Ev Tab Lad Fund Market Value
| EALTX Fund | USD 12.23 0.03 0.25% |
| Symbol | EALTX |
Ev Tab '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 Ev Tab'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 Ev Tab.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ev Tab on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ev Tab Lad or generate 0.0% return on investment in Ev Tab over 30 days. Ev Tab is related to or competes with Ab Impact, T Rowe, Bbh Intermediate, Baird Strategic, Counterpoint Tactical, Nuveen All-american, and Nuveen Minnesota. The fund invests at least 80 percent of its net assets in municipal obligations with final maturities of between five an... More
Ev Tab 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 Ev Tab'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 Ev Tab Lad upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3745 | |||
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.4 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.3239 |
Ev Tab Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ev Tab's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ev Tab's standard deviation. In reality, there are many statistical measures that can use Ev Tab historical prices to predict the future Ev Tab's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ev Tab'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.
Ev Tab Lad Backtested Returns
At this stage we consider EALTX Mutual Fund to be very steady. Ev Tab Lad retains Efficiency (Sharpe Ratio) of 0.037, which denotes the fund had a 0.037% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Ev Tab, which you can use to evaluate the volatility of the entity. Please confirm Ev Tab's Market Risk Adjusted Performance of (0.08), downside deviation of 0.3745, and Standard Deviation of 0.2485 to check if the risk estimate we provide is consistent with the expected return of 0.0094%. The fund owns a Beta (Systematic Risk) of 0.0513, which means not very significant fluctuations relative to the market. As returns on the market increase, Ev Tab's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ev Tab is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
Ev Tab Lad has average predictability. Overlapping area represents the amount of predictability between Ev Tab time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Ev Tab Lad price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Ev Tab price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ev Tab Lad lagged returns against current returns
Autocorrelation, which is Ev Tab 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 Ev Tab's mutual fund expected returns. We can calculate the autocorrelation of Ev Tab returns to help us make a trade decision. For example, suppose you find that Ev Tab 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 |
Ev Tab 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 Ev Tab mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ev Tab mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ev Tab mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ev Tab Lagged Returns
When evaluating Ev Tab's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ev Tab mutual fund have on its future price. Ev Tab 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, Ev Tab autocorrelation shows the relationship between Ev Tab mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ev Tab Lad.
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.Other Information on Investing in EALTX Mutual Fund
Ev Tab financial ratios help investors to determine whether EALTX 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 EALTX with respect to the benefits of owning Ev Tab security.
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