Heritage Fund R6 Fund Price on March 8, 2024
| ATHDX Fund | USD 28.17 0.11 0.39% |
Below is the normalized historical share price chart for Heritage Fund R6 extending back to July 26, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Heritage Fund stands at 28.17, as last reported on the 17th of May 2024, with the highest price reaching 28.17 and the lowest price hitting 28.17 during the day.
If you're considering investing in Heritage Mutual Fund, it is important to understand the factors that can impact its price. We consider Heritage Fund very steady. Heritage Fund R6 holds Efficiency (Sharpe) Ratio of 0.0848, which attests that the entity had a 0.0848% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Heritage Fund R6, which you can use to evaluate the volatility of the entity. Please check out Heritage Fund's Downside Deviation of 1.04, risk adjusted performance of 0.0499, and Market Risk Adjusted Performance of 1.13 to validate if the risk estimate we provide is consistent with the expected return of 0.0787%.
Heritage Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Heritage |
Sharpe Ratio = 0.0848
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| Cash | ATHDX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.93 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Heritage Fund is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Heritage Fund by adding it to a well-diversified portfolio.
Heritage Fund Valuation on March 8, 2024
It is possible to determine the worth of Heritage Fund on a given historical date. On March 8, 2024 Heritage was worth 28.13 at the beginning of the trading date compared to the closed value of 28.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Heritage Fund mutual fund. Still, in general, we apply an absolute valuation method to find Heritage Fund's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Heritage Fund where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Heritage Fund's related companies.
| Open | High | Low | Close | Volume | |
| 28.40 | 28.40 | 28.40 | 28.40 | 1.00 | |
03/08/2024 | 28.13 | 28.13 | 28.13 | 28.13 | 1.00 |
| 27.95 | 27.95 | 27.95 | 27.95 | 1.00 |
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Heritage Fund Trading Date Momentum on March 8, 2024
| On March 11 2024 Heritage Fund R6 was traded for 27.95 at the closing time. The highest daily price throughout the period was 27.95 and the lowest price was 27.95 . There was no trading activity during the period 1.0. Lack of trading volume on 03/11/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.64% . The trading delta at closing time to current closing price is 0.96% . |
Heritage Fund R6 Fundamentals Correlations and Trends
By evaluating Heritage Fund's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Heritage Fund's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Heritage financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Heritage Fund Mutual Fund history
Heritage Fund investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Heritage is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Heritage Fund R6 will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Heritage Fund stock prices may prove useful in developing a viable investing in Heritage Fund
The fund normally invests in stocks of medium-sized companies that the adviser believes will increase in value over time, using an investment strategy developed by the funds investment advisor. In implementing this strategy, the portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that durable franchises in a growing industry can sustain above average earnings growth.
Heritage Fund Mutual Fund Technical Analysis
Heritage Fund 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.
Price Boundaries
Heritage Fund Period Price Range
Low | March 8, 2024
| High |
28.13 | 28.13 |
Heritage Fund May 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Heritage Fund mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Heritage Fund shares will generate the highest return on investment. By undertsting and applying Heritage Fund mutual fund market strength indicators, traders can identify Heritage Fund R6 entry and exit signals to maximize returns
Heritage Fund Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Heritage Fund's price direction in advance. Along with the technical and fundamental analysis of Heritage Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Heritage to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0499 | |||
| Jensen Alpha | 0.0597 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 1.12 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Heritage Fund R6. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Heritage Fund R6 information on this page should be used as a complementary analysis to other Heritage Fund'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.