Homestead Intermediate Bond Fund Market Value
| HOIBX Fund | USD 4.57 0.01 0.22% |
| Symbol | Homestead |
Homestead Intermediate '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 Homestead Intermediate'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 Homestead Intermediate.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Homestead Intermediate on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Homestead Intermediate Bond or generate 0.0% return on investment in Homestead Intermediate over 90 days. Homestead Intermediate is related to or competes with T Rowe. Under normal circumstances, the advisor intends to invest at least 80 percent of its net assets in fixed-income debt sec... More
Homestead Intermediate 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 Homestead Intermediate'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 Homestead Intermediate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.3946 | |||
| Maximum Drawdown | 1.12 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.4474 |
Homestead Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Homestead Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Homestead Intermediate's standard deviation. In reality, there are many statistical measures that can use Homestead Intermediate historical prices to predict the future Homestead Intermediate's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.0378 | |||
| Treynor Ratio | (0.15) |
Homestead Intermediate Backtested Returns
At this stage we consider Homestead Mutual Fund to be very steady. Homestead Intermediate holds Efficiency (Sharpe) Ratio of 0.0473, which attests that the entity had a 0.0473 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Homestead Intermediate, which you can use to evaluate the volatility of the entity. Please check out Homestead Intermediate's Risk Adjusted Performance of (0.03), standard deviation of 0.3197, and Market Risk Adjusted Performance of (0.14) to validate if the risk estimate we provide is consistent with the expected return of 0.0152%. The fund retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Homestead Intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Homestead Intermediate is expected to be smaller as well.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Homestead Intermediate Bond has insignificant reverse predictability. Overlapping area represents the amount of predictability between Homestead Intermediate time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Homestead Intermediate price movement. The serial correlation of -0.19 indicates that over 19.0% of current Homestead Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Homestead Intermediate lagged returns against current returns
Autocorrelation, which is Homestead Intermediate 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 Homestead Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Homestead Intermediate returns to help us make a trade decision. For example, suppose you find that Homestead Intermediate 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 |
Homestead Intermediate 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 Homestead Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Homestead Intermediate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Homestead Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Homestead Intermediate Lagged Returns
When evaluating Homestead Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Homestead Intermediate mutual fund have on its future price. Homestead Intermediate 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, Homestead Intermediate autocorrelation shows the relationship between Homestead Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Homestead Intermediate Bond.
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 Homestead Mutual Fund
Homestead Intermediate financial ratios help investors to determine whether Homestead 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 Homestead with respect to the benefits of owning Homestead Intermediate security.
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