Locorr Hedged Core Fund Market Value
| LHEIX Fund | 9.60 0.04 0.41% |
| Symbol | Locorr |
Locorr Hedged '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 Locorr Hedged'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 Locorr Hedged.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Locorr Hedged on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Locorr Hedged Core or generate 0.0% return on investment in Locorr Hedged over 60 days. Locorr Hedged is related to or competes with Midcap Value, Tiaa-cref Large-cap, Steward Small-mid, Kinetics Market, Gabelli Equity, and Northern Lights. More
Locorr Hedged 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 Locorr Hedged'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 Locorr Hedged Core upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.24 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.4175 |
Locorr Hedged Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Locorr Hedged's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Locorr Hedged's standard deviation. In reality, there are many statistical measures that can use Locorr Hedged historical prices to predict the future Locorr Hedged's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.21) |
Locorr Hedged Core Backtested Returns
Locorr Hedged Core has Sharpe Ratio of -0.0504, which conveys that the entity had a -0.0504% return per unit of risk over the last 3 months. Locorr Hedged exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Locorr Hedged's Standard Deviation of 0.3102, risk adjusted performance of (0.07), and Mean Deviation of 0.2396 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Locorr Hedged's returns are expected to increase less than the market. However, during the bear market, the loss of holding Locorr Hedged is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Locorr Hedged Core has insignificant reverse predictability. Overlapping area represents the amount of predictability between Locorr Hedged time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Locorr Hedged Core price movement. The serial correlation of -0.2 indicates that over 20.0% of current Locorr Hedged price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Locorr Hedged Core lagged returns against current returns
Autocorrelation, which is Locorr Hedged 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 Locorr Hedged's mutual fund expected returns. We can calculate the autocorrelation of Locorr Hedged returns to help us make a trade decision. For example, suppose you find that Locorr Hedged 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 |
Locorr Hedged 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 Locorr Hedged mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Locorr Hedged mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Locorr Hedged mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Locorr Hedged Lagged Returns
When evaluating Locorr Hedged's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Locorr Hedged mutual fund have on its future price. Locorr Hedged 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, Locorr Hedged autocorrelation shows the relationship between Locorr Hedged mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Locorr Hedged Core.
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 Locorr Mutual Fund
Locorr Hedged financial ratios help investors to determine whether Locorr 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 Locorr with respect to the benefits of owning Locorr Hedged security.
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