GoodHaven Mutual Fund Quote

GOODX
 Fund
  

USD 32.97  0.39  1.17%   

Market Performance
3 of 100
Odds Of Distress
Less than 9
GoodHaven Fund is trading at 32.97 as of the 29th of November 2022; that is -1.17 percent down since the beginning of the trading day. The fund's open price was 33.36. GoodHaven Fund has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for GoodHaven Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of January 2021 and ending today, the 29th of November 2022. Click here to learn more.
The fund primarily invests in a focused portfolio of equity securities. GoodHaven Fund is traded on NASDAQ Exchange in the United States. More on GoodHaven Fund

Moving together with GoodHaven Fund

+0.87VFINXVanguard Index Trust Low VolatilityPairCorr
+0.74VFFSXVanguard 500 Index Low VolatilityPairCorr
+0.87VFIAXVanguard 500 Index Low VolatilityPairCorr
+0.83FILFXStrategic Advisers Steady GrowthPairCorr

GoodHaven Fund Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. GoodHaven Fund's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding GoodHaven Fund or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
GoodHaven Fund generated five year return of -2.0%
This fund retains about 10.78% of its assets under management (AUM) in cash
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of GoodHaven Fund's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Beta In Three Year1.04
Startdate8th of April 2011
GoodHaven Fund [GOODX] is traded in USA and was established 29th of November 2022. The fund is listed under Mid-Cap Value category and is part of GoodHaven family. GoodHaven Fund currently has accumulated 111.37 M in assets under management (AUM) with minimum initial investment of 10 K. , while the total return for the last 3 years was -1.67%.
Check GoodHaven Fund Probability Of Bankruptcy

Instrument Allocation

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on GoodHaven Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding GoodHaven Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as GoodHaven Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top GoodHaven Fund Constituents

GoodHaven Fund Target Price Odds Analysis

Based on a normal probability distribution, the odds of GoodHaven Fund jumping above the current price in 90 days from now is about 8.38%. The GoodHaven Fund probability density function shows the probability of GoodHaven Fund mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.0429. This usually indicates GoodHaven Fund market returns are sensitive to returns on the market. As the market goes up or down, GoodHaven Fund is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. GoodHaven Fund is significantly underperforming DOW.
  Odds Below 32.97HorizonTargetOdds Above 32.97
91.48%90 days
 32.97 
8.38%
Based on a normal probability distribution, the odds of GoodHaven Fund to move above the current price in 90 days from now is about 8.38 (This GoodHaven Fund probability density function shows the probability of GoodHaven Mutual Fund to fall within a particular range of prices over 90 days) .

GoodHaven Fund Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. GoodHaven Fund market risk premium is the additional return an investor will receive from holding GoodHaven Fund long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in GoodHaven Fund. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although GoodHaven Fund's alpha and beta are two of the key measurements used to evaluate GoodHaven Fund's performance over the market, the standard measures of volatility play an important role as well.

GoodHaven Fund Against Markets

Picking the right benchmark for GoodHaven Fund mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in GoodHaven Fund mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for GoodHaven Fund is critical whether you are bullish or bearish towards GoodHaven Fund at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in GoodHaven Fund without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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Invested in GoodHaven Fund?

The danger of trading GoodHaven Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of GoodHaven Fund is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than GoodHaven Fund. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GoodHaven Fund is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. Note that the GoodHaven Fund information on this page should be used as a complementary analysis to other GoodHaven Fund's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Complementary Tools for GoodHaven Mutual Fund analysis

When running GoodHaven Fund price analysis, check to measure GoodHaven Fund's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GoodHaven Fund is operating at the current time. Most of GoodHaven Fund's value examination focuses on studying past and present price action to predict the probability of GoodHaven Fund's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move GoodHaven Fund's price. Additionally, you may evaluate how the addition of GoodHaven Fund to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between GoodHaven Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine GoodHaven Fund value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoodHaven Fund'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.