Hcm Income Plus Fund Market Value
| HCMLX Fund | USD 18.79 0.18 0.97% |
| Symbol | HCM |
Hcm Income '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 Hcm Income'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 Hcm Income.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Hcm Income on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hcm Income Plus or generate 0.0% return on investment in Hcm Income over 180 days. Hcm Income is related to or competes with Davis Financial, Prudential Financial, Mesirow Financial, Royce Global, Icon Financial, 1919 Financial, and Gabelli Global. The fund seeks to achieve its investment objective through investments in ETFs that invest in foreign and domestic equit... More
Hcm Income 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 Hcm Income'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 Hcm Income Plus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 5.0E-4 | |||
| Maximum Drawdown | 5.34 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.54 |
Hcm Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hcm Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hcm Income's standard deviation. In reality, there are many statistical measures that can use Hcm Income historical prices to predict the future Hcm Income's volatility.| Risk Adjusted Performance | 0.1128 | |||
| Jensen Alpha | 0.0191 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 5.0E-4 | |||
| Treynor Ratio | 0.15 |
Hcm Income Plus Backtested Returns
At this stage we consider HCM Mutual Fund to be very steady. Hcm Income Plus holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hcm Income Plus, which you can use to evaluate the volatility of the entity. Please check out Hcm Income's Market Risk Adjusted Performance of 0.16, risk adjusted performance of 0.1128, and Downside Deviation of 1.07 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The fund retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. Hcm Income returns are very sensitive to returns on the market. As the market goes up or down, Hcm Income is expected to follow.
Auto-correlation | -0.26 |
Weak reverse predictability
Hcm Income Plus has weak reverse predictability. Overlapping area represents the amount of predictability between Hcm Income time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Hcm Income Plus price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Hcm Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Hcm Income Plus lagged returns against current returns
Autocorrelation, which is Hcm Income 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 Hcm Income's mutual fund expected returns. We can calculate the autocorrelation of Hcm Income returns to help us make a trade decision. For example, suppose you find that Hcm Income 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 |
Hcm Income 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 Hcm Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hcm Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hcm Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hcm Income Lagged Returns
When evaluating Hcm Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hcm Income mutual fund have on its future price. Hcm Income 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, Hcm Income autocorrelation shows the relationship between Hcm Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hcm Income Plus.
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 HCM Mutual Fund
Hcm Income financial ratios help investors to determine whether HCM 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 HCM with respect to the benefits of owning Hcm Income security.
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