Hodges Fund Retail Fund Market Value

HDPMX Fund  USD 65.59  2.67  4.24%   
Hodges Fund's market value is the price at which a share of Hodges Fund trades on a public exchange. It measures the collective expectations of Hodges Fund Retail investors about its performance. Hodges Fund is trading at 65.59 as of the 17th of March 2025; that is 4.24 percent up since the beginning of the trading day. The fund's open price was 62.92.
With this module, you can estimate the performance of a buy and hold strategy of Hodges Fund Retail and determine expected loss or profit from investing in Hodges Fund over a given investment horizon. Check out Hodges Fund Correlation, Hodges Fund Volatility and Hodges Fund Alpha and Beta module to complement your research on Hodges Fund.
Symbol

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

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.
0.00
12/17/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/17/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
63.5565.5967.63
Details
Intrinsic
Valuation
LowRealHigh
59.5261.5672.15
Details
Naive
Forecast
LowNextHigh
62.4464.4866.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
61.8170.7879.74
Details

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 Average0.0
Price Variance27.76
Hodges ReturnsHodges Lagged ReturnsDiversified AwayHodges ReturnsHodges Lagged ReturnsDiversified Away100%

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   
JavaScript chart by amCharts 3.21.15FebFeb 10Feb 17Feb 24MarMar 10Mar 17-15%-10%-5%0%5%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       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   
JavaScript chart by amCharts 3.21.15FebFeb 10Feb 17Feb 24MarMar 10Mar 17646668707274767880
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression 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   
JavaScript chart by amCharts 3.21.152025FebMar62646668707274767880
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

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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.
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