Federated High Income Fund Market Value
| FHBRX Fund | USD 6.84 0.01 0.15% |
| Symbol | Federated |
Federated High '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 Federated High'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 Federated High.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Federated High on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Federated High Income or generate 0.0% return on investment in Federated High over 180 days. Federated High is related to or competes with Ms Global, T Rowe, Versatile Bond, Ab Global, Maryland Tax, Thrivent Income, and Inflation-protected. The fund pursues its investment objective by investing primarily in a diversified portfolio of sustainable, lower-rated ... More
Federated High 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 Federated High'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 Federated High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1921 | |||
| Information Ratio | (0.81) | |||
| Maximum Drawdown | 0.59 | |||
| Value At Risk | (0.15) | |||
| Potential Upside | 0.2937 |
Federated High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated High's standard deviation. In reality, there are many statistical measures that can use Federated High historical prices to predict the future Federated High's volatility.| Risk Adjusted Performance | 0.0769 | |||
| Jensen Alpha | 0.0032 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.60) | |||
| Treynor Ratio | 0.1717 |
Federated High Income Backtested Returns
At this stage we consider Federated Mutual Fund to be very steady. Federated High Income secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Federated High Income, which you can use to evaluate the volatility of the entity. Please confirm Federated High's Mean Deviation of 0.1093, coefficient of variation of 632.53, and Standard Deviation of 0.1418 to check if the risk estimate we provide is consistent with the expected return of 0.0231%. The fund shows a Beta (market volatility) of 0.0723, which means not very significant fluctuations relative to the market. As returns on the market increase, Federated High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Federated High is expected to be smaller as well.
Auto-correlation | 0.30 |
Below average predictability
Federated High Income has below average predictability. Overlapping area represents the amount of predictability between Federated High time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Federated High Income price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Federated High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Federated High Income lagged returns against current returns
Autocorrelation, which is Federated High 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 Federated High's mutual fund expected returns. We can calculate the autocorrelation of Federated High returns to help us make a trade decision. For example, suppose you find that Federated High 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 |
Federated High 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 Federated High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Federated High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Federated High Lagged Returns
When evaluating Federated High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated High mutual fund have on its future price. Federated High 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, Federated High autocorrelation shows the relationship between Federated High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Federated High Income.
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 Federated Mutual Fund
Federated High financial ratios help investors to determine whether Federated 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 Federated with respect to the benefits of owning Federated High security.
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