Eagle Mid Cap Fund Market Value
| HRAUX Fund | USD 94.21 1.16 1.25% |
| Symbol | EAGLE |
Eagle Mid '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 Eagle Mid'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 Eagle Mid.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Eagle Mid on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Eagle Mid Cap or generate 0.0% return on investment in Eagle Mid over 720 days. Eagle Mid is related to or competes with Mfs Mid, Janus Triton, Europacific Growth, Mfs International, and Washington Mutual. The fund normally invests at least 80 percent of its net assets in the equity securities of mid-capitalization companies More
Eagle Mid 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 Eagle Mid'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 Eagle Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.1015 | |||
| Maximum Drawdown | 5.54 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.72 |
Eagle Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eagle Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eagle Mid's standard deviation. In reality, there are many statistical measures that can use Eagle Mid historical prices to predict the future Eagle Mid's volatility.| Risk Adjusted Performance | 0.1746 | |||
| Jensen Alpha | 0.0862 | |||
| Total Risk Alpha | 0.061 | |||
| Sortino Ratio | 0.1019 | |||
| Treynor Ratio | 0.1936 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eagle Mid'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.
Eagle Mid Cap Backtested Returns
Eagle Mid appears to be very steady, given 3 months investment horizon. Eagle Mid Cap secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the fund had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eagle Mid Cap, which you can use to evaluate the volatility of the entity. Please utilize Eagle Mid's Downside Deviation of 1.06, mean deviation of 0.8027, and Coefficient Of Variation of 446.5 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.18, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eagle Mid will likely underperform.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Eagle Mid Cap has insignificant reverse predictability. Overlapping area represents the amount of predictability between Eagle Mid time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Eagle Mid Cap price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Eagle Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 10.91 |
Eagle Mid Cap lagged returns against current returns
Autocorrelation, which is Eagle Mid 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 Eagle Mid's mutual fund expected returns. We can calculate the autocorrelation of Eagle Mid returns to help us make a trade decision. For example, suppose you find that Eagle Mid 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 |
Eagle Mid 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 Eagle Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eagle Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eagle Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eagle Mid Lagged Returns
When evaluating Eagle Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eagle Mid mutual fund have on its future price. Eagle Mid 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, Eagle Mid autocorrelation shows the relationship between Eagle Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eagle Mid 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 EAGLE Mutual Fund
Eagle Mid financial ratios help investors to determine whether EAGLE 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 EAGLE with respect to the benefits of owning Eagle Mid security.
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