Will Harbor Convertible continue to make you money?
 | By Rifka Kats | Macroaxis Story |
Is Harbor Convertible valuation justified? Here I will cover the entity prospective on valuation to give you a better outlook on taking a position in this fund. We consider Harbor Convertible not too volatile. Harbor Convertible holds Efficiency (Sharpe) Ratio of 0.167 which attests that the entity had 0.167% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Harbor Convertible which you can use to evaluate future volatility of the entity. Please check out Harbor Convertible Downside Deviation of 0.5588, Market Risk Adjusted Performance of (2.31) and Risk Adjusted Performance of 0.1106 to validate if risk estimate we provide are consistent with the epected return of 0.0759%.
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Reviewed by Michael Smolkin
The entity dividends can provide a clue to current valuation of the fund. Harbor Convertible one year expected dividend income is about $0.19 per share. Lets now take a look at Harbor Convertible Total Asset. Based on latest financial disclosure Harbor Convertible Securities Investor has Total Asset of 123.56M. This is much higher than that of the Harbor family, and significantly higher than that of Convertibles category, The Total Asset for all funds is notably lower than the firm. We determine the current worth of Harbor Vertible Securities using both absolute as well as relative valuation methodologies to arrive at its intrinsic value. In general, an absolute valuation paradigm, as applied to this mutual fund, attempts to find the value of Harbor Vertible Secu based exclusively on its fundamental and basic technical indicators. By analyzing Harbor Convertible's financials, quarterly and monthly indicators, and related drivers such as dividends, operating cash flow, and various types of growth rates, we attempt to find the most accurate representation of Harbor Convertible's intrinsic value. In some cases, mostly for established, large-cap companies, we also incorporate more traditional valuation methods such as dividend discount, discounted cash flow, or asset-based models. As compared to an absolute model, our relative valuation model uses a comparative analysis of Harbor Convertible. We calculate exposure to Harbor Convertible's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Harbor Convertible's related companies.
Harbor Vertible Secu Investment Alerts
Harbor investment alerts and warnings help investors to get more proficient at understanding not only critical technical and fundamental signals but also the significant portfolio-centered indicators. These indicators include beta, alpha, and other risk-related measures that will help you in monitoring Harbor Vertible Securities performance across your portfolios.Please check all investment alerts for HarborHarbor Convertible Valuation Ratios as Compared to Competition
Our valuation model uses many indicators to compare Harbor value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Harbor Convertible competition to find correlations between indicators driving the intrinsic value of Harbor.Instrument Allocation
The asset allocation of funds such as Harbor Convertible usually varies among a different mix of asset classes. Balanced mutual funds invest not only in bonds, which focus primarily on income, and stocks, which aim for investment growth, but also keep some reserve in cash or even exotic instruments. Below we show the current asset allocation of Harbor Vertible Securities
DetailsAnother Deeper Perspective
The current investor indifference towards the small price fluctuations of Harbor Convertible may raise some interest from investors. The Fund closed today at a share price of 10.51 on 1.000 in trading volume. The fund money managers did not add any value to Harbor Convertible Securities Investor investors in March. However, most investors can still diversify their portfolios with Harbor Convertible to hedge your portfolio against high-volatility market scenarios. The fund standard deviation of daily returns for 30 days (very short) investing horizon is currently 0.4543. The very small Fund volatility is a good signal to investors with longer term investment horizons. Harbor Convertible is selling for under 10.51. That is 0.57 percent decrease. Day Low was 10.51. On the whole, we belive that Harbor Convertible is currently fairly valued with low probability of distress in the next two years. Our concluding buy/sell advice on the fund is Hold.
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of Harbor Vertible Securities. Please refer to our Terms of Use for any information regarding our disclosure principles.