Eagle Growth Income Fund Market Value
| HRCVX Fund | USD 24.47 0.24 0.99% |
| Symbol | Eagle |
Eagle Growth '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 Growth'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 Growth.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Eagle Growth on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Eagle Growth Income or generate 0.0% return on investment in Eagle Growth over 90 days. Eagle Growth is related to or competes with Eagle Capital, Eagle Mid, Eagle Small, Prudential Jennison, and First Eagle. The fund invests primarily in domestic equity securities that the portfolio managers believe are high-quality, financial... More
Eagle Growth 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 Growth'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 Growth Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6621 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.32 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.05 |
Eagle Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eagle Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eagle Growth's standard deviation. In reality, there are many statistical measures that can use Eagle Growth historical prices to predict the future Eagle Growth's volatility.| Risk Adjusted Performance | 0.1236 | |||
| Jensen Alpha | 0.0019 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.123 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eagle Growth'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 Growth Income Backtested Returns
At this stage we consider Eagle Mutual Fund to be very steady. Eagle Growth Income secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Eagle Growth Income, which you can use to evaluate the volatility of the entity. Please confirm Eagle Growth's Mean Deviation of 0.5568, coefficient of variation of 616.61, and Downside Deviation of 0.6621 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.85, which means possible diversification benefits within a given portfolio. Eagle Growth returns are very sensitive to returns on the market. As the market goes up or down, Eagle Growth is expected to follow.
Auto-correlation | 0.31 |
Below average predictability
Eagle Growth Income has below average predictability. Overlapping area represents the amount of predictability between Eagle Growth time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Growth Income price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Eagle Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Eagle Growth Income lagged returns against current returns
Autocorrelation, which is Eagle Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Eagle Growth returns to help us make a trade decision. For example, suppose you find that Eagle Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eagle Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eagle Growth Lagged Returns
When evaluating Eagle Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eagle Growth mutual fund have on its future price. Eagle Growth 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 Growth autocorrelation shows the relationship between Eagle Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eagle Growth 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 Eagle Mutual Fund
Eagle Growth 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 Growth security.
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