We consider Hancock Horizon not too risky. Hancock Horizon Dive
holds Efficiency (Sharpe) Ratio of 0.0015 which attests that Hancock Horizon Dive
had 0.0015% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a fund is to use all available market data together with fund specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Hancock Horizon Dive which you can use to evaluate future volatility of the entity. Please check out Hancock Horizon Market Risk Adjusted Performance
of 0.11 and Risk Adjusted Performance of 0.07 to validate if risk estimate we provide are consistent with the epected return of 5.0E-4%. The fund retains Market Volatility (i.e. Beta) of 0.1636 which attests that as returns on market increase, Hancock Horizon returns are expected to increase less than the market. However during bear market, the loss on holding Hancock Horizon will be expected to be smaller as well.. Although it is extremely important to respect Hancock Horizon Dive current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Hancock Horizon Dive technical indicators you can presently evaluate if the expected return of 5.0E-4% will be sustainable into the future.
|15 days auto-correlation||(0.40) |
Poor reverse predictability
Hancock Horizon Diversified Income C has poor reverse predictability. Overlapping area represents the amount of predictability between Hancock Horizon time series from October 20, 2018 to November 4, 2018 and November 4, 2018 to November 19, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hancock Horizon Dive price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Hancock Horizon price fluctuation can be explain by its past prices. Given that Hancock Horizon Diversified Income C has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Hancock Horizon for similar time interval.
|Spearman Rank Test||-0.26|