Nvidia 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 Nvidia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harvest Nvidia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harvest Nvidia etf over time.
Current vs Lagged Prices |
| Timeline |
Harvest Nvidia Lagged Returns
When evaluating Harvest Nvidia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harvest Nvidia etf have on its future price. Harvest Nvidia 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 Nvidia autocorrelation shows the relationship between Harvest Nvidia etf current value and its past values and can show if there is a momentum factor associated with investing in Harvest Nvidia Enhanced.
Regressed Prices |
| Timeline |
Pair Trading with Harvest Nvidia
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 Harvest Nvidia 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 Harvest Nvidia will appreciate offsetting losses from the drop in the long position's value.Moving against Harvest Etf
The ability to find closely correlated positions to Harvest Nvidia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harvest Nvidia 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 Harvest Nvidia - 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 Harvest Nvidia Enhanced to buy it.
The correlation of Harvest Nvidia 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 Harvest Nvidia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harvest Nvidia Enhanced 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 Harvest Nvidia 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.Other Information on Investing in Harvest Etf
Harvest Nvidia 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 Nvidia security.