Hancock Horizon Probability of Target Price Finishing Over Current Price

HHIAX -- USA Fund  

USD 12.57  0.00  0.00%

Hancock Horizon probability of target price tool provides mechanism to make assumptions about upside and downside potential of Hancock Horizon Diversified Income Inv performance during a given time horizon utilizing its historical volatility. Please specify Hancock Horizon time horizon, a valid symbol (red box) and a target price (blue box) you would like Hancock Horizon odds to be computed. Please also check Risk vs Return Analysis.
Horizon     30 Days    Login   to change
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Hancock Horizon Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 12.57 30 days 12.57  ABOUT 32.26%
Based on normal probability distribution, the odds of Hancock Horizon to move above current price in 30 days from now is about 32.26% (This Hancock Horizon Diversified Income Inv probability density function shows the probability of Hancock Horizon Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Hancock Horizon has beta of 0.0167 . This indicates as returns on market go up, Hancock Horizon average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Hancock Horizon Diversified Income Inv will be expected to be much smaller as well. 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.
 Hancock Horizon Price Density 
      Price 
α
Alpha over DOW
=0.07
β
Beta against DOW=0.0167
σ
Overall volatility
=5.22
Ir
Information ratio =0.45

Hancock Horizon Alerts

Hancock Horizon Alerts and Suggestions

Hancock Horizon Dive is not yet fully synchronised with the market data
The fund generated three year return of -1.0%
Hancock Horizon Dive retains about 56.73% of its assets under management (AUM) in fixed income securities

Price Density Drivers

Hancock Horizon Health Indicators

Please also check Risk vs Return Analysis. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.
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