Hodges Fund Retail Fund Market Value
| HDPMX Fund | USD 65.59 2.67 4.24% |
| Symbol | Hodges |
Hodges Fund '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 Hodges Fund'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 Hodges Fund.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hodges Fund on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hodges Fund Retail or generate 0.0% return on investment in Hodges Fund over 90 days. Hodges Fund is related to or competes with Marsico 21st, Kinetics Paradigm, Royce Smaller, Polaris Global, and Wasatch Large. The fund invests in common stocks of companies of any size market capitalization- small, medium or large More
Hodges Fund 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 Hodges Fund'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 Hodges Fund Retail upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 2.69 |
Hodges Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hodges Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hodges Fund's standard deviation. In reality, there are many statistical measures that can use Hodges Fund historical prices to predict the future Hodges Fund's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | 0.1044 | |||
| Treynor Ratio | 2.72 |
Hodges Fund Retail Backtested Returns
Hodges Fund Retail holds Efficiency (Sharpe) Ratio of -0.0691, which attests that the entity had a -0.0691 % return per unit of risk over the last 3 months. Hodges Fund Retail exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hodges Fund's Risk Adjusted Performance of (0.05), market risk adjusted performance of 2.73, and Standard Deviation of 2.04 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0554, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hodges Fund are expected to decrease at a much lower rate. During the bear market, Hodges Fund is likely to outperform the market.
Auto-correlation | -0.84 |
Excellent reverse predictability
Hodges Fund Retail has excellent reverse predictability. Overlapping area represents the amount of predictability between Hodges Fund time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Hodges Fund Retail price movement. The serial correlation of -0.84 indicates that around 84.0% of current Hodges Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 27.76 |
Hodges Fund Retail lagged returns against current returns
Autocorrelation, which is Hodges Fund 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 Hodges Fund's mutual fund expected returns. We can calculate the autocorrelation of Hodges Fund returns to help us make a trade decision. For example, suppose you find that Hodges Fund 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 |
Hodges Fund 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 Hodges Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hodges Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hodges Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hodges Fund Lagged Returns
When evaluating Hodges Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hodges Fund mutual fund have on its future price. Hodges Fund 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, Hodges Fund autocorrelation shows the relationship between Hodges Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hodges Fund Retail.
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 Hodges Mutual Fund
Hodges Fund financial ratios help investors to determine whether Hodges 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 Hodges with respect to the benefits of owning Hodges Fund security.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
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| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |