Hancock Horizon Probability of Target Price Finishing Over Current Price

    HHIAX -- USA Fund  

    USD 12.72  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
     12.72 30 days 12.72  ABOUT 21.66%
    Based on normal probability distribution, the odds of Hancock Horizon to move above current price in 30 days from now is about 21.66% (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 0.023 . 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 Hancock Horizon Diversified Income Inv has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Hancock Horizon Price Density 
          Price 
    α
    Alpha over DOW
    =0.09
    β
    Beta against DOW=0.023
    σ
    Overall volatility
    =6.50
    Ir
    Information ratio =0.03

    Hancock Horizon Alerts

    Hancock Horizon Alerts and Suggestions

    Hancock Horizon Dive is not yet fully synchronised with the market data
    Hancock Horizon Dive generates negative expected return over the last 30 days
    The fund generated three year return of -1.0%
    Hancock Horizon Diversified Income Inv retains about 53.35% 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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