Eventide Large Cap Fund Market Value
| ETLCX Fund | 14.94 0.10 0.66% |
| Symbol | Eventide |
Eventide Large '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 Large'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 Large.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Eventide Large on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Eventide Large Cap or generate 0.0% return on investment in Eventide Large over 720 days. Eventide Large is related to or competes with Janus Global, Mfs Technology, Allianzgi Technology, Technology Ultrasector, Fidelity Advisor, and Invesco Technology. The fund seeks to achieve its investment objective by primarily investing in a broad range of equity securities of large... More
Eventide Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8704 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.05 |
Eventide Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eventide Large's standard deviation. In reality, there are many statistical measures that can use Eventide Large historical prices to predict the future Eventide Large's volatility.| Risk Adjusted Performance | 0.0623 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0663 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eventide Large'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 Large Cap Backtested Returns
At this stage we consider Eventide Mutual Fund to be very steady. Eventide Large Cap secures Sharpe Ratio (or Efficiency) of 0.0546, which denotes the fund had a 0.0546% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eventide Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Eventide Large's Downside Deviation of 0.8704, mean deviation of 0.5775, and Coefficient Of Variation of 1222.6 to check if the risk estimate we provide is consistent with the expected return of 0.0416%. The fund shows a Beta (market volatility) of 0.77, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eventide Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eventide Large is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Eventide Large Cap has poor predictability. Overlapping area represents the amount of predictability between Eventide Large time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Large Cap price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Eventide Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Eventide Large Cap lagged returns against current returns
Autocorrelation, which is Eventide Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Eventide Large returns to help us make a trade decision. For example, suppose you find that Eventide Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eventide Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eventide Large Lagged Returns
When evaluating Eventide Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eventide Large mutual fund have on its future price. Eventide Large 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 Large autocorrelation shows the relationship between Eventide Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eventide Large Cap.
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 Large 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 Large security.
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