Henderson European Focus Fund Market Value
| HFECX Fund | USD 43.01 0.28 0.66% |
| Symbol | Henderson |
Henderson European '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 Henderson European'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 Henderson European.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Henderson European on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Henderson European Focus or generate 0.0% return on investment in Henderson European over 570 days. Henderson European is related to or competes with Henderson European, Invesco European, Henderson Global, and Oppenheimer Developing. The fund invests at least 80 percent of its net assets in equity securities of European companies More
Henderson European 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 Henderson European'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 Henderson European Focus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 4.44 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.27 |
Henderson European Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Henderson European's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Henderson European's standard deviation. In reality, there are many statistical measures that can use Henderson European historical prices to predict the future Henderson European's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Henderson European'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.
Henderson European Focus Backtested Returns
Henderson European Focus holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Henderson European Focus exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Henderson European's Risk Adjusted Performance of (0.09), market risk adjusted performance of (0.23), and Standard Deviation of 0.9271 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Henderson European's returns are expected to increase less than the market. However, during the bear market, the loss of holding Henderson European is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
Henderson European Focus has very weak reverse predictability. Overlapping area represents the amount of predictability between Henderson European time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Henderson European Focus price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Henderson European price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
Henderson European Focus lagged returns against current returns
Autocorrelation, which is Henderson European 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 Henderson European's mutual fund expected returns. We can calculate the autocorrelation of Henderson European returns to help us make a trade decision. For example, suppose you find that Henderson European 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 |
Henderson European 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 Henderson European mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Henderson European mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Henderson European mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Henderson European Lagged Returns
When evaluating Henderson European's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Henderson European mutual fund have on its future price. Henderson European 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, Henderson European autocorrelation shows the relationship between Henderson European mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Henderson European Focus.
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 Henderson Mutual Fund
Henderson European financial ratios help investors to determine whether Henderson 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 Henderson with respect to the benefits of owning Henderson European security.
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