Hotchkis Wiley Smid Etf Market Value
| HWSM Etf | 25.32 0.12 0.47% |
| Symbol | Hotchkis |
The market value of Hotchkis Wiley SMID is measured differently than its book value, which is the value of Hotchkis that is recorded on the company's balance sheet. Investors also form their own opinion of Hotchkis Wiley's value that differs from its market value or its book value, called intrinsic value, which is Hotchkis Wiley'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 Hotchkis Wiley's market value can be influenced by many factors that don't directly affect Hotchkis Wiley'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 Hotchkis Wiley's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hotchkis Wiley is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hotchkis Wiley'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.
Hotchkis Wiley '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 Hotchkis Wiley'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 Hotchkis Wiley.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Hotchkis Wiley on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Hotchkis Wiley SMID or generate 0.0% return on investment in Hotchkis Wiley over 90 days. Hotchkis Wiley is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, Vanguard Value, Vanguard Growth, and Vanguard Mid. Hotchkis Wiley is entity of United States More
Hotchkis Wiley 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 Hotchkis Wiley'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 Hotchkis Wiley SMID upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0504 | |||
| Maximum Drawdown | 6.53 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 2.31 |
Hotchkis Wiley Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hotchkis Wiley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hotchkis Wiley's standard deviation. In reality, there are many statistical measures that can use Hotchkis Wiley historical prices to predict the future Hotchkis Wiley's volatility.| Risk Adjusted Performance | 0.1617 | |||
| Jensen Alpha | 0.0552 | |||
| Total Risk Alpha | 0.0261 | |||
| Sortino Ratio | 0.0559 | |||
| Treynor Ratio | 0.1845 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hotchkis Wiley'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.
Hotchkis Wiley SMID Backtested Returns
Hotchkis Wiley appears to be very steady, given 3 months investment horizon. Hotchkis Wiley SMID holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hotchkis Wiley SMID, which you can use to evaluate the volatility of the entity. Please utilize Hotchkis Wiley's Risk Adjusted Performance of 0.1617, downside deviation of 1.05, and Market Risk Adjusted Performance of 0.1945 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 1.03, which attests to a somewhat significant risk relative to the market. Hotchkis Wiley returns are very sensitive to returns on the market. As the market goes up or down, Hotchkis Wiley is expected to follow.
Auto-correlation | 0.74 |
Good predictability
Hotchkis Wiley SMID has good predictability. Overlapping area represents the amount of predictability between Hotchkis Wiley time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st 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 Hotchkis Wiley SMID price movement. The serial correlation of 0.74 indicates that around 74.0% of current Hotchkis Wiley price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Hotchkis Wiley SMID lagged returns against current returns
Autocorrelation, which is Hotchkis Wiley 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 Hotchkis Wiley's etf expected returns. We can calculate the autocorrelation of Hotchkis Wiley returns to help us make a trade decision. For example, suppose you find that Hotchkis Wiley 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 |
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Hotchkis Wiley 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 Hotchkis Wiley etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hotchkis Wiley etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hotchkis Wiley etf over time.
Current vs Lagged Prices |
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Hotchkis Wiley Lagged Returns
When evaluating Hotchkis Wiley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hotchkis Wiley etf have on its future price. Hotchkis Wiley 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, Hotchkis Wiley autocorrelation shows the relationship between Hotchkis Wiley etf current value and its past values and can show if there is a momentum factor associated with investing in Hotchkis Wiley SMID.
Regressed Prices |
| Timeline |
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Hotchkis Wiley financial ratios help investors to determine whether Hotchkis 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 Hotchkis with respect to the benefits of owning Hotchkis Wiley security.