Locorr Hedged Core Fund Market Value
| LHEAX Fund | 9.66 0.06 0.63% |
| Symbol | Locorr |
Locorr 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 Locorr 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 Locorr Hedged.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Locorr Hedged on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Locorr Hedged Core or generate 0.0% return on investment in Locorr Hedged over 30 days.
Locorr 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 Locorr 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 Locorr Hedged Core upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4265 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 1.69 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.6243 |
Locorr Hedged Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Locorr Hedged's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Locorr Hedged's standard deviation. In reality, there are many statistical measures that can use Locorr Hedged historical prices to predict the future Locorr Hedged's volatility.| Risk Adjusted Performance | 0.0264 | |||
| Jensen Alpha | 0.0063 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.4178 |
Locorr Hedged Core Backtested Returns
At this stage we consider Locorr Mutual Fund to be very steady. Locorr Hedged Core has Sharpe Ratio of 0.0484, which conveys that the entity had a 0.0484 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Locorr Hedged, which you can use to evaluate the volatility of the fund. Please verify Locorr Hedged's Mean Deviation of 0.2397, risk adjusted performance of 0.0264, and Downside Deviation of 0.4265 to check out if the risk estimate we provide is consistent with the expected return of 0.0167%. The fund secures a Beta (Market Risk) of 0.0161, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Locorr Hedged's returns are expected to increase less than the market. However, during the bear market, the loss of holding Locorr Hedged is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
Locorr Hedged Core has very weak reverse predictability. Overlapping area represents the amount of predictability between Locorr Hedged time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 Locorr Hedged Core price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Locorr Hedged price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Locorr Hedged Core lagged returns against current returns
Autocorrelation, which is Locorr 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 Locorr Hedged's mutual fund expected returns. We can calculate the autocorrelation of Locorr Hedged returns to help us make a trade decision. For example, suppose you find that Locorr 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 |
Locorr 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 Locorr Hedged mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Locorr 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 Locorr Hedged mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Locorr Hedged Lagged Returns
When evaluating Locorr Hedged's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Locorr Hedged mutual fund have on its future price. Locorr 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, Locorr Hedged autocorrelation shows the relationship between Locorr Hedged mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Locorr Hedged Core.
Regressed Prices |
| Timeline |
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