MHESX Mutual Fund Market Value

MHESX
 Fund
  

USD 5.39  0.04  0.75%   

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 Hype Analysis, Mh Elite Correlation, Portfolio Optimization, Mh Elite Volatility, as well as analyze Mh Elite Alpha and Beta and Mh Elite Performance.
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
07/16/2022
No Change 0.00  0.0 
In 31 days
08/15/2022
0.00
If you would invest  0.00  in Mh Elite on July 16, 2022 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 30 days. Mh Elite is related to or competes with Home Depot. 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
4.065.396.72
Details
Intrinsic
Valuation
LowReal ValueHigh
3.494.826.15
Details
Naive
Forecast
LowNext ValueHigh
4.105.436.75
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.865.175.47
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

We consider Mh Elite somewhat reliable. Mh Elite Select retains Efficiency (Sharpe Ratio) of 0.0478, which conveys that the entity had 0.0478% of return per unit of price deviation over the last 3 months. Our viewpoint regarding estimating the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Mh Elite, which you can use to evaluate the future volatility of the fund. Please verify Mh Elite Select Mean Deviation of 0.9572, standard deviation of 1.34, and Market Risk Adjusted Performance of (2.84) to check out if the risk estimate we provide is consistent with the expected return of 0.0636%.
The fund owns a Beta (Systematic Risk) of -0.0364, 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, returns on owning Mh Elite are expected to decrease at a much lower rate. During the bear market, Mh Elite is likely to outperform the market. Although it is important to respect Mh Elite Select existing price patterns, it is better to be realistic regarding the information on the equity's price patterns. The way of estimating future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Mh Elite Select technical indicators, you can right now evaluate if the expected return of 0.0636% will be sustainable into the future.

Auto-correlation

    
  0.90  

Excellent predictability

Mh Elite Select has excellent predictability. Overlapping area represents the amount of predictability between Mh Elite time series from 16th of July 2022 to 31st of July 2022 and 31st of July 2022 to 15th of August 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 0.9 indicates that approximately 90.0% of current Mh Elite price fluctuation can be explain by its past prices.
Correlation Coefficient0.9
Spearman Rank Test0.85
Residual Average0.0
Price Variance0.0

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   
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       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  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mh Elite without increasing your portfolio risk or giving up 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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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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Additionally, see Mh Elite Hype Analysis, Mh Elite Correlation, Portfolio Optimization, Mh Elite Volatility, as well as analyze Mh Elite Alpha and Beta and Mh Elite Performance. Note that the Mh Elite Select information on this page should be used as a complementary analysis to other Mh Elite'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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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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, stock 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...