HCMWX Mutual Fund Market Value

HCMWX
 Fund
  

USD 17.55  0.29  1.68%   

Hcm Dividend's market value is the price at which a share of Hcm Dividend stock trades on a public exchange. It measures the collective expectations of Hcm Dividend Sector investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Hcm Dividend Sector and determine expected loss or profit from investing in Hcm Dividend over a given investment horizon. Please check Hcm Dividend Hype Analysis, Hcm Dividend Correlation, Portfolio Optimization, Hcm Dividend Volatility, as well as analyze Hcm Dividend Alpha and Beta and Hcm Dividend Performance.
Symbol
Backtest

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

Hcm Dividend '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 Hcm Dividend'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 Hcm Dividend.
0.00
05/28/2022
No Change 0.00  0.0 
In 31 days
06/27/2022
0.00
If you would invest  0.00  in Hcm Dividend on May 28, 2022 and sell it all today you would earn a total of 0.00 from holding Hcm Dividend Sector or generate 0.0% return on investment in Hcm Dividend over 30 days. The fund seeks to achieve its investment objective through investments in dividend paying equity securities of companies...More

Hcm Dividend 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 Hcm Dividend'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 Hcm Dividend Sector upside and downside potential and time the market with a certain degree of confidence.

Hcm Dividend Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hcm Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hcm Dividend's standard deviation. In reality, there are many statistical measures that can use Hcm Dividend historical prices to predict the future Hcm Dividend's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Hcm Dividend'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. Please use the tools below to analyze the current value of Hcm Dividend in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
16.2017.5518.90
Details
Intrinsic
Valuation
LowReal ValueHigh
16.5017.8519.20
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hcm Dividend. Your research has to be compared to or analyzed against Hcm Dividend's peers to derive any actionable benefits. When done correctly, Hcm Dividend's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Hcm Dividend Sector.

Hcm Dividend Sector Backtested Returns

Hcm Dividend Sector holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had -0.18% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Hcm Dividend Sector exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hcm Dividend market risk adjusted performance of (0.22), and Risk Adjusted Performance of (0.21) to validate the risk estimate we provide.
The fund retains a Market Volatility (i.e., Beta) of 0.9093, which attests to possible diversification benefits within a given portfolio. Let's try to break down what HCMWX's beta means in this case. Hcm Dividend returns are very sensitive to returns on the market. As the market goes up or down, Hcm Dividend is expected to follow. Even though it is essential to pay attention to Hcm Dividend Sector current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy towards determining any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Hcm Dividend Sector exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.5  

Modest reverse predictability

Hcm Dividend Sector has modest reverse predictability. Overlapping area represents the amount of predictability between Hcm Dividend time series from 28th of May 2022 to 12th of June 2022 and 12th of June 2022 to 27th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hcm Dividend Sector price movement. The serial correlation of -0.5 indicates that about 50.0% of current Hcm Dividend price fluctuation can be explain by its past prices.
Correlation Coefficient-0.5
Spearman Rank Test0.12
Residual Average0.0
Price Variance0.03

Hcm Dividend Sector lagged returns against current returns

Autocorrelation, which is Hcm Dividend 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 Hcm Dividend's mutual fund expected returns. We can calculate the autocorrelation of Hcm Dividend returns to help us make a trade decision. For example, suppose you find that Hcm Dividend mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

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

Hcm Dividend Lagged Returns

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

Hcm Dividend Investors Sentiment

The influence of Hcm Dividend's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in HCMWX. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hcm Dividend in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hcm Dividend's short interest history, or implied volatility extrapolated from Hcm Dividend options trading.

Current Sentiment - HCMWX

Hcm Dividend Sector Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in Hcm Dividend Sector. What is your judgment towards investing in Hcm Dividend Sector? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

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Please check Hcm Dividend Hype Analysis, Hcm Dividend Correlation, Portfolio Optimization, Hcm Dividend Volatility, as well as analyze Hcm Dividend Alpha and Beta and Hcm Dividend Performance. Note that the Hcm Dividend Sector information on this page should be used as a complementary analysis to other Hcm Dividend'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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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When running Hcm Dividend Sector price analysis, check to measure Hcm Dividend'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 Hcm Dividend is operating at the current time. Most of Hcm Dividend's value examination focuses on studying past and present price action to predict the probability of Hcm Dividend's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hcm Dividend's price. Additionally, you may evaluate how the addition of Hcm Dividend to your portfolios can decrease your overall portfolio volatility.
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Hcm Dividend technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Hcm Dividend technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hcm Dividend trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...