Eventide Limited-term Competition

ETIBX Fund

USD 10.47 0.01 0.1%

Eventide Limited Term competes with Guggenheim Managed, Lord Abbett, Asg Managed, Aqr Managed, and Fidelity Sai; as well as few others. The fund is listed under Short-Term Bond category and is part of Eventide Funds family. Analyzing Eventide Limited-term competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Eventide Limited-term to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Eventide Limited-term Correlation with its peers.

Eventide Limited-term vs Short Duration Correlation

Poor diversification

The correlation between Eventide Limited Term Bond and APISX is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eventide Limited Term Bond and APISX in the same portfolio, assuming nothing else is changed.

Moving together with Eventide Mutual Fund

0.71	ETARX	Eventide Core Bond	Pair Corr
0.88	ETAMX	Eventide Multi Asset	Pair Corr
0.78	ETAHX	Eventide Healthcare Life	Pair Corr
0.9	ETAGX	Eventide Gilead	Pair Corr

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Hype

Prediction

Low	Estimated	High
10.39	10.47	10.55

Details

Intrinsic

Valuation

Low	Real	High
9.54	9.62	11.52

Details

Naive

Forecast

Low	Next	High
10.38	10.46	10.54

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
10.43	10.46	10.48

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Eventide Limited-term. Your research has to be compared to or analyzed against Eventide Limited-term's peers to derive any actionable benefits. When done correctly, Eventide Limited-term's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Eventide Limited Term.

Eventide Limited-term Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Eventide Limited-term and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Eventide and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Eventide Limited Term does not affect the price movement of the other competitor.

	RYIFX	LIFAX	AMFAX	QMHIX	FIFGX	ABNYX	APISX
RYIFX		0.73	0.97	0.84	0.74	0.45	0.6	RYIFX
LIFAX	0.73		0.68	0.55	0.47	0.58	0.65	LIFAX
AMFAX	0.97	0.68		0.86	0.73	0.47	0.6	AMFAX
QMHIX	0.84	0.55	0.86		0.79	0.31	0.41	QMHIX
FIFGX	0.74	0.47	0.73	0.79		0.39	0.48	FIFGX
ABNYX	0.45	0.58	0.47	0.31	0.39		0.93	ABNYX
APISX	0.6	0.65	0.6	0.41	0.48	0.93		APISX
	RYIFX	LIFAX	AMFAX	QMHIX	FIFGX	ABNYX	APISX

Risk-Adjusted Indicators

There is a big difference between Eventide Mutual Fund performing well and Eventide Limited-term Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Eventide Limited-term's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RYIFX	0.54	0.11	0.05	2.83	0.62	(0.57)	1.25	(1.24)	2.89
LIFAX	0.09	(0.01)	(0.61)	(0.25)	0.07	(0.13)	0.17	(0.17)	0.68
AMFAX	0.65	0.11	0.06	0.79	0.66	(0.72)	1.21	(1.19)	3.65
QMHIX	0.64	0.15	0.11	0.81	0.64	(0.71)	1.38	(1.32)	4.56
FIFGX	0.79	0.13	0.08	1.32	0.72	(0.89)	1.61	(1.35)	3.67
ABNYX	0.07	(0.01)	(0.49)	(0.80)	0.10	(0.11)	0.19	(0.19)	0.47
APISX	0.07	(0.01)	(0.61)	(0.57)	0.08	(0.11)	0.10	(0.10)	0.38

Eventide Limited-term Competitive Analysis

The better you understand Eventide Limited-term competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Eventide Limited-term's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Eventide Limited-term's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	ETIBX	RYIFX	LIFAX	AMFAX	QMHIX	FIFGX	ABNYX	APISX
	0.1 10.47 Eventide	0.14 21.97 Guggenheim	0.08 11.83 Lord	0.62 8.14 Asg	1.42 10.71 Aqr	1.18 97.00 Fidelity	0.19 10.60 ABNYX	0.1 10.52 Short
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Good	Fair	Good	Good	Good	Fair	Fair
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Over Valued	Over Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Buy	Sell	Strong Hold	Buy	Strong Hold	Sell	Cautious Hold
Net Asset	206.53 M	22.71 M	777 M	2.58 B	934.27 M	4.22 B	625.25 M	1.73 B
Minimum Initial Investment	100 K	2 M	N/A	2.5 K	N/A	N/A	N/A	N/A
Price To Book	N/A	1.51 X	N/A	N/A	1.98 X	N/A	N/A	N/A
Five Year Return	1.76 %	6.43 %	3.94 %	2.55 %	15.15 %	9.41 %	2.41 %	3.28 %
One Year Return	6.09 %	11.60 %	6.33 %	(4.63) %	26.23 %	12.51 %	6.53 %	5.50 %
Last Dividend Paid	0.01	1.4	0.02	0.32	0.66	0.09	0.06	0.04
Price To Earning	N/A	14.07 X	N/A	N/A	16.90 X	N/A	N/A	N/A
Price To Sales	N/A	0.75 X	N/A	N/A	1.51 X	N/A	N/A	N/A
Cash Position Weight	2.63 %	49.73 %	1.49 %	77.73 %	(522.08) %	6.19 %	20.73 %	2.83 %
Equity Positions Weight	N/A	0.85 %	5.45 %	0.28 %	(0.27) %	N/A	0.02 %	N/A
Three Year Return	4.99 %	5.61 %	4.85 %	(5.79) %	13.74 %	3.34 %	4.78 %	4.56 %
Annual Yield	0.04 %	0.06 %	0.05 %	0.02 %	0.02 %	0 %	0.04 %	0.04 %
Year To Date Return	3.99 %	4.94 %	0.37 %	6.17 %	5.58 %	8.09 %	0.09 %	0.1 %
Bond Positions Weight	93.56 %	32.40 %	15.14 %	18.13 %	8.42 %	43.81 %	3.86 %	1.16 %
Ten Year Return	2.70 %	(1.10) %	N/A	N/A	N/A	N/A	2.92 %	2.14 %
Day Typical Price	10.47	21.97	11.83	8.14	10.71	97.0	10.6	10.52
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	0.01	0.03	0.01	0.05	0.15	1.13	0.02	0.01
Rate Of Daily Change	1.0	1.0	1.0	1.01	1.01	1.01	1.0	1.0
Day Median Price	10.47	21.97	11.83	8.14	10.71	97.0	10.6	10.52
Price Action Indicator	0.005	0.015	0.005	0.025	0.075	0.56	0.01	0.005
Relative Strength Index	62.2	68.58	57.93	66.62	72.04	70.38	59.51	62.46
Coefficient Of Variation	614.69	578.23	3206.35	619.26	464.75	637.44	195857.22	217613.19
Mean Deviation	0.0636	0.5447	0.0899	0.6475	0.6431	0.7878	0.0688	0.0666
Jensen Alpha	0.0013	0.1088	(0.01)	0.1058	0.1526	0.1312	(0.01)	(0.01)
Total Risk Alpha	(0)	0.0454	(0.02)	0.0426	0.0896	0.0495	(0.02)	(0.02)
Sortino Ratio	(0.61)	0.0536	(0.61)	0.0562	0.1068	0.0781	(0.49)	(0.61)
Downside Variance	0.0119	0.6232	0.0153	0.6908	0.8364	0.7878	0.0257	0.0167
Standard Deviation	0.0806	0.7026	0.126	0.7797	0.822	0.9465	0.1036	0.0933
Kurtosis	(0.41)	(0.12)	3.9	(0.45)	0.479	(0.83)	2.26	0.4561
Potential Upside	0.0964	1.25	0.1698	1.21	1.38	1.61	0.189	0.0957
Treynor Ratio	0.1197	2.83	(0.25)	0.7923	0.8069	1.32	(0.80)	(0.57)
Maximum Drawdown	0.2897	2.89	0.6817	3.65	4.56	3.67	0.4726	0.3826
Variance	0.0065	0.4937	0.0159	0.6079	0.6757	0.8959	0.0107	0.0087
Market Risk Adjusted Performance	0.1297	2.84	(0.24)	0.8023	0.8169	1.33	(0.79)	(0.56)
Risk Adjusted Performance	0.0384	0.1268	(0.03)	0.1194	0.1594	0.1177	(0.06)	(0.07)
Skewness	(0.10)	(0.43)	1.04	(0.27)	(0.35)	(0)	(0.86)	(0.30)
Semi Deviation	0.0	0.6218	0.0711	0.6644	0.6357	0.7186	0.0953	0.0815
Information Ratio	(0.82)	0.0602	(0.60)	0.0599	0.1188	0.0732	(0.76)	(0.85)
Value At Risk	(0.1)	(1.24)	(0.17)	(1.19)	(1.32)	(1.35)	(0.19)	(0.1)
Expected Short fall	(0.10)	(0.57)	(0.13)	(0.72)	(0.71)	(0.89)	(0.11)	(0.11)
Downside Deviation	0.1089	0.7894	0.1235	0.8312	0.9145	0.8876	0.1603	0.1292
Semi Variance	(0.01)	0.3866	0.0051	0.4415	0.4041	0.5163	0.0091	0.0066

Eventide Limited-term Competition Performance Charts

Five steps to successful analysis of Eventide Limited-term Competition

Eventide Limited-term's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Eventide Limited Term in relation to its competition. Eventide Limited-term's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Eventide Limited-term in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Eventide Limited-term's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Eventide Limited Term, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Eventide Limited-term position

In addition to having Eventide Limited-term in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Wireless

Companies providing wireless technology and communication services. The Wireless theme has 44 constituents at this time.

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Other Information on Investing in Eventide Mutual Fund

Eventide Limited-term financial ratios help investors to determine whether Eventide Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eventide with respect to the benefits of owning Eventide Limited-term security.

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Eventide Limited-term Competition

Eventide Limited-term vs Short Duration Correlation

Poor diversification

Moving together with Eventide Mutual Fund

Specify up to 10 symbols:

Eventide Limited-term Competition Correlation Matrix

Risk-Adjusted Indicators

Eventide Limited-term Competitive Analysis

Eventide Limited-term Competition Performance Charts

Five steps to successful analysis of Eventide Limited-term Competition

Complement your Eventide Limited-term position

Did You Try This Idea?

Run Wireless Thematic Idea Now

Wireless

Other Information on Investing in Eventide Mutual Fund

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