Heartland Mid Cap Fund Market Value
| HRMDX Fund | USD 15.42 0.01 0.06% |
| Symbol | Heartland |
Heartland Mid '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 Heartland Mid'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 Heartland Mid.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Heartland Mid on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Heartland Mid Cap or generate 0.0% return on investment in Heartland Mid over 720 days. Heartland Mid is related to or competes with Heartland Value, Heartland Value, Jensen Quality, Brown Capital, and Champlain Mid. Under normal circumstances, at least 80 percent of the funds net assets are invested in common stocks and other equity s... More
Heartland Mid 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 Heartland Mid'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 Heartland Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6331 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.81 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.02 |
Heartland Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heartland Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heartland Mid's standard deviation. In reality, there are many statistical measures that can use Heartland Mid historical prices to predict the future Heartland Mid's volatility.| Risk Adjusted Performance | 0.0476 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0479 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heartland Mid'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.
Heartland Mid Cap Backtested Returns
At this stage we consider Heartland Mutual Fund to be very steady. Heartland Mid Cap holds Efficiency (Sharpe) Ratio of 0.0812, which attests that the entity had a 0.0812% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Heartland Mid Cap, which you can use to evaluate the volatility of the entity. Please check out Heartland Mid's risk adjusted performance of 0.0476, and Market Risk Adjusted Performance of 0.0579 to validate if the risk estimate we provide is consistent with the expected return of 0.0571%. The fund retains a Market Volatility (i.e., Beta) of 0.71, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Heartland Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Heartland Mid is expected to be smaller as well.
Auto-correlation | 0.23 |
Weak predictability
Heartland Mid Cap has weak predictability. Overlapping area represents the amount of predictability between Heartland Mid time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Heartland Mid Cap price movement. The serial correlation of 0.23 indicates that over 23.0% of current Heartland Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Heartland Mid Cap lagged returns against current returns
Autocorrelation, which is Heartland Mid 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 Heartland Mid's mutual fund expected returns. We can calculate the autocorrelation of Heartland Mid returns to help us make a trade decision. For example, suppose you find that Heartland Mid 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 |
Heartland Mid 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 Heartland Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heartland Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heartland Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Heartland Mid Lagged Returns
When evaluating Heartland Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heartland Mid mutual fund have on its future price. Heartland Mid 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, Heartland Mid autocorrelation shows the relationship between Heartland Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Heartland Mid Cap.
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 Heartland Mutual Fund
Heartland Mid financial ratios help investors to determine whether Heartland 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 Heartland with respect to the benefits of owning Heartland Mid security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |