Essex Environmental Opportunities Fund Market Value
| GEOSX Fund | USD 14.46 0.18 1.26% |
| Symbol | Essex |
Essex Environmental '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 Essex Environmental'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 Essex Environmental.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Essex Environmental on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Essex Environmental Opportunities or generate 0.0% return on investment in Essex Environmental over 660 days. Essex Environmental is related to or competes with Pear Tree, Pear Tree, Pear Tree, Pear Tree, Pear Tree, Pear Tree, and Pear Tree. Under normal market conditions, fund invests at least 80 percent of its net assets in equity securities of clean-tech co... More
Essex Environmental 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 Essex Environmental'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 Essex Environmental Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.89 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.91 |
Essex Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Essex Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Essex Environmental's standard deviation. In reality, there are many statistical measures that can use Essex Environmental historical prices to predict the future Essex Environmental's volatility.| Risk Adjusted Performance | 0.0673 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0862 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Essex Environmental'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.
Essex Environmental Backtested Returns
At this stage we consider Essex Mutual Fund to be very steady. Essex Environmental secures Sharpe Ratio (or Efficiency) of 0.069, which denotes the fund had a 0.069% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Essex Environmental Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Essex Environmental's Mean Deviation of 0.9644, coefficient of variation of 1201.95, and Downside Deviation of 1.24 to check if the risk estimate we provide is consistent with the expected return of 0.0809%. The fund shows a Beta (market volatility) of 1.03, which means a somewhat significant risk relative to the market. Essex Environmental returns are very sensitive to returns on the market. As the market goes up or down, Essex Environmental is expected to follow.
Auto-correlation | -0.39 |
Poor reverse predictability
Essex Environmental Opportunities has poor reverse predictability. Overlapping area represents the amount of predictability between Essex Environmental time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Essex Environmental price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Essex Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Essex Environmental lagged returns against current returns
Autocorrelation, which is Essex Environmental 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 Essex Environmental's mutual fund expected returns. We can calculate the autocorrelation of Essex Environmental returns to help us make a trade decision. For example, suppose you find that Essex Environmental 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 |
Essex Environmental 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 Essex Environmental mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Essex Environmental mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Essex Environmental mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Essex Environmental Lagged Returns
When evaluating Essex Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Essex Environmental mutual fund have on its future price. Essex Environmental 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, Essex Environmental autocorrelation shows the relationship between Essex Environmental mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Essex Environmental Opportunities.
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 Essex Mutual Fund
Essex Environmental financial ratios help investors to determine whether Essex 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 Essex with respect to the benefits of owning Essex Environmental security.
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