Mh Elite Select Fund Market Value
| MHESX Fund | USD 5.73 0.02 0.35% |
| Symbol | MHESX |
Mh Elite '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 Mh Elite'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 Mh Elite.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Mh Elite on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Mh Elite Select or generate 0.0% return on investment in Mh Elite over 180 days. Mh Elite is related to or competes with Blackrock, Wasatch Small, Adams Diversified, Fuller Thaler, T Rowe, Pgim Jennison, and Sentinel Small. The fund invests at least 80 percent of its total assets in 15 to 25 unaffiliated open-end mutual funds More
Mh Elite 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 Mh Elite'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 Mh Elite Select upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7558 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 5.39 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.5291 |
Mh Elite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mh Elite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mh Elite's standard deviation. In reality, there are many statistical measures that can use Mh Elite historical prices to predict the future Mh Elite's volatility.| Risk Adjusted Performance | 1.0E-4 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mh Elite'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.
Mh Elite Select Backtested Returns
At this stage we consider MHESX Mutual Fund to be not too volatile. Mh Elite Select retains Efficiency (Sharpe Ratio) of 0.0031, which conveys that the entity had a 0.0031% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Mh Elite, which you can use to evaluate the volatility of the fund. Please verify Mh Elite's Mean Deviation of 0.2471, standard deviation of 0.6256, and Market Risk Adjusted Performance of (0.12) to check out if the risk estimate we provide is consistent with the expected return of 0.002%. The fund owns a Beta (Systematic Risk) of 0.0644, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mh Elite's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mh Elite is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Mh Elite Select has no correlation between past and present. Overlapping area represents the amount of predictability between Mh Elite time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Mh Elite Select price movement. The serial correlation of 0.0 indicates that just 0.0% of current Mh Elite price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mh Elite Select lagged returns against current returns
Autocorrelation, which is Mh Elite 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 Mh Elite's mutual fund expected returns. We can calculate the autocorrelation of Mh Elite returns to help us make a trade decision. For example, suppose you find that Mh Elite 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 |
Mh Elite 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 Mh Elite mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mh Elite mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mh Elite mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mh Elite Lagged Returns
When evaluating Mh Elite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mh Elite mutual fund have on its future price. Mh Elite 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, Mh Elite autocorrelation shows the relationship between Mh Elite mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mh Elite Select.
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 MHESX Mutual Fund
Mh Elite financial ratios help investors to determine whether MHESX 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 MHESX with respect to the benefits of owning Mh Elite security.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |