Harbor Small Cap Fund Market Value

HRSGX Fund  USD 13.09  0.11  0.85%   
Harbor Small's market value is the price at which a share of Harbor Small trades on a public exchange. It measures the collective expectations of Harbor Small Cap investors about its performance. Harbor Small is trading at 13.09 as of the 12th of December 2024; that is 0.85 percent up since the beginning of the trading day. The fund's open price was 12.98.
With this module, you can estimate the performance of a buy and hold strategy of Harbor Small Cap and determine expected loss or profit from investing in Harbor Small over a given investment horizon. Check out Harbor Small Correlation, Harbor Small Volatility and Harbor Small Alpha and Beta module to complement your research on Harbor Small.
Symbol

Please note, there is a significant difference between Harbor Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harbor Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harbor 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.

Harbor 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 Harbor Small'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 Small.
0.00
12/18/2023
No Change 0.00  0.0 
In 11 months and 26 days
12/12/2024
0.00
If you would invest  0.00  in Harbor Small on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Harbor Small Cap or generate 0.0% return on investment in Harbor Small over 360 days. Harbor Small is related to or competes with Harbor Vertible, Harbor Diversified, Harbor International, Harbor International, Harbor Mid, Harbor Mid, and Harbor Large. The fund invests primarily in equity securities, principally common and preferred stocks of small cap companies More

Harbor 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 Harbor Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.

Harbor Small Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor Small's standard deviation. In reality, there are many statistical measures that can use Harbor Small historical prices to predict the future Harbor Small's volatility.
Hype
Prediction
LowEstimatedHigh
12.0213.0914.16
Details
Intrinsic
Valuation
LowRealHigh
11.9913.0614.13
Details
Naive
Forecast
LowNextHigh
11.6712.7413.82
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.9613.3513.73
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Harbor Small. Your research has to be compared to or analyzed against Harbor Small's peers to derive any actionable benefits. When done correctly, Harbor Small'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 Small Cap.

Harbor Small Cap Backtested Returns

At this stage we consider Harbor Mutual Fund to be very steady. Harbor Small Cap holds Efficiency (Sharpe) Ratio of 0.0853, which attests that the entity had a 0.0853% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Harbor Small Cap, which you can use to evaluate the volatility of the entity. Please check out Harbor Small's Downside Deviation of 0.9833, market risk adjusted performance of 0.1203, and Risk Adjusted Performance of 0.1037 to validate if the risk estimate we provide is consistent with the expected return of 0.0916%. The fund retains a Market Volatility (i.e., Beta) of 1.28, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Harbor Small will likely underperform.

Auto-correlation

    
  0.27  

Poor predictability

Harbor Small Cap has poor predictability. Overlapping area represents the amount of predictability between Harbor Small time series from 18th of December 2023 to 15th of June 2024 and 15th of June 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 Small Cap price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Harbor Small price fluctuation can be explain by its past prices.
Correlation Coefficient0.27
Spearman Rank Test0.34
Residual Average0.0
Price Variance0.33

Harbor Small Cap lagged returns against current returns

Autocorrelation, which is Harbor Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Harbor Small returns to help us make a trade decision. For example, suppose you find that Harbor Small 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 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 Harbor Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor Small 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 Small mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Harbor Small Lagged Returns

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