Alphacentric Hedged Market Fund Market Value

HMXCX Fund  USD 27.56  0.16  0.58%   
Alphacentric Hedged's market value is the price at which a share of Alphacentric Hedged trades on a public exchange. It measures the collective expectations of Alphacentric Hedged Market investors about its performance. Alphacentric Hedged is trading at 27.56 as of the 5th of December 2024; that is 0.58 percent increase since the beginning of the trading day. The fund's open price was 27.4.
With this module, you can estimate the performance of a buy and hold strategy of Alphacentric Hedged Market and determine expected loss or profit from investing in Alphacentric Hedged over a given investment horizon. Check out Alphacentric Hedged Correlation, Alphacentric Hedged Volatility and Alphacentric Hedged Alpha and Beta module to complement your research on Alphacentric Hedged.
Symbol

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

Alphacentric Hedged '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 Alphacentric Hedged'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 Alphacentric Hedged.
0.00
01/15/2023
No Change 0.00  0.0 
In 1 year 10 months and 21 days
12/05/2024
0.00
If you would invest  0.00  in Alphacentric Hedged on January 15, 2023 and sell it all today you would earn a total of 0.00 from holding Alphacentric Hedged Market or generate 0.0% return on investment in Alphacentric Hedged over 690 days. Alphacentric Hedged is related to or competes with T Rowe, T Rowe, T Rowe, Jp Morgan, T Rowe, T Rowe, and Transamerica Asset. Under normal circumstances, the fund seeks to achieve its investment objective by investing primarily in long and short ... More

Alphacentric Hedged 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 Alphacentric Hedged'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 Alphacentric Hedged Market upside and downside potential and time the market with a certain degree of confidence.

Alphacentric Hedged Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphacentric Hedged's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphacentric Hedged's standard deviation. In reality, there are many statistical measures that can use Alphacentric Hedged historical prices to predict the future Alphacentric Hedged's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alphacentric Hedged's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
27.0527.5628.07
Details
Intrinsic
Valuation
LowRealHigh
26.7827.2927.80
Details
Naive
Forecast
LowNextHigh
27.0727.5828.09
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
27.0027.2327.46
Details

Alphacentric Hedged Backtested Returns

At this stage we consider Alphacentric Mutual Fund to be very steady. Alphacentric Hedged secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the fund had a 0.29% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alphacentric Hedged Market, which you can use to evaluate the volatility of the entity. Please confirm Alphacentric Hedged's Mean Deviation of 0.3637, downside deviation of 0.5471, and Risk Adjusted Performance of 0.168 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alphacentric Hedged's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alphacentric Hedged is expected to be smaller as well.

Auto-correlation

    
  0.67  

Good predictability

Alphacentric Hedged Market has good predictability. Overlapping area represents the amount of predictability between Alphacentric Hedged time series from 15th of January 2023 to 26th of December 2023 and 26th of December 2023 to 5th 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 Alphacentric Hedged price movement. The serial correlation of 0.67 indicates that around 67.0% of current Alphacentric Hedged price fluctuation can be explain by its past prices.
Correlation Coefficient0.67
Spearman Rank Test0.52
Residual Average0.0
Price Variance0.52

Alphacentric Hedged lagged returns against current returns

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

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

Alphacentric Hedged Lagged Returns

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

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Other Information on Investing in Alphacentric Mutual Fund

Alphacentric Hedged financial ratios help investors to determine whether Alphacentric 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 Alphacentric with respect to the benefits of owning Alphacentric Hedged security.
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