Hotchkis Wiley Mid Cap Fund Market Value
| HWMCX Fund | USD 45.60 0.38 0.84% |
| Symbol | Hotchkis |
Hotchkis Wiley '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 Hotchkis Wiley'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 Hotchkis Wiley.
| 06/09/2022 |
| 05/29/2024 |
If you would invest 0.00 in Hotchkis Wiley on June 9, 2022 and sell it all today you would earn a total of 0.00 from holding Hotchkis Wiley Mid Cap or generate 0.0% return on investment in Hotchkis Wiley over 720 days. Hotchkis Wiley is related to or competes with Fidelity Low-priced, John Hancock, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Via Renewables. The fund normally invests at least 80 percent of its net assets plus borrowings for investment purposes in equity securi... More
Hotchkis Wiley 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 Hotchkis Wiley'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 Hotchkis Wiley Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9824 | |||
| Information Ratio | 0.0404 | |||
| Maximum Drawdown | 4.57 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.04 |
Hotchkis Wiley Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hotchkis Wiley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hotchkis Wiley's standard deviation. In reality, there are many statistical measures that can use Hotchkis Wiley historical prices to predict the future Hotchkis Wiley's volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | 0.0539 | |||
| Total Risk Alpha | 0.0232 | |||
| Sortino Ratio | 0.0343 | |||
| Treynor Ratio | 0.3071 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hotchkis Wiley'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.
Hotchkis Wiley Mid Backtested Returns
We consider Hotchkis Wiley very steady. Hotchkis Wiley Mid holds Efficiency (Sharpe) Ratio of 0.0692, which attests that the entity had a 0.0692% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hotchkis Wiley Mid, which you can use to evaluate the volatility of the entity. Please check out Hotchkis Wiley's Downside Deviation of 0.9824, market risk adjusted performance of 0.3171, and Risk Adjusted Performance of 0.0513 to validate if the risk estimate we provide is consistent with the expected return of 0.0582%. The fund retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hotchkis Wiley's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hotchkis Wiley is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
Hotchkis Wiley Mid Cap has below average predictability. Overlapping area represents the amount of predictability between Hotchkis Wiley time series from 9th of June 2022 to 4th of June 2023 and 4th of June 2023 to 29th of May 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 Hotchkis Wiley Mid price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Hotchkis Wiley price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 5.46 |
Hotchkis Wiley Mid lagged returns against current returns
Autocorrelation, which is Hotchkis Wiley 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 Hotchkis Wiley's mutual fund expected returns. We can calculate the autocorrelation of Hotchkis Wiley returns to help us make a trade decision. For example, suppose you find that Hotchkis Wiley 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 |
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Hotchkis Wiley 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 Hotchkis Wiley mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hotchkis Wiley mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hotchkis Wiley mutual fund over time.
Current vs Lagged Prices |
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Hotchkis Wiley Lagged Returns
When evaluating Hotchkis Wiley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hotchkis Wiley mutual fund have on its future price. Hotchkis Wiley 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, Hotchkis Wiley autocorrelation shows the relationship between Hotchkis Wiley mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hotchkis Wiley Mid 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 Hotchkis Wiley Correlation, Hotchkis Wiley Volatility and Hotchkis Wiley Alpha and Beta module to complement your research on Hotchkis Wiley. Note that the Hotchkis Wiley Mid information on this page should be used as a complementary analysis to other Hotchkis Wiley's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Hotchkis Wiley 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.