Hundredfold Select Alternative Fund Market Value

HFSAX Fund  USD 24.88  0.04  0.16%   
Hundredfold Select's market value is the price at which a share of Hundredfold Select trades on a public exchange. It measures the collective expectations of Hundredfold Select Alternative investors about its performance. Hundredfold Select is trading at 24.88 as of the 9th of December 2024; that is 0.16 percent down since the beginning of the trading day. The fund's open price was 24.92.
With this module, you can estimate the performance of a buy and hold strategy of Hundredfold Select Alternative and determine expected loss or profit from investing in Hundredfold Select over a given investment horizon. Check out Hundredfold Select Correlation, Hundredfold Select Volatility and Hundredfold Select Alpha and Beta module to complement your research on Hundredfold Select.
Symbol

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

Hundredfold Select '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 Hundredfold Select'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 Hundredfold Select.
0.00
11/09/2024
No Change 0.00  0.0 
In 31 days
12/09/2024
0.00
If you would invest  0.00  in Hundredfold Select on November 9, 2024 and sell it all today you would earn a total of 0.00 from holding Hundredfold Select Alternative or generate 0.0% return on investment in Hundredfold Select over 30 days. Hundredfold Select is related to or competes with Ontrack Core, Guggenheim Macro, Morningstar Unconstrained, SPACE, Jpmorgan Equity, Knife River, and CarMax. The fund invests in any combination of equity and fixed-income securities based on market conditions and trends and the ... More

Hundredfold Select 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 Hundredfold Select'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 Hundredfold Select Alternative upside and downside potential and time the market with a certain degree of confidence.

Hundredfold Select Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hundredfold Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hundredfold Select's standard deviation. In reality, there are many statistical measures that can use Hundredfold Select historical prices to predict the future Hundredfold Select's volatility.
Hype
Prediction
LowEstimatedHigh
24.6024.8825.16
Details
Intrinsic
Valuation
LowRealHigh
22.5322.8127.37
Details
Naive
Forecast
LowNextHigh
24.6924.9725.26
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
24.5724.7825.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hundredfold Select. Your research has to be compared to or analyzed against Hundredfold Select's peers to derive any actionable benefits. When done correctly, Hundredfold Select's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hundredfold Select.

Hundredfold Select Backtested Returns

At this stage we consider Hundredfold Mutual Fund to be very steady. Hundredfold Select holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hundredfold Select, which you can use to evaluate the volatility of the entity. Please check out Hundredfold Select's Market Risk Adjusted Performance of 0.2234, coefficient of variation of 454.69, and Risk Adjusted Performance of 0.1466 to validate if the risk estimate we provide is consistent with the expected return of 0.0626%. The fund retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hundredfold Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hundredfold Select is expected to be smaller as well.

Auto-correlation

    
  -0.32  

Poor reverse predictability

Hundredfold Select Alternative has poor reverse predictability. Overlapping area represents the amount of predictability between Hundredfold Select time series from 9th of November 2024 to 24th of November 2024 and 24th of November 2024 to 9th 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 Hundredfold Select price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Hundredfold Select price fluctuation can be explain by its past prices.
Correlation Coefficient-0.32
Spearman Rank Test0.19
Residual Average0.0
Price Variance0.0

Hundredfold Select lagged returns against current returns

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

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

Hundredfold Select Lagged Returns

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

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Other Information on Investing in Hundredfold Mutual Fund

Hundredfold Select financial ratios help investors to determine whether Hundredfold 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 Hundredfold with respect to the benefits of owning Hundredfold Select security.
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