Small Company Stock Fund Market Value
| HSCSX Fund | USD 29.74 0.06 0.20% |
| Symbol | Small-company |
Small-company Stock '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 Small-company Stock'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 Small-company Stock.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Small-company Stock on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Small Company Stock Fund or generate 0.0% return on investment in Small-company Stock over 540 days. Small-company Stock is related to or competes with Short Oil, World Energy, Jennison Natural, Firsthand Alternative, Fidelity Advisor, and Dreyfus Natural. The fund generally invests in stocks of companies that homestead advisers believes are attractive based on its investmen... More
Small-company Stock 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 Small-company Stock'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 Small Company Stock Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0297 | |||
| Maximum Drawdown | 7.23 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 2.0 |
Small-company Stock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Small-company Stock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Small-company Stock's standard deviation. In reality, there are many statistical measures that can use Small-company Stock historical prices to predict the future Small-company Stock's volatility.| Risk Adjusted Performance | 0.1018 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0342 | |||
| Treynor Ratio | 0.1077 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Small-company Stock'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.
Small-company Stock Backtested Returns
Small-company Stock appears to be very steady, given 3 months investment horizon. Small-company Stock owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Small Company Stock Fund, which you can use to evaluate the volatility of the fund. Please review Small-company Stock's Coefficient Of Variation of 783.28, semi deviation of 0.9214, and Risk Adjusted Performance of 0.1018 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.42, which indicates 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, Small-company Stock will likely underperform.
Auto-correlation | 0.30 |
Below average predictability
Small Company Stock Fund has below average predictability. Overlapping area represents the amount of predictability between Small-company Stock time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Small-company Stock price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Small-company Stock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
Small-company Stock lagged returns against current returns
Autocorrelation, which is Small-company Stock 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 Small-company Stock's mutual fund expected returns. We can calculate the autocorrelation of Small-company Stock returns to help us make a trade decision. For example, suppose you find that Small-company Stock 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 |
Small-company Stock 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 Small-company Stock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Small-company Stock mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Small-company Stock mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Small-company Stock Lagged Returns
When evaluating Small-company Stock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Small-company Stock mutual fund have on its future price. Small-company Stock 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, Small-company Stock autocorrelation shows the relationship between Small-company Stock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Small Company Stock Fund.
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 Small-company Mutual Fund
Small-company Stock financial ratios help investors to determine whether Small-company 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 Small-company with respect to the benefits of owning Small-company Stock security.
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