Europac International Bond Fund Market Value
| EPIBX Fund | USD 8.43 0.02 0.24% |
| Symbol | Europac |
Europac International '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 Europac International'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 Europac International.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Europac International on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Europac International Bond or generate 0.0% return on investment in Europac International over 180 days. Europac International is related to or competes with Capital World, Capital World, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. Under normal market conditions, the fund will invest at least 80 percent of its net assets in bonds issued by companies ... More
Europac International 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 Europac International'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 Europac International Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.59) | |||
| Maximum Drawdown | 1.41 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.464 |
Europac International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Europac International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Europac International's standard deviation. In reality, there are many statistical measures that can use Europac International historical prices to predict the future Europac International's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (1.74) |
Europac International Backtested Returns
Europac International secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the fund had a -0.13% return per unit of risk over the last 3 months. Europac International Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Europac International's Standard Deviation of 0.2999, variance of 0.0899, and Mean Deviation of 0.2402 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0329, which means not very significant fluctuations relative to the market. As returns on the market increase, Europac International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Europac International is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Europac International Bond has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Europac International time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Europac International price movement. The serial correlation of -0.74 indicates that around 74.0% of current Europac International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Europac International lagged returns against current returns
Autocorrelation, which is Europac International 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 Europac International's mutual fund expected returns. We can calculate the autocorrelation of Europac International returns to help us make a trade decision. For example, suppose you find that Europac International 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 |
Europac International 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 Europac International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Europac International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Europac International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Europac International Lagged Returns
When evaluating Europac International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Europac International mutual fund have on its future price. Europac International 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, Europac International autocorrelation shows the relationship between Europac International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Europac International Bond.
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 Europac Mutual Fund
Europac International financial ratios help investors to determine whether Europac 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 Europac with respect to the benefits of owning Europac International security.
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