Hcm Tactical Growth Fund Market Value
| HCMSX Fund | USD 25.41 0.17 0.67% |
| Symbol | Hcm |
Hcm Tactical '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 Tactical'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 Tactical.
| 06/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Hcm Tactical on June 28, 2023 and sell it all today you would earn a total of 0.00 from holding Hcm Tactical Growth or generate 0.0% return on investment in Hcm Tactical over 300 days. Hcm Tactical is related to or competes with Hcm Dividend, Hcm Income, Hcm Income, and Hcm Dividend. The fund adviser seeks to achieve its investment objective through investments in domestic equity securities of any mark... More
Hcm Tactical 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 Tactical'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 Tactical Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0114 | |||
| Maximum Drawdown | 6.78 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.35 |
Hcm Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hcm Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hcm Tactical's standard deviation. In reality, there are many statistical measures that can use Hcm Tactical historical prices to predict the future Hcm Tactical's volatility.| Risk Adjusted Performance | 0.0488 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0122 | |||
| Treynor Ratio | 0.0554 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hcm Tactical'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.
Hcm Tactical Growth Backtested Returns
Hcm Tactical Growth holds Efficiency (Sharpe) Ratio of -0.0037, which attests that the entity had a -0.0037% return per unit of risk over the last 3 months. Hcm Tactical Growth exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hcm Tactical's Market Risk Adjusted Performance of 0.0654, downside deviation of 1.36, and Risk Adjusted Performance of 0.0488 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 1.66, 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, Hcm Tactical will likely underperform.
Auto-correlation | -0.65 |
Very good reverse predictability
Hcm Tactical Growth has very good reverse predictability. Overlapping area represents the amount of predictability between Hcm Tactical time series from 28th of June 2023 to 25th of November 2023 and 25th of November 2023 to 23rd of April 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 Tactical Growth price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Hcm Tactical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1.95 |
Hcm Tactical Growth lagged returns against current returns
Autocorrelation, which is Hcm Tactical 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 Tactical's mutual fund expected returns. We can calculate the autocorrelation of Hcm Tactical returns to help us make a trade decision. For example, suppose you find that Hcm Tactical 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 Tactical 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 Tactical mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hcm Tactical 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 Tactical mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hcm Tactical Lagged Returns
When evaluating Hcm Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hcm Tactical mutual fund have on its future price. Hcm Tactical 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 Tactical autocorrelation shows the relationship between Hcm Tactical mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hcm Tactical Growth.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hcm Tactical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hcm Tactical's short interest history, or implied volatility extrapolated from Hcm Tactical options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Hcm Tactical Correlation, Hcm Tactical Volatility and Hcm Tactical Alpha and Beta module to complement your research on Hcm Tactical. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Hcm Tactical technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.