Hawaii Municipal Bond Fund Market Value
| BSHIX Fund | USD 9.86 0.01 0.10% |
| Symbol | Hawaii |
Hawaii Municipal '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 Hawaii Municipal'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 Hawaii Municipal.
| 12/03/2024 |
| 01/02/2025 |
If you would invest 0.00 in Hawaii Municipal on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding Hawaii Municipal Bond or generate 0.0% return on investment in Hawaii Municipal over 30 days. Hawaii Municipal is related to or competes with Calvert Short, Barings Active, Aqr Long, Ab Select, Maryland Short-term, Jhancock Short, and Old Westbury. The fund invests at least 80 percent of its net assets in investment grade municipal bonds, the interest from which is e... More
Hawaii Municipal 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 Hawaii Municipal'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 Hawaii Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 1.01 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.2033 |
Hawaii Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hawaii Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hawaii Municipal's standard deviation. In reality, there are many statistical measures that can use Hawaii Municipal historical prices to predict the future Hawaii Municipal's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.55) |
Hawaii Municipal Bond Backtested Returns
Hawaii Municipal Bond holds Efficiency (Sharpe) Ratio of -0.0888, which attests that the entity had a -0.0888% return per unit of risk over the last 3 months. Hawaii Municipal Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hawaii Municipal's Risk Adjusted Performance of (0.09), standard deviation of 0.1842, and Market Risk Adjusted Performance of (0.54) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.043, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hawaii Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hawaii Municipal is expected to be smaller as well.
Auto-correlation | -0.34 |
Poor reverse predictability
Hawaii Municipal Bond has poor reverse predictability. Overlapping area represents the amount of predictability between Hawaii Municipal time series from 3rd of December 2024 to 18th of December 2024 and 18th of December 2024 to 2nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hawaii Municipal Bond price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Hawaii Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hawaii Municipal Bond lagged returns against current returns
Autocorrelation, which is Hawaii Municipal 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 Hawaii Municipal's mutual fund expected returns. We can calculate the autocorrelation of Hawaii Municipal returns to help us make a trade decision. For example, suppose you find that Hawaii Municipal 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 |
Hawaii Municipal 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 Hawaii Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hawaii Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hawaii Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hawaii Municipal Lagged Returns
When evaluating Hawaii Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hawaii Municipal mutual fund have on its future price. Hawaii Municipal 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, Hawaii Municipal autocorrelation shows the relationship between Hawaii Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hawaii Municipal Bond.
Regressed Prices |
| Timeline |
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Other Information on Investing in Hawaii Mutual Fund
Hawaii Municipal financial ratios help investors to determine whether Hawaii 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 Hawaii with respect to the benefits of owning Hawaii Municipal security.
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