Harbor Mid Cap Fund Market Value

HAMGX Fund  USD 6.64  0.11  1.68%   
Harbor Mid's market value is the price at which a share of Harbor Mid trades on a public exchange. It measures the collective expectations of Harbor Mid Cap investors about its performance. Harbor Mid is trading at 6.64 as of the 12th of December 2024; that is 1.68 percent up since the beginning of the trading day. The fund's open price was 6.53.
With this module, you can estimate the performance of a buy and hold strategy of Harbor Mid Cap and determine expected loss or profit from investing in Harbor Mid over a given investment horizon. Check out Harbor Mid Correlation, Harbor Mid Volatility and Harbor Mid Alpha and Beta module to complement your research on Harbor Mid.
Symbol

Please note, there is a significant difference between Harbor Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harbor Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harbor Mid'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 Mid '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 Mid's mutual fund 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 Mid.
0.00
11/12/2024
No Change 0.00  0.0 
In 30 days
12/12/2024
0.00
If you would invest  0.00  in Harbor Mid on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Harbor Mid Cap or generate 0.0% return on investment in Harbor Mid over 30 days. Harbor Mid is related to or competes with Harbor International, Large Cap, Harbor Capital, Harbor Mid, and Akre Focus. Under normal market conditions, the fund invests primarily in equity securities, principally common stocks, of companies... More

Harbor Mid 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 Mid's mutual fund 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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.

Harbor Mid Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor Mid's standard deviation. In reality, there are many statistical measures that can use Harbor Mid historical prices to predict the future Harbor Mid's volatility.
Hype
Prediction
LowEstimatedHigh
5.596.647.69
Details
Intrinsic
Valuation
LowRealHigh
6.097.148.19
Details
Naive
Forecast
LowNextHigh
5.536.597.64
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.456.596.73
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Harbor Mid. Your research has to be compared to or analyzed against Harbor Mid's peers to derive any actionable benefits. When done correctly, Harbor Mid's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Harbor Mid Cap.

Harbor Mid Cap Backtested Returns

Harbor Mid appears to be not too volatile, given 3 months investment horizon. Harbor Mid Cap holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Harbor Mid Cap, which you can use to evaluate the volatility of the entity. Please utilize Harbor Mid's Risk Adjusted Performance of 0.164, downside deviation of 1.14, and Market Risk Adjusted Performance of 2.62 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.0854, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harbor Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harbor Mid is expected to be smaller as well.

Auto-correlation

    
  -0.6  

Good reverse predictability

Harbor Mid Cap has good reverse predictability. Overlapping area represents the amount of predictability between Harbor Mid time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Harbor Mid Cap price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Harbor Mid price fluctuation can be explain by its past prices.
Correlation Coefficient-0.6
Spearman Rank Test-0.12
Residual Average0.0
Price Variance0.0

Harbor Mid Cap lagged returns against current returns

Autocorrelation, which is Harbor Mid mutual fund'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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Harbor Mid returns to help us make a trade decision. For example, suppose you find that Harbor Mid has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harbor Mid mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Harbor Mid Lagged Returns

When evaluating Harbor Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbor Mid mutual fund have on its future price. Harbor Mid 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 Mid autocorrelation shows the relationship between Harbor Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Harbor Mid Cap.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Harbor Mutual Fund

Harbor Mid financial ratios help investors to determine whether Harbor Mutual Fund 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 Harbor with respect to the benefits of owning Harbor Mid security.
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