Harbor Diversified International Fund Market Value
| HNIDX Fund | USD 12.90 0.12 0.94% |
| Symbol | Harbor |
Harbor Diversified '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 Diversified'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 Diversified.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Harbor Diversified on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Harbor Diversified International or generate 0.0% return on investment in Harbor Diversified over 540 days. Harbor Diversified is related to or competes with The Hartford, Alger Health, Live Oak, Highland Longshort, Health Care, Alphacentric Lifesci, and Blackrock Health. The fund invests primarily in common and preferred stocks of foreign companies More
Harbor Diversified 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 Diversified'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 Diversified International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.13 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.24 |
Harbor Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor Diversified's standard deviation. In reality, there are many statistical measures that can use Harbor Diversified historical prices to predict the future Harbor Diversified's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harbor Diversified'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 Diversified Backtested Returns
At this stage we consider Harbor Mutual Fund to be very steady. Harbor Diversified holds Efficiency (Sharpe) Ratio of 0.001, which attests that the entity had a 0.001% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Harbor Diversified, which you can use to evaluate the volatility of the entity. Please check out Harbor Diversified's Market Risk Adjusted Performance of (0.05), risk adjusted performance of (0.02), and Standard Deviation of 0.8272 to validate if the risk estimate we provide is consistent with the expected return of 8.0E-4%. The fund retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Harbor Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harbor Diversified is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
Harbor Diversified International has weak predictability. Overlapping area represents the amount of predictability between Harbor Diversified time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Diversified price movement. The serial correlation of 0.21 indicates that over 21.0% of current Harbor Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Harbor Diversified lagged returns against current returns
Autocorrelation, which is Harbor Diversified 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 Diversified's mutual fund expected returns. We can calculate the autocorrelation of Harbor Diversified returns to help us make a trade decision. For example, suppose you find that Harbor Diversified 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 Diversified 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 Diversified mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor Diversified 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 Diversified mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Harbor Diversified Lagged Returns
When evaluating Harbor Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbor Diversified mutual fund have on its future price. Harbor Diversified 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 Diversified autocorrelation shows the relationship between Harbor Diversified mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Harbor Diversified International.
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 Diversified 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 Diversified security.
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