Hood River Small Cap Fund Market Value

HRSIX Fund  USD 83.32  1.04  1.26%   
Hood River's market value is the price at which a share of Hood River trades on a public exchange. It measures the collective expectations of Hood River Small Cap investors about its performance. Hood River is trading at 83.32 as of the 12th of December 2024; that is 1.26 percent up since the beginning of the trading day. The fund's open price was 82.28.
With this module, you can estimate the performance of a buy and hold strategy of Hood River Small Cap and determine expected loss or profit from investing in Hood River over a given investment horizon. Check out Hood River Correlation, Hood River Volatility and Hood River Alpha and Beta module to complement your research on Hood River.
Symbol

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

Hood River '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 Hood River'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 Hood River.
0.00
11/12/2024
No Change 0.00  0.0 
In 30 days
12/12/2024
0.00
If you would invest  0.00  in Hood River on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Hood River Small Cap or generate 0.0% return on investment in Hood River over 30 days. Hood River is related to or competes with Oppenheimer Gold, Global Gold, Gabelli Gold, Gold, and International Investors. The fund, under normal market conditions, invests at least 80 percent of its net assets plus any borrowings for investme... More

Hood River 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 Hood River'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 Hood River Small Cap upside and downside potential and time the market with a certain degree of confidence.

Hood River Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hood River's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hood River's standard deviation. In reality, there are many statistical measures that can use Hood River historical prices to predict the future Hood River's volatility.
Hype
Prediction
LowEstimatedHigh
82.0783.3284.57
Details
Intrinsic
Valuation
LowRealHigh
74.9989.5490.79
Details
Naive
Forecast
LowNextHigh
79.6480.8882.13
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
82.2184.2186.20
Details

Hood River Small Backtested Returns

Hood River appears to be very steady, given 3 months investment horizon. Hood River Small holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hood River Small, which you can use to evaluate the volatility of the entity. Please utilize Hood River's Market Risk Adjusted Performance of 0.2265, risk adjusted performance of 0.1783, and Downside Deviation of 1.05 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 1.35, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hood River will likely underperform.

Auto-correlation

    
  -0.68  

Very good reverse predictability

Hood River Small Cap has very good reverse predictability. Overlapping area represents the amount of predictability between Hood River time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Hood River Small price movement. The serial correlation of -0.68 indicates that around 68.0% of current Hood River price fluctuation can be explain by its past prices.
Correlation Coefficient-0.68
Spearman Rank Test-0.42
Residual Average0.0
Price Variance0.98

Hood River Small lagged returns against current returns

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

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

Hood River Lagged Returns

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

Hood River financial ratios help investors to determine whether Hood 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 Hood with respect to the benefits of owning Hood River security.
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