Hundredfold Select Alternative Fund Market Value
| SFHYX Fund | USD 23.03 0.07 0.30% |
| Symbol | Hundredfold |
Hundredfold Select '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 Hundredfold Select'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 Hundredfold Select.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Hundredfold Select on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Hundredfold Select Alternative or generate 0.0% return on investment in Hundredfold Select over 360 days. Hundredfold Select is related to or competes with Spectrum Advisors, Ontrack Core, Ontrack Core, Spectrum Unconstrained, Quantified Market, Quantified Market, and Spectrum Low. The fund invests in any combination of equity and fixed-income securities based on market conditions and trends and the ... More
Hundredfold Select 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 Hundredfold Select'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 Hundredfold Select Alternative upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4163 | |||
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 2.09 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.482 |
Hundredfold Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hundredfold Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hundredfold Select's standard deviation. In reality, there are many statistical measures that can use Hundredfold Select historical prices to predict the future Hundredfold Select's volatility.| Risk Adjusted Performance | 0.0823 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.1075 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hundredfold Select'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.
Hundredfold Select Backtested Returns
At this stage we consider Hundredfold Mutual Fund to be very steady. Hundredfold Select holds Efficiency (Sharpe) Ratio of 0.0912, which attests that the entity had a 0.0912% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hundredfold Select, which you can use to evaluate the volatility of the entity. Please check out Hundredfold Select's Risk Adjusted Performance of 0.0823, market risk adjusted performance of 0.1175, and Downside Deviation of 0.4163 to validate if the risk estimate we provide is consistent with the expected return of 0.0288%. The fund retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hundredfold Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hundredfold Select is expected to be smaller as well.
Auto-correlation | 0.42 |
Average predictability
Hundredfold Select Alternative has average predictability. Overlapping area represents the amount of predictability between Hundredfold Select time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 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 Hundredfold Select price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Hundredfold Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Hundredfold Select lagged returns against current returns
Autocorrelation, which is Hundredfold Select 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 Hundredfold Select's mutual fund expected returns. We can calculate the autocorrelation of Hundredfold Select returns to help us make a trade decision. For example, suppose you find that Hundredfold Select 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 |
Hundredfold Select 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 Hundredfold Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hundredfold Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hundredfold Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hundredfold Select Lagged Returns
When evaluating Hundredfold Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hundredfold Select mutual fund have on its future price. Hundredfold Select 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, Hundredfold Select autocorrelation shows the relationship between Hundredfold Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hundredfold Select Alternative.
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 Hundredfold Mutual Fund
Hundredfold Select financial ratios help investors to determine whether Hundredfold 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 Hundredfold with respect to the benefits of owning Hundredfold Select security.
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