Hawaii Municipal Bond Fund Market Value
| BSHIX Fund | USD 9.91 0.01 0.10% |
| Symbol | Hawaii |
Hawaii Municipal '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 Hawaii Municipal'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 Hawaii Municipal.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Hawaii Municipal on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hawaii Municipal Bond or generate 0.0% return on investment in Hawaii Municipal over 30 days. Hawaii Municipal is related to or competes with Hawaii Municipal, American Funds, American Mutual, Pimco High, Fidelity Otc, and American Mutual. The fund invests at least 80 percent of its net assets in investment grade municipal bonds, the interest from which is e... More
Hawaii Municipal 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 Hawaii Municipal'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 Hawaii Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2916 | |||
| Information Ratio | (0.76) | |||
| Maximum Drawdown | 0.9125 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.2033 |
Hawaii Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hawaii Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hawaii Municipal's standard deviation. In reality, there are many statistical measures that can use Hawaii Municipal historical prices to predict the future Hawaii Municipal's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.003 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.43) | |||
| Treynor Ratio | 0.0672 |
Hawaii Municipal Bond Backtested Returns
At this stage we consider Hawaii Mutual Fund to be very steady. Hawaii Municipal Bond holds Efficiency (Sharpe) Ratio of 0.0293, which attests that the entity had a 0.0293% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hawaii Municipal Bond, which you can use to evaluate the volatility of the entity. Please check out Hawaii Municipal's Downside Deviation of 0.2916, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of 0.0772 to validate if the risk estimate we provide is consistent with the expected return of 0.0049%. The fund retains a Market Volatility (i.e., Beta) of -0.0556, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hawaii Municipal are expected to decrease at a much lower rate. During the bear market, Hawaii Municipal is likely to outperform the market.
Auto-correlation | 0.30 |
Below average predictability
Hawaii Municipal Bond has below average predictability. Overlapping area represents the amount of predictability between Hawaii Municipal time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Hawaii Municipal Bond price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Hawaii Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hawaii Municipal Bond lagged returns against current returns
Autocorrelation, which is Hawaii Municipal 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 Hawaii Municipal's mutual fund expected returns. We can calculate the autocorrelation of Hawaii Municipal returns to help us make a trade decision. For example, suppose you find that Hawaii Municipal 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 |
Hawaii Municipal 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 Hawaii Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hawaii Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hawaii Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hawaii Municipal Lagged Returns
When evaluating Hawaii Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hawaii Municipal mutual fund have on its future price. Hawaii Municipal 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, Hawaii Municipal autocorrelation shows the relationship between Hawaii Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hawaii Municipal Bond.
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.Other Information on Investing in Hawaii Mutual Fund
Hawaii Municipal financial ratios help investors to determine whether Hawaii Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hawaii with respect to the benefits of owning Hawaii Municipal security.
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