Eventide Limited Term Bond Fund Market Value
| ETIBX Fund | USD 10.27 0.01 0.1% |
| Symbol | Eventide |
Eventide Limited-term '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 Limited-term'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 Limited-term.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Eventide Limited-term on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Eventide Limited Term Bond or generate 0.0% return on investment in Eventide Limited-term over 30 days. Eventide Limited-term is related to or competes with Pace High, Pimco High, Calvert High, Ppm High, and Siit High. The fund seeks to achieve its objective through investments in income-producing securities issued by entities deemed by ... More
Eventide Limited-term 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 Limited-term'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 Limited Term Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1737 | |||
| Information Ratio | (0.98) | |||
| Maximum Drawdown | 0.678 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.1946 |
Eventide Limited-term Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Limited-term's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eventide Limited-term's standard deviation. In reality, there are many statistical measures that can use Eventide Limited-term historical prices to predict the future Eventide Limited-term's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.73) | |||
| Treynor Ratio | (0.16) |
Eventide Limited Term Backtested Returns
At this stage we consider Eventide Mutual Fund to be very steady. Eventide Limited Term secures Sharpe Ratio (or Efficiency) of 0.0124, which denotes the fund had a 0.0124% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eventide Limited Term Bond, which you can use to evaluate the volatility of the entity. Please confirm Eventide Limited-term's Downside Deviation of 0.1737, mean deviation of 0.0894, and Coefficient Of Variation of 4274.81 to check if the risk estimate we provide is consistent with the expected return of 0.0016%. The fund shows a Beta (market volatility) of 0.0432, which means not very significant fluctuations relative to the market. As returns on the market increase, Eventide Limited-term's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eventide Limited-term is expected to be smaller as well.
Auto-correlation | 0.30 |
Below average predictability
Eventide Limited Term Bond has below average predictability. Overlapping area represents the amount of predictability between Eventide Limited-term time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Limited Term price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Eventide Limited-term price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eventide Limited Term lagged returns against current returns
Autocorrelation, which is Eventide Limited-term 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 Limited-term's mutual fund expected returns. We can calculate the autocorrelation of Eventide Limited-term returns to help us make a trade decision. For example, suppose you find that Eventide Limited-term 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 Limited-term 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 Limited-term mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eventide Limited-term 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 Limited-term mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eventide Limited-term Lagged Returns
When evaluating Eventide Limited-term's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eventide Limited-term mutual fund have on its future price. Eventide Limited-term 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 Limited-term autocorrelation shows the relationship between Eventide Limited-term mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eventide Limited Term 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 Limited-term 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 Limited-term security.
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