Mh Elite Fund Market Value
| MHEFX Fund | USD 8.11 0.03 0.37% |
| Symbol | MHEFX |
Mh Elite '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 Mh Elite'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 Mh Elite.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Mh Elite on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Mh Elite Fund or generate 0.0% return on investment in Mh Elite over 30 days. Mh Elite is related to or competes with Mh Elite, Mh Elite, Amcap Fund, Vanguard Equity, Liberty All, American Funds, and Gqg Partners. The fund invests at least 80 percent of its total assets in 12 to 25 unaffiliated open-end mutual funds which in turn, i... More
Mh Elite 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 Mh Elite'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 Mh Elite Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.899 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.14 |
Mh Elite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mh Elite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mh Elite's standard deviation. In reality, there are many statistical measures that can use Mh Elite historical prices to predict the future Mh Elite's volatility.| Risk Adjusted Performance | 0.056 | |||
| Jensen Alpha | 0.0641 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mh Elite'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.
Mh Elite Fund Backtested Returns
We consider Mh Elite very steady. Mh Elite Fund retains Efficiency (Sharpe Ratio) of 0.0705, which conveys that the entity had a 0.0705% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Mh Elite, which you can use to evaluate the volatility of the fund. Please verify Mh Elite's Market Risk Adjusted Performance of (0.38), standard deviation of 0.749, and Mean Deviation of 0.5485 to check out if the risk estimate we provide is consistent with the expected return of 0.0524%. The fund owns a Beta (Systematic Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mh Elite are expected to decrease at a much lower rate. During the bear market, Mh Elite is likely to outperform the market.
Auto-correlation | 0.58 |
Modest predictability
Mh Elite Fund has modest predictability. Overlapping area represents the amount of predictability between Mh Elite time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Mh Elite Fund price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Mh Elite price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mh Elite Fund lagged returns against current returns
Autocorrelation, which is Mh Elite 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 Mh Elite's mutual fund expected returns. We can calculate the autocorrelation of Mh Elite returns to help us make a trade decision. For example, suppose you find that Mh Elite 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 |
Mh Elite 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 Mh Elite mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mh Elite mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mh Elite mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mh Elite Lagged Returns
When evaluating Mh Elite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mh Elite mutual fund have on its future price. Mh Elite 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, Mh Elite autocorrelation shows the relationship between Mh Elite mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mh Elite Fund.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Mh Elite Correlation, Mh Elite Volatility and Mh Elite Alpha and Beta module to complement your research on Mh Elite. Note that the Mh Elite Fund information on this page should be used as a complementary analysis to other Mh Elite's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Mh Elite 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.