HUSI11 (Brazil) Market Value
| HUSI11 Fund | 1,225 0.00 0.00% |
| Symbol | HUSI11 |
HUSI11 '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 HUSI11's 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 HUSI11.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in HUSI11 on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding HUSI11 or generate 0.0% return on investment in HUSI11 over 30 days.
HUSI11 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 HUSI11's 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 HUSI11 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.91 | |||
| Potential Upside | 0.7074 |
HUSI11 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HUSI11's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HUSI11's standard deviation. In reality, there are many statistical measures that can use HUSI11 historical prices to predict the future HUSI11's volatility.| Risk Adjusted Performance | 0.0385 | |||
| Jensen Alpha | 0.0962 | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.27) |
HUSI11 Backtested Returns
At this point, HUSI11 is very steady. HUSI11 holds Efficiency (Sharpe) Ratio of 0.0467, which attests that the entity had a 0.0467% return per unit of volatility over the last 3 months. We have found seventeen technical indicators for HUSI11, which you can use to evaluate the volatility of the entity. Please check out HUSI11's market risk adjusted performance of (0.26), and Risk Adjusted Performance of 0.0385 to validate if the risk estimate we provide is consistent with the expected return of 0.0824%. The fund retains a Market Volatility (i.e., Beta) of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HUSI11 are expected to decrease at a much lower rate. During the bear market, HUSI11 is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
HUSI11 has no correlation between past and present. Overlapping area represents the amount of predictability between HUSI11 time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 HUSI11 price movement. The serial correlation of 0.0 indicates that just 0.0% of current HUSI11 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 29.42 |
HUSI11 lagged returns against current returns
Autocorrelation, which is HUSI11 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 HUSI11's fund expected returns. We can calculate the autocorrelation of HUSI11 returns to help us make a trade decision. For example, suppose you find that HUSI11 has exhibited high autocorrelation historically, and you observe that the 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 |
HUSI11 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 HUSI11 fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HUSI11 fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HUSI11 fund over time.
Current vs Lagged Prices |
| Timeline |
HUSI11 Lagged Returns
When evaluating HUSI11's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HUSI11 fund have on its future price. HUSI11 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, HUSI11 autocorrelation shows the relationship between HUSI11 fund current value and its past values and can show if there is a momentum factor associated with investing in HUSI11.
Regressed Prices |
| Timeline |
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