Macroaxis considers Hancock Horizon to be unknown risk. Hancock Horizon Dive holds Efficiency (Sharpe) Ratio of -0.1141 which attests that the entity had -0.1141% of return per unit of risk over the last 2 months. 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 Risk Adjusted Performance of
(0.21) and Market Risk Adjusted Performance of 1.5 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. 2 Months Beta |Analyze Hancock Horizon Dive Demand TrendCheck current 30 days Hancock Horizon correlation with market (DOW)|
β = -0.0244
Hancock Horizon Central Daily Price Deviation
Hancock Horizon Dive Technical Analysis
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Hancock Horizon Projected Return Density Against MarketAssuming 30 trading days horizon, Hancock Horizon Diversified Income C has beta of -0.0244 . 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 C is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Hancock Horizon Dive is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Hancock Horizon is -876.07. The daily returns are destributed with a variance of 0.13 and standard deviation of 0.36. The mean deviation of Hancock Horizon Diversified Income C is currently at 0.24. For similar time horizon, the selected benchmark (DOW) has volatility of 1.94
|Alpha over DOW||=||0.04|
|Beta against DOW||=||0.02|
Hancock Horizon Return Volatilitythe fund shows 0.3605% volatility of returns over 30 trading days. the entity inherits 1.9958% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 2.0 and is 5.56 times more volatile than Hancock Horizon Diversified Income C. 3% 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 C is lower than 3 (%) of all global equities and portfolios over the last 30 days. Use Hancock Horizon Diversified Income C to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Hancock Horizon to be traded at $12.36 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