HEALTH Mutual Fund Manager Performance Evaluation

The fund owns a Beta (Systematic Risk) of -0.1269, which attests to not very significant fluctuations relative to the market. Let's try to break down what HEALTH's beta means in this case. As returns on the market increase, returns on owning HEALTH CARE are expected to decrease at a much lower rate. During the bear market, HEALTH CARE is likely to outperform the market. Although it is important to respect HEALTH CARE FUND existing price patterns, it is better to be realistic regarding the information on the equity's price patterns. The approach to determining future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating HEALTH CARE FUND technical indicators, you can at this time evaluate if the expected return of 0.0675% will be sustainable into the future.
  
HEALTH Performance
0 of 100
Over the last 90 days HEALTH CARE FUND has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward indicators, HEALTH CARE is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors.
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Fifty Two Week Low34.63
Fifty Two Week High44.52

HEALTH CARE Relative Risk vs. Return Landscape

If you would invest  3,750  in HEALTH CARE FUND on November 1, 2022 and sell it today you would earn a total of  145.00  from holding HEALTH CARE FUND or generate 3.87% return on investment over 90 days. HEALTH CARE FUND is currently producing 0.0675% returns and takes up 1.0437% volatility of returns over 90 trading days. Put another way, 9% of traded mutual funds are less volatile than HEALTH, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon HEALTH CARE is expected to generate 1.95 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.08 times less risky than the market. It trades about 0.06 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.12 of returns per unit of risk over similar time horizon.

HEALTH CARE Current Valuation

Undervalued
Today 38.95
Please note that HEALTH CARE's price fluctuation is out of control at this time.
HEALTH CARE FUND latest Real Value cannot be determined due to lack of data. The recent price of HEALTH CARE FUND is $38.95. Based on Macroaxis valuation methodology, the entity cannot be evaluated at this time. We determine the value of HEALTH CARE FUND from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some future date, mutual fund prices and their ongoing real values will blend.
Our valuation method for HEALTH CARE FUND is useful when determining the fair value of the HEALTH mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of HEALTH CARE. Since HEALTH CARE is currently traded on the exchange, buyers and sellers on that exchange determine the market value of HEALTH Mutual Fund. However, HEALTH CARE's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
0.00
Real Value
1.04
Upside
Estimating the potential upside or downside of HEALTH CARE FUND helps investors to forecast how HEALTH mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of HEALTH CARE more accurately as focusing exclusively on HEALTH CARE's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
38.1138.6939.27
Details
Hype
Prediction
LowEstimated ValueHigh
0.000.001.04
Details
Naive
Forecast
LowNext ValueHigh
37.6638.7039.75
Details

HEALTH CARE Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for HEALTH CARE's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as HEALTH CARE FUND, and traders can use it to determine the average amount a HEALTH CARE's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0647

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Estimated Market Risk
 1.04
  actual daily
 
 9 %
of total potential
 
99
Expected Return
 0.07
  actual daily
 
 1 %
of total potential
 
11
Risk-Adjusted Return
 0.06
  actual daily
 
 4 %
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44
Based on monthly moving average HEALTH CARE is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of HEALTH CARE by adding it to a well-diversified portfolio.

About HEALTH CARE Performance

To evaluate HEALTH CARE FUND Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when HEALTH CARE generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare HEALTH Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand HEALTH CARE FUND market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents HEALTH's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Health Care Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. Rydex Series is traded on NASDAQ Exchange in the United States.

Things to note about HEALTH CARE FUND

Checking the ongoing alerts about HEALTH CARE for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for HEALTH CARE FUND help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Additionally, take a look at Your Equity Center. You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for analysis

When running HEALTH CARE FUND price analysis, check to measure HEALTH CARE'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 HEALTH CARE is operating at the current time. Most of HEALTH CARE's value examination focuses on studying past and present price action to predict the probability of HEALTH CARE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move HEALTH CARE's price. Additionally, you may evaluate how the addition of HEALTH CARE to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between HEALTH CARE's value and its price as these two are different measures arrived at by different means. Investors typically determine HEALTH CARE value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HEALTH CARE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.