Health Biotchnology Portfolio Fund Market Value
| SHPCX Fund | USD 13.90 0.03 0.22% |
| Symbol | Health |
Health Biotchnology '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 Health Biotchnology'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 Health Biotchnology.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Health Biotchnology on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Health Biotchnology Portfolio or generate 0.0% return on investment in Health Biotchnology over 30 days. Health Biotchnology is related to or competes with Scharf Global, Volumetric Fund, T Rowe, Aam Select, Ab Value, and Balanced Fund. The fund will normally invest at least 80 percent of its total assets in equity securities of U.S More
Health Biotchnology 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 Health Biotchnology'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 Health Biotchnology Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 4.21 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 0.9608 |
Health Biotchnology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Health Biotchnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Health Biotchnology's standard deviation. In reality, there are many statistical measures that can use Health Biotchnology historical prices to predict the future Health Biotchnology's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Health Biotchnology'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.
Health Biotchnology Backtested Returns
Health Biotchnology holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of standard deviation over the last 3 months. Health Biotchnology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Health Biotchnology's market risk adjusted performance of (0.14), and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Health Biotchnology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Health Biotchnology is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
Health Biotchnology Portfolio has good predictability. Overlapping area represents the amount of predictability between Health Biotchnology time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Health Biotchnology price movement. The serial correlation of 0.66 indicates that around 66.0% of current Health Biotchnology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Health Biotchnology lagged returns against current returns
Autocorrelation, which is Health Biotchnology 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 Health Biotchnology's mutual fund expected returns. We can calculate the autocorrelation of Health Biotchnology returns to help us make a trade decision. For example, suppose you find that Health Biotchnology 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 |
Health Biotchnology 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 Health Biotchnology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Health Biotchnology mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Health Biotchnology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Health Biotchnology Lagged Returns
When evaluating Health Biotchnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Health Biotchnology mutual fund have on its future price. Health Biotchnology 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, Health Biotchnology autocorrelation shows the relationship between Health Biotchnology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Health Biotchnology Portfolio.
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 Health Mutual Fund
Health Biotchnology financial ratios help investors to determine whether Health 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 Health with respect to the benefits of owning Health Biotchnology security.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |