Heartland Mid Cap Fund Market Value
| HRMDX Fund | USD 13.94 0.01 0.07% |
| Symbol | Heartland |
Heartland Mid '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 Heartland Mid'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 Heartland Mid.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Heartland Mid on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Heartland Mid Cap or generate 0.0% return on investment in Heartland Mid over 360 days. Heartland Mid is related to or competes with Clipper Fund, Blackrock Value, and Third Avenue. Under normal circumstances, at least 80 percent of the funds net assets are invested in common stocks and other equity s... More
Heartland Mid 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 Heartland Mid'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 Heartland Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9787 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.11 |
Heartland Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heartland Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heartland Mid's standard deviation. In reality, there are many statistical measures that can use Heartland Mid historical prices to predict the future Heartland Mid's volatility.| Risk Adjusted Performance | 0.0367 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0302 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heartland Mid'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.
Heartland Mid Cap Backtested Returns
We consider Heartland Mid very steady. Heartland Mid Cap holds Efficiency (Sharpe) Ratio of 0.0366, which attests that the entity had a 0.0366% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Heartland Mid Cap, which you can use to evaluate the volatility of the entity. Please check out Heartland Mid's risk adjusted performance of 0.0367, and Market Risk Adjusted Performance of 0.0402 to validate if the risk estimate we provide is consistent with the expected return of 0.0302%. The fund retains a Market Volatility (i.e., Beta) of 1.17, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Heartland Mid will likely underperform.
Auto-correlation | 0.38 |
Below average predictability
Heartland Mid Cap has below average predictability. Overlapping area represents the amount of predictability between Heartland Mid time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 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 Heartland Mid Cap price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Heartland Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Heartland Mid Cap lagged returns against current returns
Autocorrelation, which is Heartland Mid 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 Heartland Mid's mutual fund expected returns. We can calculate the autocorrelation of Heartland Mid returns to help us make a trade decision. For example, suppose you find that Heartland Mid 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 |
Heartland Mid 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 Heartland Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heartland Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heartland Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Heartland Mid Lagged Returns
When evaluating Heartland Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heartland Mid mutual fund have on its future price. Heartland Mid 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, Heartland Mid autocorrelation shows the relationship between Heartland Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Heartland Mid Cap.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Heartland Mid Correlation, Heartland Mid Volatility and Heartland Mid Alpha and Beta module to complement your research on Heartland Mid. Note that the Heartland Mid Cap information on this page should be used as a complementary analysis to other Heartland Mid'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 Stocks Directory module to find actively traded stocks across global markets.
Heartland Mid 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.