Harbor Strategic Growth Fund Market Value
| HISWX Fund | USD 24.64 0.00 0.00% |
| Symbol | Harbor |
Harbor Strategic '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 Strategic'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 Strategic.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Harbor Strategic on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Harbor Strategic Growth or generate 0.0% return on investment in Harbor Strategic over 90 days. Harbor Strategic is related to or competes with Pace High, Needham Aggressive, California High-yield, Copeland Risk, Morningstar Aggressive, and Multimanager Lifestyle. The fund invests in equity securities that the Subadviser believes have strong growth characteristics and are undervalue... More
Harbor Strategic 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 Strategic'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 Strategic Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8079 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.69 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.02 |
Harbor Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor Strategic's standard deviation. In reality, there are many statistical measures that can use Harbor Strategic historical prices to predict the future Harbor Strategic's volatility.| Risk Adjusted Performance | 0.0453 | |||
| Jensen Alpha | 0.0141 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.2033 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harbor Strategic'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.
Harbor Strategic Growth Backtested Returns
At this stage we consider Harbor Mutual Fund to be very steady. Harbor Strategic Growth holds Efficiency (Sharpe) Ratio of 0.0441, which attests that the entity had a 0.0441% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Harbor Strategic Growth, which you can use to evaluate the volatility of the entity. Please check out Harbor Strategic's Market Risk Adjusted Performance of 0.2133, downside deviation of 0.8079, and Risk Adjusted Performance of 0.0453 to validate if the risk estimate we provide is consistent with the expected return of 0.0332%. The fund retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harbor Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harbor Strategic is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
Harbor Strategic Growth has very weak reverse predictability. Overlapping area represents the amount of predictability between Harbor Strategic time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Strategic Growth price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Harbor Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Harbor Strategic Growth lagged returns against current returns
Autocorrelation, which is Harbor Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Harbor Strategic returns to help us make a trade decision. For example, suppose you find that Harbor Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Harbor Strategic Lagged Returns
When evaluating Harbor Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbor Strategic mutual fund have on its future price. Harbor Strategic 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 Strategic autocorrelation shows the relationship between Harbor Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Harbor Strategic Growth.
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 Strategic 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 Strategic security.
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