Hood River Small Cap Fund Market Value
| HRSRX Fund | USD 60.09 0.18 0.30% |
| Symbol | Hood |
Hood River '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 Hood River'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 Hood River.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Hood River on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hood River Small Cap or generate 0.0% return on investment in Hood River over 30 days. Hood River is related to or competes with Champlain Mid, Aberdeen Select, Marsico 21st, Diamond Hill, and Amg Timessquare. The fund, under normal market conditions, invests at least 80 percent of its net assets plus any borrowings for investme... More
Hood River 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 Hood River'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 Hood River Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.0463 | |||
| Maximum Drawdown | 5.4 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.31 |
Hood River Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hood River's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hood River's standard deviation. In reality, there are many statistical measures that can use Hood River historical prices to predict the future Hood River's volatility.| Risk Adjusted Performance | 0.0783 | |||
| Jensen Alpha | 0.0046 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0468 | |||
| Treynor Ratio | 0.0881 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hood River'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.
Hood River Small Backtested Returns
We consider Hood River very steady. Hood River Small holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hood River Small, which you can use to evaluate the volatility of the entity. Please check out Hood River's Market Risk Adjusted Performance of 0.0981, downside deviation of 1.34, and Risk Adjusted Performance of 0.0783 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The fund retains a Market Volatility (i.e., Beta) of 1.68, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hood River will likely underperform.
Auto-correlation | 0.30 |
Below average predictability
Hood River Small Cap has below average predictability. Overlapping area represents the amount of predictability between Hood River time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hood River Small price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Hood River price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.53 |
Hood River Small lagged returns against current returns
Autocorrelation, which is Hood River 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 Hood River's mutual fund expected returns. We can calculate the autocorrelation of Hood River returns to help us make a trade decision. For example, suppose you find that Hood River has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hood River 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 Hood River mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hood River mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hood River mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hood River Lagged Returns
When evaluating Hood River's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hood River mutual fund have on its future price. Hood River 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, Hood River autocorrelation shows the relationship between Hood River mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hood River Small Cap.
Regressed Prices |
| Timeline |
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Hood River 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.