The Beehive Fund Market Value
| BEEHX Fund | USD 20.69 0.23 1.10% |
| Symbol | The |
The Beehive '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 The Beehive'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 The Beehive.
| 04/22/2023 |
| 04/16/2024 |
If you would invest 0.00 in The Beehive on April 22, 2023 and sell it all today you would earn a total of 0.00 from holding The Beehive Fund or generate 0.0% return on investment in The Beehive over 360 days. The Beehive is related to or competes with Pax Small, Vanguard 500, American Beacon, World Growth, T Rowe, Vanguard Precious, and Fidelity Advisor. The fund primarily invests in equity securities of domestic companies with large and mid-sized market capitalizations More
The Beehive 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 The Beehive'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 The Beehive Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8313 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 0.8596 |
The Beehive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for The Beehive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The Beehive's standard deviation. In reality, there are many statistical measures that can use The Beehive historical prices to predict the future The Beehive's volatility.| Risk Adjusted Performance | 0.0072 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of The Beehive'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.
Beehive Fund Backtested Returns
We consider The Beehive very steady. Beehive Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0247, which indicates the fund had a 0.0247% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The Beehive Fund, which you can use to evaluate the volatility of the fund. Please validate The Beehive's Coefficient Of Variation of 8903.87, risk adjusted performance of 0.0072, and Semi Deviation of 0.7771 to confirm if the risk estimate we provide is consistent with the expected return of 0.0159%. The entity has a beta of 0.82, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, the Beehive's returns are expected to increase less than the market. However, during the bear market, the loss of holding the Beehive is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
The Beehive Fund has good predictability. Overlapping area represents the amount of predictability between The Beehive time series from 22nd of April 2023 to 19th of October 2023 and 19th of October 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 Beehive Fund price movement. The serial correlation of 0.71 indicates that around 71.0% of current The Beehive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Beehive Fund lagged returns against current returns
Autocorrelation, which is The Beehive 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 The Beehive's mutual fund expected returns. We can calculate the autocorrelation of The Beehive returns to help us make a trade decision. For example, suppose you find that The Beehive 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 |
The Beehive 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 The Beehive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The Beehive mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in The Beehive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
The Beehive Lagged Returns
When evaluating The Beehive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The Beehive mutual fund have on its future price. The Beehive 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, The Beehive autocorrelation shows the relationship between The Beehive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Beehive Fund.
Regressed Prices |
| Timeline |
Pair Trading with The Beehive
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if The Beehive position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in The Beehive will appreciate offsetting losses from the drop in the long position's value.Moving together with The Mutual Fund
| 0.72 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.72 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.72 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.64 | VITSX | Vanguard Total Stock | PairCorr |
The ability to find closely correlated positions to The Beehive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace The Beehive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back The Beehive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Beehive Fund to buy it.
The correlation of The Beehive is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as The Beehive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beehive Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for The Beehive can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out The Beehive Correlation, The Beehive Volatility and The Beehive Alpha and Beta module to complement your research on The Beehive. Note that the Beehive Fund information on this page should be used as a complementary analysis to other The Beehive'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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The Beehive 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.