Federated Hermes Conservative Fund Market Value
| FHCOX Fund | USD 10.01 0.00 0.00% |
| Symbol | Federated |
Federated Hermes '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 Hermes' 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 Hermes.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Federated Hermes on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Federated Hermes Conservative or generate 0.0% return on investment in Federated Hermes over 180 days. Federated Hermes is related to or competes with T Rowe, Artisan High, Morningstar Aggressive, Western Asset, and T Rowe. The fund seeks to invest all of its assets in investment-grade, fixed-income securities , including but not limited to r... More
Federated Hermes 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 Hermes' 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 Hermes Conservative upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.23) | |||
| Maximum Drawdown | 0.6037 | |||
| Potential Upside | 0.1008 |
Federated Hermes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated Hermes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated Hermes' standard deviation. In reality, there are many statistical measures that can use Federated Hermes historical prices to predict the future Federated Hermes' volatility.| Risk Adjusted Performance | 0.0889 | |||
| Jensen Alpha | 0.0108 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (1.30) |
Federated Hermes Con Backtested Returns
At this stage we consider Federated Mutual Fund to be very steady. Federated Hermes Con secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the fund had a 0.17% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Federated Hermes Conservative, which you can use to evaluate the volatility of the entity. Please confirm Federated Hermes' Variance of 0.0091, mean deviation of 0.0428, and Standard Deviation of 0.0955 to check if the risk estimate we provide is consistent with the expected return of 0.0144%. The fund shows a Beta (market volatility) of -0.0076, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Federated Hermes are expected to decrease at a much lower rate. During the bear market, Federated Hermes is likely to outperform the market.
Auto-correlation | 0.96 |
Excellent predictability
Federated Hermes Conservative has excellent predictability. Overlapping area represents the amount of predictability between Federated Hermes 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 Hermes Con price movement. The serial correlation of 0.96 indicates that 96.0% of current Federated Hermes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Federated Hermes Con lagged returns against current returns
Autocorrelation, which is Federated Hermes 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 Hermes' mutual fund expected returns. We can calculate the autocorrelation of Federated Hermes returns to help us make a trade decision. For example, suppose you find that Federated Hermes 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 Hermes 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 Hermes mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated Hermes 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 Hermes mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Federated Hermes Lagged Returns
When evaluating Federated Hermes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated Hermes mutual fund have on its future price. Federated Hermes 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 Hermes autocorrelation shows the relationship between Federated Hermes mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Federated Hermes Conservative.
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 Hermes 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 Hermes security.
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