MHESX Mutual Fund Market Value

MHESX
 Fund
  

USD 4.56  0.01  0.22%   

Mh Elite's market value is the price at which a share of Mh Elite stock trades on a public exchange. It measures the collective expectations of Mh Elite Select investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Mh Elite Select and determine expected loss or profit from investing in Mh Elite over a given investment horizon. Additionally, see Mh Elite Correlation, Mh Elite Volatility and Mh Elite Alpha and Beta module to complement your research on Mh Elite.
Symbol

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

Mh Elite '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 Mh Elite'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 Mh Elite.
0.00
09/05/2021
No Change 0.00  0.0 
In 1 year and 26 days
09/30/2022
0.00
If you would invest  0.00  in Mh Elite on September 5, 2021 and sell it all today you would earn a total of 0.00 from holding Mh Elite Select or generate 0.0% return on investment in Mh Elite over 390 days. Mh Elite is related to or competes with Disney. The fund invests at least 80 percent of its total assets in 15 to 25 unaffiliated open-end mutual funds More

Mh Elite 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 Mh Elite'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 Mh Elite Select upside and downside potential and time the market with a certain degree of confidence.

Mh Elite Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mh Elite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mh Elite's standard deviation. In reality, there are many statistical measures that can use Mh Elite historical prices to predict the future Mh Elite's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Mh Elite'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 Mh Elite in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
3.464.565.66
Details
Intrinsic
Valuation
LowReal ValueHigh
3.564.665.76
Details
Naive
Forecast
LowNext ValueHigh
3.274.375.47
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.554.995.43
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mh Elite. Your research has to be compared to or analyzed against Mh Elite's peers to derive any actionable benefits. When done correctly, Mh Elite'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 Mh Elite Select.

Mh Elite Select Backtested Returns

Mh Elite Select retains Efficiency (Sharpe Ratio) of -0.1, which conveys that the entity had -0.1% of return per unit of price deviation over the last 3 months. Macroaxis viewpoint regarding estimating 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. Mh Elite exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Mh Elite Select Standard Deviation of 1.08, market risk adjusted performance of (3.71), and Mean Deviation of 0.8142 to check out the risk estimate we provide.
The fund owns a Beta (Systematic Risk) of 0.0427, which conveys not very significant fluctuations relative to the market. Let's try to break down what MHESX's beta means in this case. As returns on the market increase, Mh Elite returns are expected to increase less than the market. However, during the bear market, the loss on holding Mh Elite will be expected to be smaller as well. Even though it is essential to pay attention to Mh Elite Select existing price patterns, it is always good to be careful when utilizing equity price patterns. Our way of estimating 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. Mh Elite exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.47  

Average predictability

Mh Elite Select has average predictability. Overlapping area represents the amount of predictability between Mh Elite time series from 5th of September 2021 to 19th of March 2022 and 19th of March 2022 to 30th of September 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 Mh Elite Select price movement. The serial correlation of 0.47 indicates that about 47.0% of current Mh Elite price fluctuation can be explain by its past prices.
Correlation Coefficient0.47
Spearman Rank Test0.51
Residual Average0.0
Price Variance0.1

Mh Elite Select lagged returns against current returns

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

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

Mh Elite Lagged Returns

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

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 Mh Elite 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, Mh Elite's short interest history, or implied volatility extrapolated from Mh Elite options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Mh Elite Select using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Align your risk with return expectations

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see Mh Elite Correlation, Mh Elite Volatility and Mh Elite Alpha and Beta module to complement your research on Mh Elite. You can also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for analysis

When running Mh Elite Select price analysis, check to measure Mh Elite'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 Mh Elite is operating at the current time. Most of Mh Elite's value examination focuses on studying past and present price action to predict the probability of Mh Elite's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mh Elite's price. Additionally, you may evaluate how the addition of Mh Elite to your portfolios can decrease your overall portfolio volatility.
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Mh Elite 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, fund market cycles, or different charting patterns.
A focus of Mh Elite technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mh Elite 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...