Hvia Equity Fund Market Value
| HVEIX Fund | USD 23.56 0.03 0.13% |
| Symbol | Hvia |
Hvia Equity '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 Hvia Equity'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 Hvia Equity.
| 02/19/2024 |
| 04/19/2024 |
If you would invest 0.00 in Hvia Equity on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Hvia Equity Fund or generate 0.0% return on investment in Hvia Equity over 60 days. Hvia Equity is related to or competes with Amcap Fund, Asg Managed, Growth Fund, Qs International, Semiconductors Portfolio, Saat Market, and Oakmark Fund. The fund seeks to achieve its investment objective by investing principally in a diversified portfolio of common stock o... More
Hvia Equity 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 Hvia Equity'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 Hvia Equity Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8748 | |||
| Information Ratio | 0.0456 | |||
| Maximum Drawdown | 4.49 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.36 |
Hvia Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hvia Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hvia Equity's standard deviation. In reality, there are many statistical measures that can use Hvia Equity historical prices to predict the future Hvia Equity's volatility.| Risk Adjusted Performance | 0.0807 | |||
| Jensen Alpha | 0.0316 | |||
| Total Risk Alpha | 0.0167 | |||
| Sortino Ratio | 0.0444 | |||
| Treynor Ratio | 0.0867 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hvia Equity'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.
Hvia Equity Fund Backtested Returns
We consider Hvia Equity very steady. Hvia Equity Fund holds Efficiency (Sharpe) Ratio of 0.09, which attests that the entity had a 0.09% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hvia Equity Fund, which you can use to evaluate the volatility of the entity. Please check out Hvia Equity's Downside Deviation of 0.8748, market risk adjusted performance of 0.0967, and Risk Adjusted Performance of 0.0807 to validate if the risk estimate we provide is consistent with the expected return of 0.0759%. The fund retains a Market Volatility (i.e., Beta) of 1.12, which attests to a somewhat significant risk relative to the market. Hvia Equity returns are very sensitive to returns on the market. As the market goes up or down, Hvia Equity is expected to follow.
Auto-correlation | -0.62 |
Very good reverse predictability
Hvia Equity Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Hvia Equity time series from 19th of February 2024 to 20th of March 2024 and 20th of March 2024 to 19th 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 Hvia Equity Fund price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Hvia Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Hvia Equity Fund lagged returns against current returns
Autocorrelation, which is Hvia Equity 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 Hvia Equity's mutual fund expected returns. We can calculate the autocorrelation of Hvia Equity returns to help us make a trade decision. For example, suppose you find that Hvia Equity 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 |
Hvia Equity 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 Hvia Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hvia Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hvia Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hvia Equity Lagged Returns
When evaluating Hvia Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hvia Equity mutual fund have on its future price. Hvia Equity 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, Hvia Equity autocorrelation shows the relationship between Hvia Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hvia Equity Fund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hvia Equity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hvia Equity's short interest history, or implied volatility extrapolated from Hvia Equity options trading.
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Hvia Equity 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.