Hotchkis And Wiley Fund Market Value
| HWNIX Fund | USD 12.68 0.07 0.56% |
| Symbol | Hotchkis |
Hotchkis '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' 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.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Hotchkis on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hotchkis And Wiley or generate 0.0% return on investment in Hotchkis over 30 days. Hotchkis is related to or competes with Dodge Cox, Dodge International, and Oakmark International. The fund invests primarily in non-U.S. companies, which may include companies located or operating in developed or emerg... More
Hotchkis 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' 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 And Wiley upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.736 | |||
| Information Ratio | 0.0175 | |||
| Maximum Drawdown | 3.26 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 0.9934 |
Hotchkis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hotchkis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hotchkis' standard deviation. In reality, there are many statistical measures that can use Hotchkis historical prices to predict the future Hotchkis' volatility.| Risk Adjusted Performance | 0.094 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | 0.0052 | |||
| Sortino Ratio | 0.0161 | |||
| Treynor Ratio | 0.1062 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hotchkis' 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 And Wiley Backtested Returns
We consider Hotchkis very steady. Hotchkis And Wiley holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hotchkis And Wiley, which you can use to evaluate the volatility of the entity. Please check out Hotchkis' Market Risk Adjusted Performance of 0.1162, risk adjusted performance of 0.094, and Downside Deviation of 0.736 to validate if the risk estimate we provide is consistent with the expected return of 0.0872%. The fund retains a Market Volatility (i.e., Beta) of 0.86, which attests to possible diversification benefits within a given portfolio. Hotchkis returns are very sensitive to returns on the market. As the market goes up or down, Hotchkis is expected to follow.
Auto-correlation | -0.4 |
Poor reverse predictability
Hotchkis And Wiley has poor reverse predictability. Overlapping area represents the amount of predictability between Hotchkis time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th of April 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 And Wiley price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Hotchkis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Hotchkis And Wiley lagged returns against current returns
Autocorrelation, which is Hotchkis 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' mutual fund expected returns. We can calculate the autocorrelation of Hotchkis returns to help us make a trade decision. For example, suppose you find that Hotchkis 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 |
Hotchkis 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hotchkis 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hotchkis Lagged Returns
When evaluating Hotchkis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hotchkis mutual fund have on its future price. Hotchkis 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 autocorrelation shows the relationship between Hotchkis mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hotchkis And Wiley.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hotchkis in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hotchkis' short interest history, or implied volatility extrapolated from Hotchkis options trading.
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Hotchkis 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.