Harbor Overseas Fund Market Value
| HAOSX Fund | USD 13.53 0.20 1.50% |
| Symbol | Harbor |
Harbor Overseas '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 Harbor Overseas' 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 Harbor Overseas.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Harbor Overseas on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Harbor Overseas or generate 0.0% return on investment in Harbor Overseas over 90 days. Harbor Overseas is related to or competes with Chase Growth, Qs Growth, Pace Small/medium, Smallcap Growth, Qs Moderate, Goldman Sachs, and William Blair. The fund invests at least 80 percent of its assets in a diversified portfolio of non-U.S More
Harbor Overseas 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 Harbor Overseas' 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 Harbor Overseas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8586 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.48 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.5 |
Harbor Overseas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Overseas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor Overseas' standard deviation. In reality, there are many statistical measures that can use Harbor Overseas historical prices to predict the future Harbor Overseas' volatility.| Risk Adjusted Performance | 0.0029 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harbor Overseas' 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.
Harbor Overseas Backtested Returns
At this stage we consider Harbor Mutual Fund to be out of control. Harbor Overseas holds Efficiency (Sharpe) Ratio of 0.0258, which attests that the entity had a 0.0258% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Harbor Overseas, which you can use to evaluate the volatility of the entity. Please check out Harbor Overseas' Downside Deviation of 0.8586, insignificant market risk adjusted performance, and Risk Adjusted Performance of 0.0029 to validate if the risk estimate we provide is consistent with the expected return of 0.0205%. The fund retains a Market Volatility (i.e., Beta) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Harbor Overseas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Harbor Overseas is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Harbor Overseas has insignificant reverse predictability. Overlapping area represents the amount of predictability between Harbor Overseas time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 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 Harbor Overseas price movement. The serial correlation of -0.2 indicates that over 20.0% of current Harbor Overseas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Harbor Overseas lagged returns against current returns
Autocorrelation, which is Harbor Overseas 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 Harbor Overseas' mutual fund expected returns. We can calculate the autocorrelation of Harbor Overseas returns to help us make a trade decision. For example, suppose you find that Harbor Overseas 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 |
Harbor Overseas 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 Harbor Overseas mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor Overseas mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harbor Overseas mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Harbor Overseas Lagged Returns
When evaluating Harbor Overseas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbor Overseas mutual fund have on its future price. Harbor Overseas 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, Harbor Overseas autocorrelation shows the relationship between Harbor Overseas mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Harbor Overseas.
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 Harbor Mutual Fund
Harbor Overseas financial ratios help investors to determine whether Harbor 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 Harbor with respect to the benefits of owning Harbor Overseas security.
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