Hotchkis Wiley Small Fund Market Value
| HWVAX Fund | USD 11.62 0.04 0.35% |
| Symbol | Hotchkis |
Hotchkis Wiley '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 Hotchkis Wiley'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 Hotchkis Wiley.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Hotchkis Wiley on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Hotchkis Wiley Small or generate 0.0% return on investment in Hotchkis Wiley over 30 days. Hotchkis Wiley is related to or competes with Hotchkis Wiley, Hotchkis Wiley, Hotchkis Wiley, Hotchkis Wiley, Hotchkis Wiley, Hotchkis Wiley, and Hotchkis Wiley. The fund normally invests at least 80 percent of its net assets plus borrowings for investment purposes in equity securi... More
Hotchkis Wiley 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 Hotchkis Wiley'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 Hotchkis Wiley Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.18 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 2.1 |
Hotchkis Wiley Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hotchkis Wiley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hotchkis Wiley's standard deviation. In reality, there are many statistical measures that can use Hotchkis Wiley historical prices to predict the future Hotchkis Wiley's volatility.| Risk Adjusted Performance | 0.004 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hotchkis Wiley'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.
Hotchkis Wiley Small Backtested Returns
Hotchkis Wiley Small holds Efficiency (Sharpe) Ratio of -0.0449, which attests that the entity had a -0.0449% return per unit of risk over the last 3 months. Hotchkis Wiley Small exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hotchkis Wiley's Market Risk Adjusted Performance of 0.002, risk adjusted performance of 0.004, and Standard Deviation of 1.21 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 1.47, 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, Hotchkis Wiley will likely underperform.
Auto-correlation | -0.41 |
Modest reverse predictability
Hotchkis Wiley Small has modest reverse predictability. Overlapping area represents the amount of predictability between Hotchkis Wiley time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Hotchkis Wiley Small price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Hotchkis Wiley price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Hotchkis Wiley Small lagged returns against current returns
Autocorrelation, which is Hotchkis Wiley 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 Hotchkis Wiley's mutual fund expected returns. We can calculate the autocorrelation of Hotchkis Wiley returns to help us make a trade decision. For example, suppose you find that Hotchkis Wiley 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 |
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Hotchkis Wiley 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 Hotchkis Wiley mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hotchkis Wiley mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hotchkis Wiley mutual fund over time.
Current vs Lagged Prices |
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Hotchkis Wiley Lagged Returns
When evaluating Hotchkis Wiley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hotchkis Wiley mutual fund have on its future price. Hotchkis Wiley 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, Hotchkis Wiley autocorrelation shows the relationship between Hotchkis Wiley mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hotchkis Wiley Small.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Hotchkis Wiley Correlation, Hotchkis Wiley Volatility and Hotchkis Wiley Alpha and Beta module to complement your research on Hotchkis Wiley. Note that the Hotchkis Wiley Small information on this page should be used as a complementary analysis to other Hotchkis Wiley'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 the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Hotchkis Wiley 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.