Herzfeld Caribbean Basin Fund Market Value
| CUBA Fund | USD 2.47 0.02 0.82% |
| Symbol | Herzfeld |
Herzfeld Caribbean '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 Herzfeld Caribbean's 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 Herzfeld Caribbean.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Herzfeld Caribbean on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Herzfeld Caribbean Basin or generate 0.0% return on investment in Herzfeld Caribbean over 720 days. Herzfeld Caribbean is related to or competes with Brookfield Business, Elysee Development, DWS Municipal, Blackrock Munivest, Abrdn Emerging, Aberdeen Global, and Bny Mellon. The Herzfeld Caribbean Basin Fund Inc. is a closed-ended equity mutual fund launched by Thomas J More
Herzfeld Caribbean 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 Herzfeld Caribbean's 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 Herzfeld Caribbean Basin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.0443 | |||
| Maximum Drawdown | 5.56 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.72 |
Herzfeld Caribbean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Herzfeld Caribbean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Herzfeld Caribbean's standard deviation. In reality, there are many statistical measures that can use Herzfeld Caribbean historical prices to predict the future Herzfeld Caribbean's volatility.| Risk Adjusted Performance | 0.1039 | |||
| Jensen Alpha | 0.0857 | |||
| Total Risk Alpha | 0.0055 | |||
| Sortino Ratio | 0.0361 | |||
| Treynor Ratio | 0.2409 |
Herzfeld Caribbean Basin Backtested Returns
At this point, Herzfeld Caribbean is slightly risky. Herzfeld Caribbean Basin holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Herzfeld Caribbean Basin, which you can use to evaluate the volatility of the entity. Please check out Herzfeld Caribbean's Downside Deviation of 1.3, risk adjusted performance of 0.1039, and Market Risk Adjusted Performance of 0.2509 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. 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, Herzfeld Caribbean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Herzfeld Caribbean is expected to be smaller as well.
Auto-correlation | -0.28 |
Weak reverse predictability
Herzfeld Caribbean Basin has weak reverse predictability. Overlapping area represents the amount of predictability between Herzfeld Caribbean time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Herzfeld Caribbean Basin price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Herzfeld Caribbean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Herzfeld Caribbean Basin lagged returns against current returns
Autocorrelation, which is Herzfeld Caribbean 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 Herzfeld Caribbean's fund expected returns. We can calculate the autocorrelation of Herzfeld Caribbean returns to help us make a trade decision. For example, suppose you find that Herzfeld Caribbean has exhibited high autocorrelation historically, and you observe that the 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 |
Herzfeld Caribbean 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 Herzfeld Caribbean fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Herzfeld Caribbean fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Herzfeld Caribbean fund over time.
Current vs Lagged Prices |
| Timeline |
Herzfeld Caribbean Lagged Returns
When evaluating Herzfeld Caribbean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Herzfeld Caribbean fund have on its future price. Herzfeld Caribbean 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, Herzfeld Caribbean autocorrelation shows the relationship between Herzfeld Caribbean fund current value and its past values and can show if there is a momentum factor associated with investing in Herzfeld Caribbean Basin.
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 Herzfeld Fund
Herzfeld Caribbean financial ratios help investors to determine whether Herzfeld 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 Herzfeld with respect to the benefits of owning Herzfeld Caribbean security.
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