Hodges Blue Chip Fund Market Value
| HDPBX Fund | USD 27.66 0.18 0.66% |
| Symbol | Hodges |
Hodges Blue '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 Hodges Blue'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 Hodges Blue.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Hodges Blue on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Hodges Blue Chip or generate 0.0% return on investment in Hodges Blue over 540 days. Hodges Blue is related to or competes with Morningstar Unconstrained, Thrivent High, Via Renewables, Bayview Acquisition, T Rowe, Coca Cola, and Sitka Gold. The fund invests at least 80 percent of its net assets in large capitalization income producing equity securities More
Hodges Blue 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 Hodges Blue'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 Hodges Blue Chip upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8248 | |||
| Information Ratio | 0.0455 | |||
| Maximum Drawdown | 4.48 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.45 |
Hodges Blue Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hodges Blue's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hodges Blue's standard deviation. In reality, there are many statistical measures that can use Hodges Blue historical prices to predict the future Hodges Blue's volatility.| Risk Adjusted Performance | 0.145 | |||
| Jensen Alpha | 0.0412 | |||
| Total Risk Alpha | 0.0226 | |||
| Sortino Ratio | 0.0487 | |||
| Treynor Ratio | 0.1569 |
Hodges Blue Chip Backtested Returns
Hodges Blue appears to be very steady, given 3 months investment horizon. Hodges Blue Chip holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hodges Blue Chip, which you can use to evaluate the volatility of the entity. Please utilize Hodges Blue's Market Risk Adjusted Performance of 0.1669, risk adjusted performance of 0.145, and Downside Deviation of 0.8248 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.99, which attests to possible diversification benefits within a given portfolio. Hodges Blue returns are very sensitive to returns on the market. As the market goes up or down, Hodges Blue is expected to follow.
Auto-correlation | 0.70 |
Good predictability
Hodges Blue Chip has good predictability. Overlapping area represents the amount of predictability between Hodges Blue time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Hodges Blue Chip price movement. The serial correlation of 0.7 indicates that around 70.0% of current Hodges Blue price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 2.32 |
Hodges Blue Chip lagged returns against current returns
Autocorrelation, which is Hodges Blue 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 Hodges Blue's mutual fund expected returns. We can calculate the autocorrelation of Hodges Blue returns to help us make a trade decision. For example, suppose you find that Hodges Blue 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 |
Hodges Blue 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 Hodges Blue mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hodges Blue mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hodges Blue mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hodges Blue Lagged Returns
When evaluating Hodges Blue's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hodges Blue mutual fund have on its future price. Hodges Blue 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, Hodges Blue autocorrelation shows the relationship between Hodges Blue mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hodges Blue Chip.
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 Hodges Mutual Fund
Hodges Blue financial ratios help investors to determine whether Hodges 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 Hodges with respect to the benefits of owning Hodges Blue security.
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