Hancock Horizon Probability of Target Price Finishing Over Current Price

HHIAX -- USA Fund  

USD 13.17  0.08  0.61%

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 Hancock Horizon Backtesting, Portfolio Optimization, Hancock Horizon Correlation, Hancock Horizon Hype Analysis, Hancock Horizon Volatility, Hancock Horizon History as well as Hancock Horizon Performance.
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
 13.17 30 days 13.17  ABOUT 48.44%
Based on normal probability distribution, the odds of Hancock Horizon to move above current price in 30 days from now is about 48.44% (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 0.2236 . 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 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.05
β
Beta against DOW=0.22
σ
Overall volatility
=0.023081
Ir
Information ratio =0.82

Hancock Horizon Alerts

Hancock Horizon Alerts and Suggestions

Hancock Horizon Dive generates negative expected return over the last 30 days
On August 30, 2018 Hancock Horizon paid $ 0.043 per share dividend to its current shareholders
Latest headline from www.yahoo.com: MARKETS Stocks climb as Amazon approaches 2000, but Glaukos is the stock of the day
The fund generated three year return of -1.0%
Hancock Horizon Diversified Income Inv retains about 56.0% of its assets under management (AUM) in fixed income securities

Price Density Drivers

Hancock Horizon Health Indicators

Please also check Hancock Horizon Backtesting, Portfolio Optimization, Hancock Horizon Correlation, Hancock Horizon Hype Analysis, Hancock Horizon Volatility, Hancock Horizon History as well as Hancock Horizon Performance. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.
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