Heritage Fund Investor Fund Market Value
TWHIX Fund | USD 24.60 0.09 0.37% |
Symbol | Heritage |
Heritage Fund '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 Heritage Fund'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 Heritage Fund.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Heritage Fund on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Heritage Fund Investor or generate 0.0% return on investment in Heritage Fund over 30 days. Heritage Fund is related to or competes with USCF Gold, Mid Cap, Equity Growth, Income Growth, Diversified Bond, Emerging Markets, and Diversified Bond. The fund normally invests in stocks of medium-sized companies that the adviser believes will increase in value over time... More
Heritage Fund 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 Heritage Fund'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 Heritage Fund Investor upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.9019 | |||
Information Ratio | 0.0868 | |||
Maximum Drawdown | 4.16 | |||
Value At Risk | (1.51) | |||
Potential Upside | 2.07 |
Heritage Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heritage Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heritage Fund's standard deviation. In reality, there are many statistical measures that can use Heritage Fund historical prices to predict the future Heritage Fund's volatility.Risk Adjusted Performance | 0.1276 | |||
Jensen Alpha | 0.2087 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | 0.0958 | |||
Treynor Ratio | 13.33 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heritage Fund'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.
Heritage Fund Investor Backtested Returns
Heritage Fund appears to be very steady, given 3 months investment horizon. Heritage Fund Investor holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Heritage Fund Investor, which you can use to evaluate the volatility of the entity. Please utilize Heritage Fund's Market Risk Adjusted Performance of 13.34, risk adjusted performance of 0.1276, and Downside Deviation of 0.9019 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.0158, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Heritage Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Heritage Fund is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
Heritage Fund Investor has average predictability. Overlapping area represents the amount of predictability between Heritage Fund time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Heritage Fund Investor price movement. The serial correlation of 0.48 indicates that about 48.0% of current Heritage Fund price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.48 | |
Spearman Rank Test | 0.34 | |
Residual Average | 0.0 | |
Price Variance | 0.06 |
Heritage Fund Investor lagged returns against current returns
Autocorrelation, which is Heritage Fund 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 Heritage Fund's mutual fund expected returns. We can calculate the autocorrelation of Heritage Fund returns to help us make a trade decision. For example, suppose you find that Heritage Fund 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 |
Heritage Fund 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 Heritage Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heritage Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heritage Fund mutual fund over time.
Current vs Lagged Prices |
Timeline |
Heritage Fund Lagged Returns
When evaluating Heritage Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heritage Fund mutual fund have on its future price. Heritage Fund 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, Heritage Fund autocorrelation shows the relationship between Heritage Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Heritage Fund Investor.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out Heritage Fund Correlation, Heritage Fund Volatility and Heritage Fund Alpha and Beta module to complement your research on Heritage Fund. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Heritage Mutual Fund analysis
When running Heritage Fund's price analysis, check to measure Heritage Fund's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Heritage Fund is operating at the current time. Most of Heritage Fund's value examination focuses on studying past and present price action to predict the probability of Heritage Fund's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heritage Fund's price. Additionally, you may evaluate how the addition of Heritage Fund to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
Heritage Fund 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.