Huber Capital Diversified Fund Market Value
| HUDEX Fund | USD 21.55 0.21 0.97% |
| Symbol | HUBER |
Huber Capital '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 Huber Capital'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 Huber Capital.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Huber Capital on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Huber Capital Diversified or generate 0.0% return on investment in Huber Capital over 720 days. Huber Capital is related to or competes with Huber Capital, American Mutual, Salient Mlp, Income Fund, American Mutual, and Goldman Sachs. The fund normally invests at least 80 percent of its net assets in common stocks of large capitalization U.S More
Huber Capital 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 Huber Capital'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 Huber Capital Diversified upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.781 | |||
| Information Ratio | 0.0801 | |||
| Maximum Drawdown | 2.8 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.14 |
Huber Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huber Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huber Capital's standard deviation. In reality, there are many statistical measures that can use Huber Capital historical prices to predict the future Huber Capital's volatility.| Risk Adjusted Performance | 0.1075 | |||
| Jensen Alpha | 0.0541 | |||
| Total Risk Alpha | 0.0499 | |||
| Sortino Ratio | 0.0716 | |||
| Treynor Ratio | 0.1051 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Huber Capital'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.
Huber Capital Diversified Backtested Returns
We consider Huber Capital very steady. Huber Capital Diversified holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Huber Capital Diversified, which you can use to evaluate the volatility of the entity. Please check out Huber Capital's Risk Adjusted Performance of 0.1075, downside deviation of 0.781, and Market Risk Adjusted Performance of 0.1151 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The fund retains a Market Volatility (i.e., Beta) of 1.03, which attests to a somewhat significant risk relative to the market. Huber Capital returns are very sensitive to returns on the market. As the market goes up or down, Huber Capital is expected to follow.
Auto-correlation | 0.16 |
Very weak predictability
Huber Capital Diversified has very weak predictability. Overlapping area represents the amount of predictability between Huber Capital time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th 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 Huber Capital Diversified price movement. The serial correlation of 0.16 indicates that over 16.0% of current Huber Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 |
Huber Capital Diversified lagged returns against current returns
Autocorrelation, which is Huber Capital 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 Huber Capital's mutual fund expected returns. We can calculate the autocorrelation of Huber Capital returns to help us make a trade decision. For example, suppose you find that Huber Capital 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 |
Huber Capital 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 Huber Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huber Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huber Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Huber Capital Lagged Returns
When evaluating Huber Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huber Capital mutual fund have on its future price. Huber Capital 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, Huber Capital autocorrelation shows the relationship between Huber Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Huber Capital Diversified.
Regressed Prices |
| Timeline |
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Huber Capital 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.