Harbor Mutual Fund Quote

HICSX
 Fund
  

USD 9.54  0.07  0.73%   

Market Performance
0 of 100
Odds Of Distress
Less than 2
Harbor Convertible is trading at 9.54 as of the 28th of September 2022; that is -0.73 percent decrease since the beginning of the trading day. The fund's open price was 9.61. Harbor Convertible has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Harbor Convertible Securities are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of October 2020 and ending today, the 28th of September 2022. Click here to learn more.
Under normal market conditions, the fund invests at least 80 percent of its net assets, plus borrowings for investment purposes, in a diversified portfolio of convertible securities. Harbor Convertible is traded on NASDAQ Exchange in the United States. More on Harbor Convertible Securities

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Harbor Convertible 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. Harbor Convertible's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Harbor Convertible or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Harbor Convertible generated a negative expected return over the last 90 days
Harbor Convertible is unlikely to experience financial distress in the next 2 years
The fund retains most of the assets under management (AUM) in different types of exotic instruments.
Thematic IdeaConvertibles (view all)
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 Harbor Convertible's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Startdate2nd of May 2011
Harbor Convertible Securities [HICSX] is traded in USA and was established 28th of September 2022. The fund is listed under Convertibles category and is part of Harbor family. The entity is thematically classified as Convertibles. Harbor Convertible currently has accumulated 169.35 M in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was 7.14%.
Check Harbor Convertible Probability Of Bankruptcy

Instrument Allocation

Harbor Convertible Target Price Odds Analysis

Based on a normal probability distribution, the odds of Harbor Convertible jumping above the current price in 90 days from now is about 98.0%. The Harbor Convertible Securities probability density function shows the probability of Harbor Convertible mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Harbor Convertible has a beta of 0.0576. This usually indicates as returns on the market go up, Harbor Convertible average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Harbor Convertible Securities will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Harbor Convertible is significantly underperforming DOW.
  Odds Below 9.54HorizonTargetOdds Above 9.54
1.79%90 days
 9.54 
98.16%
Based on a normal probability distribution, the odds of Harbor Convertible to move above the current price in 90 days from now is about 98.0 (This Harbor Convertible Securities probability density function shows the probability of Harbor Mutual Fund to fall within a particular range of prices over 90 days) .

Harbor Convertible Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Harbor Convertible market risk premium is the additional return an investor will receive from holding Harbor Convertible 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 Harbor Convertible. 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 Harbor Convertible's alpha and beta are two of the key measurements used to evaluate Harbor Convertible's performance over the market, the standard measures of volatility play an important role as well.

Harbor Convertible Against Markets

Picking the right benchmark for Harbor Convertible 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 Harbor Convertible 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 Harbor Convertible is critical whether you are bullish or bearish towards Harbor Convertible Securities at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Harbor Convertible 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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Invested in Harbor Convertible Securities?

The danger of trading Harbor Convertible Securities 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 Harbor Convertible 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 Harbor Convertible. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Harbor Convertible 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. You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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