Eventide Core Bond Fund Market Value
| ETCRX Fund | USD 8.20 0.06 0.74% |
| Symbol | Eventide |
Eventide Core '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 Core'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 Core.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Eventide Core on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Eventide Core Bond or generate 0.0% return on investment in Eventide Core over 510 days. Eventide Core is related to or competes with T Rowe, Prudential Real, Fidelity Real, and Real Estate. The fund seeks to achieve its objective through investments in income-producing securities issued by entities deemed by ... More
Eventide Core 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 Core'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 Core Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.21 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.4837 |
Eventide Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eventide Core's standard deviation. In reality, there are many statistical measures that can use Eventide Core historical prices to predict the future Eventide Core's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.6616 |
Eventide Core Bond Backtested Returns
Eventide Core Bond secures Sharpe Ratio (or Efficiency) of -0.0469, which denotes the fund had a -0.0469% return per unit of risk over the last 3 months. Eventide Core Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eventide Core's Variance of 0.0734, mean deviation of 0.2045, and Standard Deviation of 0.271 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0368, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eventide Core are expected to decrease at a much lower rate. During the bear market, Eventide Core is likely to outperform the market.
Auto-correlation | 0.53 |
Modest predictability
Eventide Core Bond has modest predictability. Overlapping area represents the amount of predictability between Eventide Core time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Eventide Core Bond price movement. The serial correlation of 0.53 indicates that about 53.0% of current Eventide Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Eventide Core Bond lagged returns against current returns
Autocorrelation, which is Eventide Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Eventide Core returns to help us make a trade decision. For example, suppose you find that Eventide Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eventide Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eventide Core Lagged Returns
When evaluating Eventide Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eventide Core mutual fund have on its future price. Eventide Core 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 Core autocorrelation shows the relationship between Eventide Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eventide Core 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 Core 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 Core security.
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