Hewitt Money Market Fund Market Value
| HEWXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Hewitt |
Please note, there is a significant difference between Hewitt Money's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hewitt Money is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hewitt Money'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.
Hewitt Money '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 Hewitt Money's money market 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 Hewitt Money.
| 03/04/2024 |
| 06/02/2024 |
If you would invest 0.00 in Hewitt Money on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding Hewitt Money Market or generate 0.0% return on investment in Hewitt Money over 90 days. Hewitt Money is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Hewitt Money is entity of United States. It is traded as Fund on NMFQS exchange. More
Hewitt Money 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 Hewitt Money's money market 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 Hewitt Money Market upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 1.01 |
Hewitt Money Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hewitt Money's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hewitt Money's standard deviation. In reality, there are many statistical measures that can use Hewitt Money historical prices to predict the future Hewitt Money's volatility.| Risk Adjusted Performance | 0.0367 | |||
| Jensen Alpha | 0.0038 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | 0.1281 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hewitt Money'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.
Hewitt Money Market Backtested Returns
We consider Hewitt Money not too volatile. Hewitt Money Market holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Hewitt Money Market, which you can use to evaluate the volatility of the entity. Please check out Hewitt Money's Standard Deviation of 0.1243, risk adjusted performance of 0.0367, and Market Risk Adjusted Performance of 0.1381 to validate if the risk estimate we provide is consistent with the expected return of 0.0155%. The fund retains a Market Volatility (i.e., Beta) of 0.0414, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hewitt Money's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hewitt Money is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Hewitt Money Market has no correlation between past and present. Overlapping area represents the amount of predictability between Hewitt Money time series from 4th of March 2024 to 18th of April 2024 and 18th of April 2024 to 2nd of June 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 Hewitt Money Market price movement. The serial correlation of 0.0 indicates that just 0.0% of current Hewitt Money price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hewitt Money Market lagged returns against current returns
Autocorrelation, which is Hewitt Money money market 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 Hewitt Money's money market fund expected returns. We can calculate the autocorrelation of Hewitt Money returns to help us make a trade decision. For example, suppose you find that Hewitt Money has exhibited high autocorrelation historically, and you observe that the money market 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 |
Hewitt Money 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 Hewitt Money money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hewitt Money money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hewitt Money money market fund over time.
Current vs Lagged Prices |
| Timeline |
Hewitt Money Lagged Returns
When evaluating Hewitt Money's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hewitt Money money market fund have on its future price. Hewitt Money 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, Hewitt Money autocorrelation shows the relationship between Hewitt Money money market fund current value and its past values and can show if there is a momentum factor associated with investing in Hewitt Money Market.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Hewitt Money Correlation, Hewitt Money Volatility and Hewitt Money Alpha and Beta module to complement your research on Hewitt Money. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Hewitt Money technical money market 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.