Hancock Horizon Risk Analysis And Volatility Evaluation

HHIAX -- USA Fund  

USD 13.17  0.08  0.61%

Macroaxis considers Hancock Horizon to be not too risky. Hancock Horizon Dive holds Efficiency (Sharpe) Ratio of -0.0108 which attests that Hancock Horizon Dive had -0.0108% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Hancock Horizon Dive exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hancock Horizon Market Risk Adjusted Performance of 0.0591 and Risk Adjusted Performance of 0.023656 to validate risk estimate we provide.
Horizon     30 Days    Login   to change

Hancock Horizon Market Sensitivity

As returns on market increase, returns on owning Hancock Horizon are expected to decrease at a much smaller rate. During bear market, Hancock Horizon is likely to outperform the market.
One Month Beta |Analyze Hancock Horizon Dive Demand Trend
Check current 30 days Hancock Horizon correlation with market (DOW)
β = -0.3184
Hancock Horizon Almost negative betaHancock Horizon Dive Beta Legend

Hancock Horizon Dive Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Hancock Horizon Dive Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Hancock Horizon Projected Return Density Against Market

Assuming 30 trading days horizon, Hancock Horizon Diversified Income Inv has beta of -0.3184 . This indicates as returns on benchmark increase, returns on holding Hancock Horizon are expected to decrease at a much smaller rate. During bear market, however, Hancock Horizon Diversified Income Inv is likely to outperform the market. Moreover, Hancock Horizon Diversified Income Inv has an alpha of 0.0318 implying that it can potentially generate 0.0318% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Hancock Horizon is -9296.4. The daily returns are destributed with a variance of 0.06 and standard deviation of 0.24. The mean deviation of Hancock Horizon Diversified Income Inv is currently at 0.15. For similar time horizon, the selected benchmark (DOW) has volatility of 0.48
α
Alpha over DOW
=0.0318
β
Beta against DOW=0.32
σ
Overall volatility
=0.24
Ir
Information ratio =0.74

Hancock Horizon Return Volatility

Hancock Horizon Diversified Income Inv shows 0.2388% volatility of returns over 30 trading days. DOW inherits 0.4303% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Hancock Horizon Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Almost imposible

30 Days Economic Sensitivity

Almost neglects market

Investment Outlook

Hancock Horizon Investment Opportunity

DOW has a standard deviation of returns of 0.43 and is 1.79 times more volatile than Hancock Horizon Diversified Income Inv. 2% of all equities and portfolios are less risky than Hancock Horizon. Compared to the overall equity markets, volatility of historical daily returns of Hancock Horizon Diversified Income Inv is lower than 2 (%) of all global equities and portfolios over the last 30 days. Use Hancock Horizon Diversified Income Inv to enhance returns of your portfolios. The fund experiences moderate upward volatility. Check odds of Hancock Horizon to be traded at $14.49 in 30 days. As returns on market increase, returns on owning Hancock Horizon are expected to decrease at a much smaller rate. During bear market, Hancock Horizon is likely to outperform the market.

Hancock Horizon correlation with market

Excellent diversification
Overlapping area represents the amount of risk that can be diversified away by holding Hancock Horizon Diversified In and equity matching DJI index in the same portfolio.

Hancock Horizon Volatility Indicators

Hancock Horizon Diversified Income Inv Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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