Harbor Mid Cap Fund Market Value
| HRMGX Fund | USD 5.53 0.03 0.55% |
| Symbol | HARBOR |
Harbor Mid '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 Mid'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 Mid.
| 02/04/2024 |
| 11/30/2024 |
If you would invest 0.00 in Harbor Mid on February 4, 2024 and sell it all today you would earn a total of 0.00 from holding Harbor Mid Cap or generate 0.0% return on investment in Harbor Mid over 300 days. Harbor Mid is related to or competes with Alliancebernstein, Needham Aggressive, Strategic Allocation:, Aqr Risk-balanced, Lgm Risk, T Rowe, and Federated Institutional. Under normal market conditions, the fund invests primarily in equity securities, principally common stocks, of companies... More
Harbor Mid 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 Mid'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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.0862 | |||
| Maximum Drawdown | 5.68 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.59 |
Harbor Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbor Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbor Mid's standard deviation. In reality, there are many statistical measures that can use Harbor Mid historical prices to predict the future Harbor Mid's volatility.| Risk Adjusted Performance | 0.1702 | |||
| Jensen Alpha | 0.2054 | |||
| Total Risk Alpha | 0.0441 | |||
| Sortino Ratio | 0.0796 | |||
| Treynor Ratio | 2.45 |
Harbor Mid Cap Backtested Returns
Harbor Mid appears to be not too volatile, given 3 months investment horizon. Harbor Mid Cap holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Harbor Mid Cap, which you can use to evaluate the volatility of the entity. Please utilize Harbor Mid's Downside Deviation of 1.12, risk adjusted performance of 0.1702, and Market Risk Adjusted Performance of 2.46 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.0886, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harbor Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harbor Mid is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Harbor Mid Cap has good reverse predictability. Overlapping area represents the amount of predictability between Harbor Mid time series from 4th of February 2024 to 3rd of July 2024 and 3rd of July 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 Mid Cap price movement. The serial correlation of -0.52 indicates that about 52.0% of current Harbor Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Harbor Mid Cap lagged returns against current returns
Autocorrelation, which is Harbor Mid 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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Harbor Mid returns to help us make a trade decision. For example, suppose you find that Harbor Mid 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbor Mid 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 Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Harbor Mid Lagged Returns
When evaluating Harbor Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbor Mid mutual fund have on its future price. Harbor Mid 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 Mid autocorrelation shows the relationship between Harbor Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Harbor Mid Cap.
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 Mid 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 Mid security.
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