Tekla Healthcare Investors Fund Market Value
| XHQHX Fund | USD 19.24 0.04 0.21% |
| Symbol | Tekla |
Please note, there is a significant difference between Tekla Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tekla Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tekla Healthcare'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.
Tekla Healthcare '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 Tekla Healthcare'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 Tekla Healthcare.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Tekla Healthcare on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Tekla Healthcare Investors or generate 0.0% return on investment in Tekla Healthcare over 90 days. Tekla Healthcare is related to or competes with California Bond, Morningstar Defensive, Pace High, T Rowe, and Franklin High. Tekla Healthcare is entity of United States More
Tekla Healthcare 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 Tekla Healthcare'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 Tekla Healthcare Investors upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.76 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 0.9979 |
Tekla Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tekla Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tekla Healthcare's standard deviation. In reality, there are many statistical measures that can use Tekla Healthcare historical prices to predict the future Tekla Healthcare's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.38) |
Tekla Healthcare Inv Backtested Returns
Tekla Healthcare Inv owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the fund had a -0.11% return per unit of risk over the last 3 months. Tekla Healthcare Investors exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tekla Healthcare's Coefficient Of Variation of (1,317), risk adjusted performance of (0.05), and Variance of 0.8594 to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tekla Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tekla Healthcare is expected to be smaller as well.
Auto-correlation | 0.32 |
Below average predictability
Tekla Healthcare Investors has below average predictability. Overlapping area represents the amount of predictability between Tekla Healthcare time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Tekla Healthcare Inv price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Tekla Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Tekla Healthcare Inv lagged returns against current returns
Autocorrelation, which is Tekla Healthcare 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 Tekla Healthcare's mutual fund expected returns. We can calculate the autocorrelation of Tekla Healthcare returns to help us make a trade decision. For example, suppose you find that Tekla Healthcare 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 |
Tekla Healthcare 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 Tekla Healthcare mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tekla Healthcare mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tekla Healthcare mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tekla Healthcare Lagged Returns
When evaluating Tekla Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tekla Healthcare mutual fund have on its future price. Tekla Healthcare 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, Tekla Healthcare autocorrelation shows the relationship between Tekla Healthcare mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tekla Healthcare Investors.
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 Tekla Mutual Fund
Tekla Healthcare financial ratios help investors to determine whether Tekla 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 Tekla with respect to the benefits of owning Tekla Healthcare security.
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