Harbor Small Cap Fund Market Value
| HISVX Fund | USD 39.22 0.28 0.72% |
| Symbol | Harbor |
Harbor Small 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Harbor Small's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Harbor Small.
| 03/04/2024 |
| 06/02/2024 |
If you would invest 0.00 in Harbor Small on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding Harbor Small Cap or generate 0.0% return on investment in Harbor Small over 90 days. Harbor Small is related to or competes with Perkins Mid, Crm Mid, Hotchkis Wiley, Aberdeen Select, and Tcw Relative. The fund invests primarily in equity securities, principally common and preferred stocks, of small cap companies More
Harbor Small Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Harbor Small's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Harbor Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9382 | |||
| Information Ratio | 0.0632 | |||
| Maximum Drawdown | 4.36 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.54 |
Harbor Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor Small's standard deviation. In reality, there are many statistical measures that can use Harbor Small historical prices to predict the future Harbor Small's volatility.| Risk Adjusted Performance | 0.0744 | |||
| Jensen Alpha | 0.0472 | |||
| Total Risk Alpha | 0.0413 | |||
| Sortino Ratio | 0.0596 | |||
| Treynor Ratio | 0.0731 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harbor Small's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Harbor Small Cap Backtested Returns
We consider Harbor Small very steady. Harbor Small Cap holds Efficiency (Sharpe) Ratio of 0.0905, which attests that the entity had a 0.0905% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Harbor Small Cap, which you can use to evaluate the volatility of the entity. Please check out Harbor Small's Risk Adjusted Performance of 0.0744, downside deviation of 0.9382, and Market Risk Adjusted Performance of 0.0831 to validate if the risk estimate we provide is consistent with the expected return of 0.0807%. The fund retains a Market Volatility (i.e., Beta) of 1.25, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Harbor Small will likely underperform.
Auto-correlation | 0.51 |
Modest predictability
Harbor Small Cap has modest predictability. Overlapping area represents the amount of predictability between Harbor Small time series from 4th of March 2024 to 18th of April 2024 and 18th of April 2024 to 2nd of June 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Harbor Small Cap price movement. The serial correlation of 0.51 indicates that about 51.0% of current Harbor Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
Harbor Small Cap lagged returns against current returns
Autocorrelation, which is Harbor Small mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Harbor Small's mutual fund expected returns. We can calculate the autocorrelation of Harbor Small returns to help us make a trade decision. For example, suppose you find that Harbor Small has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Harbor Small regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Harbor Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harbor Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Harbor Small Lagged Returns
When evaluating Harbor Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbor Small mutual fund have on its future price. Harbor Small autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Harbor Small autocorrelation shows the relationship between Harbor Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Harbor Small Cap.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Harbor Small Correlation, Harbor Small Volatility and Harbor Small Alpha and Beta module to complement your research on Harbor Small. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Harbor Small technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.