Harbor Capital Appreciation Fund Market Value
| HCAIX Fund | USD 113.28 0.38 0.33% |
| Symbol | Harbor |
Harbor Capital '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 Capital'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 Harbor Capital.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Harbor Capital on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Harbor Capital Appreciation or generate 0.0% return on investment in Harbor Capital over 30 days. Harbor Capital is related to or competes with Harbor International, Large Cap, Harbor Capital, Harbor Mid, and Akre Focus. The fund invests primarily in equity securities, principally common and preferred stocks, of U.S More
Harbor Capital 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 Capital'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 Harbor Capital Appreciation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.14 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 1.72 |
Harbor Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor Capital's standard deviation. In reality, there are many statistical measures that can use Harbor Capital historical prices to predict the future Harbor Capital's volatility.| Risk Adjusted Performance | 0.063 | |||
| Jensen Alpha | 0.0882 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.77) |
Harbor Capital Appre Backtested Returns
At this stage we consider Harbor Mutual Fund to be very steady. Harbor Capital Appre holds Efficiency (Sharpe) Ratio of 0.0942, which attests that the entity had a 0.0942% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Harbor Capital Appre, which you can use to evaluate the volatility of the entity. Please check out Harbor Capital's Downside Deviation of 1.4, risk adjusted performance of 0.063, and Market Risk Adjusted Performance of (0.76) to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The fund retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Harbor Capital are expected to decrease at a much lower rate. During the bear market, Harbor Capital is likely to outperform the market.
Auto-correlation | 0.42 |
Average predictability
Harbor Capital Appreciation has average predictability. Overlapping area represents the amount of predictability between Harbor Capital time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Harbor Capital Appre price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Harbor Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 1.25 |
Harbor Capital Appre lagged returns against current returns
Autocorrelation, which is Harbor Capital 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 Capital's mutual fund expected returns. We can calculate the autocorrelation of Harbor Capital returns to help us make a trade decision. For example, suppose you find that Harbor Capital 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 Capital 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 Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor Capital 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 Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Harbor Capital Lagged Returns
When evaluating Harbor Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbor Capital mutual fund have on its future price. Harbor Capital 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 Capital autocorrelation shows the relationship between Harbor Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Harbor Capital Appreciation.
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 Capital 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 Capital security.
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