Health Care Ultrasector Fund Market Value

HCPIX Fund  USD 110.22  0.54  0.49%   
Health Care's market value is the price at which a share of Health Care trades on a public exchange. It measures the collective expectations of Health Care Ultrasector investors about its performance. Health Care is trading at 110.22 as of the 4th of March 2025; that is 0.49 percent up since the beginning of the trading day. The fund's open price was 109.68.
With this module, you can estimate the performance of a buy and hold strategy of Health Care Ultrasector and determine expected loss or profit from investing in Health Care over a given investment horizon. Check out Health Care Correlation, Health Care Volatility and Health Care Alpha and Beta module to complement your research on Health Care.
Symbol

Please note, there is a significant difference between Health Care's value and its price as these two are different measures arrived at by different means. Investors typically determine if Health Care is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Care'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.

Health Care '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 Health Care'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 Health Care.
0.00
02/02/2025
No Change 0.00  0.0 
In 31 days
03/04/2025
0.00
If you would invest  0.00  in Health Care on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Health Care Ultrasector or generate 0.0% return on investment in Health Care over 30 days. Health Care is related to or competes with Oil Gas, Pimco Energy, Adams Natural, and Calvert Global. The fund invests in financial instruments that the fund advisors believes, in combination, should produce daily returns ... More

Health Care 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 Health Care'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 Health Care Ultrasector upside and downside potential and time the market with a certain degree of confidence.

Health Care Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Health Care's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Health Care's standard deviation. In reality, there are many statistical measures that can use Health Care historical prices to predict the future Health Care's volatility.
Hype
Prediction
LowEstimatedHigh
109.00110.22111.44
Details
Intrinsic
Valuation
LowRealHigh
109.91111.13112.35
Details
Naive
Forecast
LowNextHigh
111.08112.29113.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
102.69106.92111.15
Details

Health Care Ultrasector Backtested Returns

At this stage we consider Health Mutual Fund to be very steady. Health Care Ultrasector holds Efficiency (Sharpe) Ratio of 0.0382, which attests that the entity had a 0.0382 % return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Health Care Ultrasector, which you can use to evaluate the volatility of the entity. Please check out Health Care's market risk adjusted performance of 0.113, and Risk Adjusted Performance of 0.0541 to validate if the risk estimate we provide is consistent with the expected return of 0.0469%. The fund retains a Market Volatility (i.e., Beta) of 0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Health Care's returns are expected to increase less than the market. However, during the bear market, the loss of holding Health Care is expected to be smaller as well.

Auto-correlation

    
  -0.63  

Very good reverse predictability

Health Care Ultrasector has very good reverse predictability. Overlapping area represents the amount of predictability between Health Care time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th of March 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 Health Care Ultrasector price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Health Care price fluctuation can be explain by its past prices.
Correlation Coefficient-0.63
Spearman Rank Test-0.87
Residual Average0.0
Price Variance2.21

Health Care Ultrasector lagged returns against current returns

Autocorrelation, which is Health Care 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 Health Care's mutual fund expected returns. We can calculate the autocorrelation of Health Care returns to help us make a trade decision. For example, suppose you find that Health Care 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  

Health Care 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 Health Care mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Health Care mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Health Care mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Health Care Lagged Returns

When evaluating Health Care's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Health Care mutual fund have on its future price. Health Care 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, Health Care autocorrelation shows the relationship between Health Care mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Health Care Ultrasector.
   Regressed Prices   
       Timeline  

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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 Health Mutual Fund

Health Care financial ratios help investors to determine whether Health 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 Health with respect to the benefits of owning Health Care security.
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