Hotchkis Wiley Global Fund Market Value

HWGAX Fund  USD 16.42  0.06  0.37%   
Hotchkis Wiley's market value is the price at which a share of Hotchkis Wiley trades on a public exchange. It measures the collective expectations of Hotchkis Wiley Global investors about its performance. Hotchkis Wiley is trading at 16.42 as of the 22nd of November 2024; that is 0.37% up since the beginning of the trading day. The fund's open price was 16.36.
With this module, you can estimate the performance of a buy and hold strategy of Hotchkis Wiley Global and determine expected loss or profit from investing in Hotchkis Wiley over a given investment horizon. Check out Hotchkis Wiley Correlation, Hotchkis Wiley Volatility and Hotchkis Wiley Alpha and Beta module to complement your research on Hotchkis Wiley.
Symbol

Please note, there is a significant difference between Hotchkis Wiley's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hotchkis Wiley is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hotchkis Wiley's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Hotchkis Wiley '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 Hotchkis Wiley'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 Hotchkis Wiley.
0.00
12/03/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/22/2024
0.00
If you would invest  0.00  in Hotchkis Wiley on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Hotchkis Wiley Global or generate 0.0% return on investment in Hotchkis Wiley over 720 days. Hotchkis Wiley is related to or competes with Bbh Intermediate, T Rowe, Artisan High, Pace Municipal, Ishares Municipal, Franklin High, and California Bond. The fund seeks to achieve its objective by investing primarily in U.S More

Hotchkis Wiley 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 Hotchkis Wiley'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 Hotchkis Wiley Global upside and downside potential and time the market with a certain degree of confidence.

Hotchkis Wiley Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hotchkis Wiley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hotchkis Wiley's standard deviation. In reality, there are many statistical measures that can use Hotchkis Wiley historical prices to predict the future Hotchkis Wiley's volatility.
Hype
Prediction
LowEstimatedHigh
15.6416.3617.08
Details
Intrinsic
Valuation
LowRealHigh
14.3215.0418.00
Details
Naive
Forecast
LowNextHigh
15.4416.1616.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.1516.3916.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hotchkis Wiley. Your research has to be compared to or analyzed against Hotchkis Wiley's peers to derive any actionable benefits. When done correctly, Hotchkis Wiley's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hotchkis Wiley Global.

Hotchkis Wiley Global Backtested Returns

At this stage we consider Hotchkis Mutual Fund to be very steady. Hotchkis Wiley Global holds Efficiency (Sharpe) Ratio of 0.0022, which attests that the entity had a 0.0022% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hotchkis Wiley Global, which you can use to evaluate the volatility of the entity. Please check out Hotchkis Wiley's Market Risk Adjusted Performance of 0.0282, risk adjusted performance of 0.0244, and Downside Deviation of 0.7542 to validate if the risk estimate we provide is consistent with the expected return of 0.0016%. The fund retains a Market Volatility (i.e., Beta) of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hotchkis Wiley's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hotchkis Wiley is expected to be smaller as well.

Auto-correlation

    
  0.61  

Good predictability

Hotchkis Wiley Global has good predictability. Overlapping area represents the amount of predictability between Hotchkis Wiley time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Hotchkis Wiley Global price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Hotchkis Wiley price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.66
Residual Average0.0
Price Variance0.59

Hotchkis Wiley Global lagged returns against current returns

Autocorrelation, which is Hotchkis Wiley 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 Hotchkis Wiley's mutual fund expected returns. We can calculate the autocorrelation of Hotchkis Wiley returns to help us make a trade decision. For example, suppose you find that Hotchkis Wiley 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  

Hotchkis Wiley 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 Hotchkis Wiley mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hotchkis Wiley mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hotchkis Wiley mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Hotchkis Wiley Lagged Returns

When evaluating Hotchkis Wiley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hotchkis Wiley mutual fund have on its future price. Hotchkis Wiley 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, Hotchkis Wiley autocorrelation shows the relationship between Hotchkis Wiley mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hotchkis Wiley Global.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Hotchkis Mutual Fund

Hotchkis Wiley financial ratios help investors to determine whether Hotchkis 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 Hotchkis with respect to the benefits of owning Hotchkis Wiley security.
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