Eventide Exponential Technologies Fund Market Value
| ETCEX Fund | USD 13.08 0.05 0.38% |
| Symbol | Eventide |
Eventide Exponential '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 Exponential'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 Exponential.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Eventide Exponential on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Eventide Exponential Technologies or generate 0.0% return on investment in Eventide Exponential over 180 days. Eventide Exponential is related to or competes with Federated Kaufmann, Aqr Large, Strategic Allocation:, T Rowe, Qs Us, Principal Lifetime, and Enhanced. Under normal market conditions, the fund invests at least 80 percent of its net assets in companies that the Adviser bel... More
Eventide Exponential 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 Exponential'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 Exponential Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0468 | |||
| Maximum Drawdown | 7.29 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.18 |
Eventide Exponential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Exponential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eventide Exponential's standard deviation. In reality, there are many statistical measures that can use Eventide Exponential historical prices to predict the future Eventide Exponential's volatility.| Risk Adjusted Performance | 0.1189 | |||
| Jensen Alpha | 0.0063 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0441 | |||
| Treynor Ratio | 0.132 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eventide Exponential'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.
Eventide Exponential Backtested Returns
Eventide Exponential appears to be very steady, given 3 months investment horizon. Eventide Exponential secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eventide Exponential Technologies, which you can use to evaluate the volatility of the entity. Please utilize Eventide Exponential's Downside Deviation of 1.42, mean deviation of 0.9553, and Coefficient Of Variation of 666.96 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.44, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eventide Exponential will likely underperform.
Auto-correlation | -0.03 |
Very weak reverse predictability
Eventide Exponential Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between Eventide Exponential time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Exponential price movement. The serial correlation of -0.03 indicates that only 3.0% of current Eventide Exponential price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Eventide Exponential lagged returns against current returns
Autocorrelation, which is Eventide Exponential 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 Exponential's mutual fund expected returns. We can calculate the autocorrelation of Eventide Exponential returns to help us make a trade decision. For example, suppose you find that Eventide Exponential 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 Exponential 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 Exponential mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eventide Exponential 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 Exponential mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eventide Exponential Lagged Returns
When evaluating Eventide Exponential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eventide Exponential mutual fund have on its future price. Eventide Exponential 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 Exponential autocorrelation shows the relationship between Eventide Exponential mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eventide Exponential Technologies.
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 Exponential 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 Exponential security.
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