The Fixed Income Fund Market Value
| HCHYX Fund | USD 7.40 0.02 0.27% |
| Symbol | THE |
Please note, there is a significant difference between The Fixed's value and its price as these two are different measures arrived at by different means. Investors typically determine if The Fixed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, The Fixed's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
The Fixed '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 The Fixed'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 The Fixed.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in The Fixed on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding The Fixed Income or generate 0.0% return on investment in The Fixed over 720 days. The Fixed is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. The Fixed is entity of United States. It is traded as Fund on NMFQS exchange. More
The Fixed 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 The Fixed'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 The Fixed Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3102 | |||
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.36 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.4104 |
The Fixed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for The Fixed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The Fixed's standard deviation. In reality, there are many statistical measures that can use The Fixed historical prices to predict the future The Fixed's volatility.| Risk Adjusted Performance | 0.0118 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | 0.0029 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of The Fixed's 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.
Fixed Income Backtested Returns
At this stage we consider THE Mutual Fund to be very steady. Fixed Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0772, which indicates the fund had a 0.0772% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The Fixed Income, which you can use to evaluate the volatility of the fund. Please validate The Fixed's Semi Deviation of 0.2212, coefficient of variation of 2437.65, and Risk Adjusted Performance of 0.0118 to confirm if the risk estimate we provide is consistent with the expected return of 0.0194%. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, the Fixed's returns are expected to increase less than the market. However, during the bear market, the loss of holding the Fixed is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
The Fixed Income has good predictability. Overlapping area represents the amount of predictability between The Fixed time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Fixed Income price movement. The serial correlation of 0.78 indicates that around 78.0% of current The Fixed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Fixed Income lagged returns against current returns
Autocorrelation, which is The Fixed 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 The Fixed's mutual fund expected returns. We can calculate the autocorrelation of The Fixed returns to help us make a trade decision. For example, suppose you find that The Fixed 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 |
The Fixed 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 The Fixed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The Fixed mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in The Fixed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
The Fixed Lagged Returns
When evaluating The Fixed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The Fixed mutual fund have on its future price. The Fixed 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, The Fixed autocorrelation shows the relationship between The Fixed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Fixed 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 THE Mutual Fund
The Fixed financial ratios help investors to determine whether THE 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 THE with respect to the benefits of owning The Fixed security.
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