Harbor Smid Cap Etf Market Value
| EPSV Etf | USD 23.21 0.20 0.87% |
| Symbol | Harbor |
The market value of Harbor SMID Cap 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 SMID's value that differs from its market value or its book value, called intrinsic value, which is Harbor SMID'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 SMID's market value can be influenced by many factors that don't directly affect Harbor SMID'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 SMID's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harbor SMID is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harbor SMID'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 SMID '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 SMID'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 SMID.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Harbor SMID on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Harbor SMID Cap or generate 0.0% return on investment in Harbor SMID over 90 days. Harbor SMID is related to or competes with Matthews China, Matthews Emerging, Neuberger Berman, Fidelity Small, Professionally Managed, and First Trust. Emergency Pest Services, Inc. operates as a blockchain technology company More
Harbor SMID 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 SMID'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 SMID Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9259 | |||
| Information Ratio | 0.0227 | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 2.17 |
Harbor SMID Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor SMID's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor SMID's standard deviation. In reality, there are many statistical measures that can use Harbor SMID historical prices to predict the future Harbor SMID's volatility.| Risk Adjusted Performance | 0.1927 | |||
| Jensen Alpha | 0.0645 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0276 | |||
| Treynor Ratio | 0.2853 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harbor SMID'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 SMID Cap Backtested Returns
Harbor SMID appears to be very steady, given 3 months investment horizon. Harbor SMID Cap holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Harbor SMID Cap, which you can use to evaluate the volatility of the entity. Please utilize Harbor SMID's Downside Deviation of 0.9259, risk adjusted performance of 0.1927, and Market Risk Adjusted Performance of 0.2953 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Harbor SMID's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harbor SMID is expected to be smaller as well.
Auto-correlation | 0.09 |
Virtually no predictability
Harbor SMID Cap has virtually no predictability. Overlapping area represents the amount of predictability between Harbor SMID time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 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 Harbor SMID Cap price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Harbor SMID price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Harbor SMID Cap lagged returns against current returns
Autocorrelation, which is Harbor SMID 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 SMID's etf expected returns. We can calculate the autocorrelation of Harbor SMID returns to help us make a trade decision. For example, suppose you find that Harbor SMID 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 SMID 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 SMID etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor SMID etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harbor SMID etf over time.
Current vs Lagged Prices |
| Timeline |
Harbor SMID Lagged Returns
When evaluating Harbor SMID's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbor SMID etf have on its future price. Harbor SMID 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 SMID autocorrelation shows the relationship between Harbor SMID etf current value and its past values and can show if there is a momentum factor associated with investing in Harbor SMID Cap.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Harbor SMID Correlation, Harbor SMID Volatility and Harbor SMID Alpha and Beta module to complement your research on Harbor SMID. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Harbor SMID 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.