Heartland Value Fund Market Value
| HRTVX Fund | USD 55.61 1.06 1.94% |
| Symbol | Heartland |
Heartland Value '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 Heartland Value'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 Heartland Value.
| 01/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Heartland Value on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Heartland Value Fund or generate 0.0% return on investment in Heartland Value over 690 days. Heartland Value is related to or competes with Muhlenkamp Fund, Heartland Value, Buffalo Small, Aggressive Investors, and Putnam Small. The fund invests primarily in common stocks of small companies with market capitalizations less than the largest companies in the Russell 2000 Value Index, and may invest a significant portion of its assets in micro-capitalization securities, generally those with market capitalizations of less than 500 million at the time of purchase. More
Heartland Value 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 Heartland Value'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 Heartland Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.896 | |||
| Information Ratio | 0.052 | |||
| Maximum Drawdown | 6.41 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 2.01 |
Heartland Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heartland Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heartland Value's standard deviation. In reality, there are many statistical measures that can use Heartland Value historical prices to predict the future Heartland Value's volatility.| Risk Adjusted Performance | 0.1277 | |||
| Jensen Alpha | 0.0194 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.069 | |||
| Treynor Ratio | 0.1352 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heartland Value'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.
Heartland Value Backtested Returns
At this stage we consider Heartland Mutual Fund to be very steady. Heartland Value holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Heartland Value, which you can use to evaluate the volatility of the entity. Please check out Heartland Value's risk adjusted performance of 0.1277, and Market Risk Adjusted Performance of 0.1452 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The fund retains a Market Volatility (i.e., Beta) of 1.35, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Heartland Value will likely underperform.
Auto-correlation | 0.13 |
Insignificant predictability
Heartland Value Fund has insignificant predictability. Overlapping area represents the amount of predictability between Heartland Value time series from 4th of January 2023 to 15th of December 2023 and 15th of December 2023 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 Heartland Value price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Heartland Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 8.53 |
Heartland Value lagged returns against current returns
Autocorrelation, which is Heartland Value 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 Heartland Value's mutual fund expected returns. We can calculate the autocorrelation of Heartland Value returns to help us make a trade decision. For example, suppose you find that Heartland Value 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 |
Heartland Value 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 Heartland Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heartland Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heartland Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Heartland Value Lagged Returns
When evaluating Heartland Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heartland Value mutual fund have on its future price. Heartland Value 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, Heartland Value autocorrelation shows the relationship between Heartland Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Heartland Value Fund.
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 Heartland Mutual Fund
Heartland Value financial ratios help investors to determine whether Heartland 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 Heartland with respect to the benefits of owning Heartland Value security.
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