Altegris Futures Evolution Fund Current Valuation
| EVOAX Fund | USD 6.84 0.01 0.15% |
Valuation analysis of Altegris Futures Evo helps investors to measure Altegris Futures' intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that Altegris Futures' price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Altegris Futures Evo shows a prevailing Real Value of $6.82 per share. The current price of the fund is $6.84. We determine the value of Altegris Futures Evo from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Since Altegris Futures is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Altegris Mutual Fund. However, Altegris Futures' intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 6.84 | Real 6.82 | Hype 6.84 | Naive 6.9 |
The intrinsic value of Altegris Futures' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Altegris Futures' stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Altegris Futures Evolution helps investors to forecast how Altegris mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Altegris Futures more accurately as focusing exclusively on Altegris Futures' fundamentals will not take into account other important factors: Altegris Futures Evolution Mutual Fund Current Valuation Analysis
Altegris Futures' Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Altegris Futures Evolution has a Current Valuation of 0.0. This indicator is about the same for the Altegris average (which is currently at 0.0) family and about the same as Systematic Trend (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
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Fund Asset Allocation for Altegris Futures
The fund invests 22.84% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (13.54%) , cash (10.37%) and various exotic instruments.Asset allocation divides Altegris Futures' investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Altegris Fundamentals
| Total Asset | 4.3 M | |||
| Annual Yield | 0 % | |||
| Year To Date Return | 2.90 % | |||
| One Year Return | 3.22 % | |||
| Three Year Return | 5.15 % | |||
| Five Year Return | 3.67 % | |||
| Net Asset | 80.98 M | |||
| Cash Position Weight | 10.37 % | |||
| Equity Positions Weight | 22.84 % | |||
| Bond Positions Weight | 13.54 % |
About Altegris Futures Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Altegris Futures Evolution's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Altegris Futures using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Altegris Futures Evolution based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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.Other Information on Investing in Altegris Mutual Fund
Altegris Futures financial ratios help investors to determine whether Altegris 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 Altegris with respect to the benefits of owning Altegris Futures security.
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