Eventide Multi Asset Income Fund Market Value
| ETNMX Fund | USD 15.07 0.04 0.27% |
| Symbol | Eventide |
Eventide Multi-asset '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 Multi-asset'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 Multi-asset.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Eventide Multi-asset on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Eventide Multi Asset Income or generate 0.0% return on investment in Eventide Multi-asset over 180 days. Eventide Multi-asset is related to or competes with Eventide Healthcare, Eventide Gilead, Eventide Global, Eventide Exponential, and Eventide Limited-term. The fund has significant flexibility to achieve its investment objective by primarily investing in a broad universe of i... More
Eventide Multi-asset 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 Multi-asset'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 Multi Asset Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4341 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 1.91 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.7671 |
Eventide Multi-asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Multi-asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eventide Multi-asset's standard deviation. In reality, there are many statistical measures that can use Eventide Multi-asset historical prices to predict the future Eventide Multi-asset's volatility.| Risk Adjusted Performance | 0.125 | |||
| Jensen Alpha | 0.0095 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.1486 |
Eventide Multi Asset Backtested Returns
At this stage we consider Eventide Mutual Fund to be very steady. Eventide Multi Asset secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eventide Multi Asset Income, which you can use to evaluate the volatility of the entity. Please confirm Eventide Multi-asset's Mean Deviation of 0.3612, coefficient of variation of 578.66, and Downside Deviation of 0.4341 to check if the risk estimate we provide is consistent with the expected return of 0.0862%. The fund shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eventide Multi-asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eventide Multi-asset is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
Eventide Multi Asset Income has good predictability. Overlapping area represents the amount of predictability between Eventide Multi-asset 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 Multi Asset price movement. The serial correlation of 0.79 indicates that around 79.0% of current Eventide Multi-asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Eventide Multi Asset lagged returns against current returns
Autocorrelation, which is Eventide Multi-asset 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 Multi-asset's mutual fund expected returns. We can calculate the autocorrelation of Eventide Multi-asset returns to help us make a trade decision. For example, suppose you find that Eventide Multi-asset 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 Multi-asset 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 Multi-asset mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eventide Multi-asset 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 Multi-asset mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eventide Multi-asset Lagged Returns
When evaluating Eventide Multi-asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eventide Multi-asset mutual fund have on its future price. Eventide Multi-asset 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 Multi-asset autocorrelation shows the relationship between Eventide Multi-asset mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eventide Multi Asset Income.
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 Multi-asset 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 Multi-asset security.
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