Hilton Small Midcap Opportunity Etf Market Value
| SMCO Etf | 27.27 0.07 0.26% |
| Symbol | Hilton |
The market value of Hilton Small MidCap is measured differently than its book value, which is the value of Hilton that is recorded on the company's balance sheet. Investors also form their own opinion of Hilton Small's value that differs from its market value or its book value, called intrinsic value, which is Hilton Small'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 Hilton Small's market value can be influenced by many factors that don't directly affect Hilton Small'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 Hilton Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hilton Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hilton Small'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.
Hilton Small '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 Hilton Small'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 Hilton Small.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hilton Small on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding Hilton Small MidCap Opportunity or generate 0.0% return on investment in Hilton Small over 90 days. Hilton Small is related to or competes with IShares Small, Invesco ESG, Invesco ESG, and BlackRock Carbon. Hilton Small is entity of United States. It is traded as Etf on NASDAQ exchange. More
Hilton Small 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 Hilton Small'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 Hilton Small MidCap Opportunity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.0497 | |||
| Maximum Drawdown | 6.72 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.98 |
Hilton Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hilton Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hilton Small's standard deviation. In reality, there are many statistical measures that can use Hilton Small historical prices to predict the future Hilton Small's volatility.| Risk Adjusted Performance | 0.1331 | |||
| Jensen Alpha | 0.0604 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0441 | |||
| Treynor Ratio | 0.1897 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hilton Small'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.
Hilton Small MidCap Backtested Returns
As of now, Hilton Etf is very steady. Hilton Small MidCap holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hilton Small MidCap, which you can use to evaluate the volatility of the entity. Please check out Hilton Small's Market Risk Adjusted Performance of 0.1997, risk adjusted performance of 0.1331, and Downside Deviation of 1.29 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The etf retains a Market Volatility (i.e., Beta) of 0.97, which attests to possible diversification benefits within a given portfolio. Hilton Small returns are very sensitive to returns on the market. As the market goes up or down, Hilton Small is expected to follow.
Auto-correlation | 0.71 |
Good predictability
Hilton Small MidCap Opportunity has good predictability. Overlapping area represents the amount of predictability between Hilton Small time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th of November 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 Hilton Small MidCap price movement. The serial correlation of 0.71 indicates that around 71.0% of current Hilton Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Hilton Small MidCap lagged returns against current returns
Autocorrelation, which is Hilton Small 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 Hilton Small's etf expected returns. We can calculate the autocorrelation of Hilton Small returns to help us make a trade decision. For example, suppose you find that Hilton Small 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 |
Hilton Small 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 Hilton Small etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hilton Small etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hilton Small etf over time.
Current vs Lagged Prices |
| Timeline |
Hilton Small Lagged Returns
When evaluating Hilton Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hilton Small etf have on its future price. Hilton Small 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, Hilton Small autocorrelation shows the relationship between Hilton Small etf current value and its past values and can show if there is a momentum factor associated with investing in Hilton Small MidCap Opportunity.
Regressed Prices |
| Timeline |
Pair Trading with Hilton Small
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 Hilton Small 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 Hilton Small will appreciate offsetting losses from the drop in the long position's value.Moving together with Hilton Etf
| 0.98 | VO | Vanguard Mid Cap | PairCorr |
| 0.99 | VXF | Vanguard Extended Market | PairCorr |
| 0.98 | IJH | iShares Core SP | PairCorr |
| 0.99 | IWR | iShares Russell Mid | PairCorr |
| 0.98 | MDY | SPDR SP MIDCAP | PairCorr |
Moving against Hilton Etf
| 0.87 | ULE | ProShares Ultra Euro | PairCorr |
| 0.85 | VIIX | VIIX | PairCorr |
| 0.81 | YCL | ProShares Ultra Yen | PairCorr |
| 0.79 | FXY | Invesco CurrencyShares | PairCorr |
The ability to find closely correlated positions to Hilton Small could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hilton Small 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 Hilton Small - 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 Hilton Small MidCap Opportunity to buy it.
The correlation of Hilton Small 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 Hilton Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hilton Small MidCap 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 Hilton Small 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 Hilton Small Correlation, Hilton Small Volatility and Hilton Small Alpha and Beta module to complement your research on Hilton Small. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Hilton Small 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.