The Hillman Fund Market Value
| HCMAX Etf | USD 33.76 0.11 0.33% |
| Symbol | THE |
The market value of THE HILLMAN FUND is measured differently than its book value, which is the value of THE that is recorded on the company's balance sheet. Investors also form their own opinion of THE HILLMAN's value that differs from its market value or its book value, called intrinsic value, which is THE HILLMAN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because THE HILLMAN's market value can be influenced by many factors that don't directly affect THE HILLMAN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between THE HILLMAN's value and its price as these two are different measures arrived at by different means. Investors typically determine if THE HILLMAN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, THE HILLMAN'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.
THE HILLMAN '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 THE HILLMAN's etf 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 THE HILLMAN.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in THE HILLMAN on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding THE HILLMAN FUND or generate 0.0% return on investment in THE HILLMAN over 540 days. THE HILLMAN is related to or competes with FT Vest, Zillow Group, Northern Lights, VanEck Vectors, Freedom Day, and SSGA Active. In seeking to achieve its objective, the fund invests primarily in common stocks of U.S More
THE HILLMAN 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 THE HILLMAN's etf 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 THE HILLMAN FUND upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6298 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.05 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.15 |
THE HILLMAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for THE HILLMAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THE HILLMAN's standard deviation. In reality, there are many statistical measures that can use THE HILLMAN historical prices to predict the future THE HILLMAN's volatility.| Risk Adjusted Performance | 0.0634 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0657 |
THE HILLMAN FUND Backtested Returns
At this stage we consider THE Etf to be very steady. THE HILLMAN FUND owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0891, which indicates the etf had a 0.0891% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for THE HILLMAN FUND, which you can use to evaluate the volatility of the etf. Please validate THE HILLMAN's coefficient of variation of 1185.88, and Risk Adjusted Performance of 0.0634 to confirm if the risk estimate we provide is consistent with the expected return of 0.0607%. The entity has a beta of 0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, THE HILLMAN's returns are expected to increase less than the market. However, during the bear market, the loss of holding THE HILLMAN is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
THE HILLMAN FUND has modest predictability. Overlapping area represents the amount of predictability between THE HILLMAN time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 THE HILLMAN FUND price movement. The serial correlation of 0.54 indicates that about 54.0% of current THE HILLMAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
THE HILLMAN FUND lagged returns against current returns
Autocorrelation, which is THE HILLMAN etf'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 THE HILLMAN's etf expected returns. We can calculate the autocorrelation of THE HILLMAN returns to help us make a trade decision. For example, suppose you find that THE HILLMAN has exhibited high autocorrelation historically, and you observe that the etf 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 |
THE HILLMAN 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 THE HILLMAN etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THE HILLMAN etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in THE HILLMAN etf over time.
Current vs Lagged Prices |
| Timeline |
THE HILLMAN Lagged Returns
When evaluating THE HILLMAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THE HILLMAN etf have on its future price. THE HILLMAN 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, THE HILLMAN autocorrelation shows the relationship between THE HILLMAN etf current value and its past values and can show if there is a momentum factor associated with investing in THE HILLMAN FUND.
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 THE Etf
THE HILLMAN financial ratios help investors to determine whether THE Etf 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 THE with respect to the benefits of owning THE HILLMAN security.