Eventide Limitedterm Bond Fund Market Value
| ETCBX Fund | USD 9.96 0.01 0.10% |
| Symbol | Eventide |
Eventide Limitedterm '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 Eventide Limitedterm'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 Eventide Limitedterm.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Eventide Limitedterm on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Eventide Limitedterm Bond or generate 0.0% return on investment in Eventide Limitedterm over 30 days. Eventide Limitedterm is related to or competes with Eventide Core, Eventide Multi-asset, Eventide Healthcare, Eventide Gilead, Eventide Exponential, Eventide Global, and Eventide Limited-term. The fund seeks to achieve its objective through investments in income-producing securities issued by entities deemed by ... More
Eventide Limitedterm 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 Eventide Limitedterm'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 Eventide Limitedterm Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.08) | |||
| Maximum Drawdown | 0.699 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.2004 |
Eventide Limitedterm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Limitedterm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eventide Limitedterm's standard deviation. In reality, there are many statistical measures that can use Eventide Limitedterm historical prices to predict the future Eventide Limitedterm's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (1.47) |
Eventide Limitedterm Bond Backtested Returns
Eventide Limitedterm Bond secures Sharpe Ratio (or Efficiency) of -0.0239, which denotes the fund had a -0.0239% return per unit of risk over the last 3 months. Eventide Limitedterm Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eventide Limitedterm's Standard Deviation of 0.1284, variance of 0.0165, and Mean Deviation of 0.096 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0078, which means not very significant fluctuations relative to the market. As returns on the market increase, Eventide Limitedterm's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eventide Limitedterm is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Eventide Limitedterm Bond has below average predictability. Overlapping area represents the amount of predictability between Eventide Limitedterm time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Eventide Limitedterm Bond price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Eventide Limitedterm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eventide Limitedterm Bond lagged returns against current returns
Autocorrelation, which is Eventide Limitedterm 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 Eventide Limitedterm's mutual fund expected returns. We can calculate the autocorrelation of Eventide Limitedterm returns to help us make a trade decision. For example, suppose you find that Eventide Limitedterm 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 |
Eventide Limitedterm 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 Eventide Limitedterm mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eventide Limitedterm mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eventide Limitedterm mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eventide Limitedterm Lagged Returns
When evaluating Eventide Limitedterm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eventide Limitedterm mutual fund have on its future price. Eventide Limitedterm 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, Eventide Limitedterm autocorrelation shows the relationship between Eventide Limitedterm mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eventide Limitedterm 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 Eventide Mutual Fund
Eventide Limitedterm 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 Limitedterm security.
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