Henderson Dividend Income Fund Market Value
| HDAVX Fund | USD 15.36 0.19 1.25% |
| Symbol | Henderson |
Henderson Dividend '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 Henderson Dividend'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 Henderson Dividend.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Henderson Dividend on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Henderson Dividend Income or generate 0.0% return on investment in Henderson Dividend over 30 days. Henderson Dividend is related to or competes with Dodge International, SCOR PK, Morningstar Unconstrained, SPACE, and Via Renewables. The fund pursues its investment objective by investing, under normal circumstances, at least 80 percent of its net asset... More
Henderson Dividend 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 Henderson Dividend'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 Henderson Dividend Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5766 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.14 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 1.25 |
Henderson Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Henderson Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Henderson Dividend's standard deviation. In reality, there are many statistical measures that can use Henderson Dividend historical prices to predict the future Henderson Dividend's volatility.| Risk Adjusted Performance | 0.0713 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0786 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Henderson Dividend'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.
Henderson Dividend Backtested Returns
We consider Henderson Dividend very steady. Henderson Dividend holds Efficiency (Sharpe) Ratio of 0.0775, which attests that the entity had a 0.0775% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Henderson Dividend, which you can use to evaluate the volatility of the entity. Please check out Henderson Dividend's Downside Deviation of 0.5766, risk adjusted performance of 0.0713, and Market Risk Adjusted Performance of 0.0886 to validate if the risk estimate we provide is consistent with the expected return of 0.0488%. The fund retains a Market Volatility (i.e., Beta) of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Henderson Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Henderson Dividend is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Henderson Dividend Income has modest predictability. Overlapping area represents the amount of predictability between Henderson Dividend time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Henderson Dividend price movement. The serial correlation of 0.52 indicates that about 52.0% of current Henderson Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Henderson Dividend lagged returns against current returns
Autocorrelation, which is Henderson Dividend 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 Henderson Dividend's mutual fund expected returns. We can calculate the autocorrelation of Henderson Dividend returns to help us make a trade decision. For example, suppose you find that Henderson Dividend 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 |
Henderson Dividend 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 Henderson Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Henderson Dividend mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Henderson Dividend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Henderson Dividend Lagged Returns
When evaluating Henderson Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Henderson Dividend mutual fund have on its future price. Henderson Dividend 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, Henderson Dividend autocorrelation shows the relationship between Henderson Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Henderson Dividend Income.
Regressed Prices |
| Timeline |
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 Henderson Dividend Correlation, Henderson Dividend Volatility and Henderson Dividend Alpha and Beta module to complement your research on Henderson Dividend. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Henderson Dividend 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.