Eventide Healthcare Life Fund Manager Performance Evaluation
| ETNHX Fund | USD 34.23 0.43 1.27% |
The fund shows a Beta (market volatility) of 1.08, which means a somewhat significant risk relative to the market. Eventide Healthcare returns are very sensitive to returns on the market. As the market goes up or down, Eventide Healthcare is expected to follow.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Eventide Healthcare Life has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical indicators, Eventide Healthcare is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of November 2022 | |
| Expense Ratio | 1.5200 |
Eventide |
Eventide Healthcare Relative Risk vs. Return Landscape
If you would invest 3,637 in Eventide Healthcare Life on August 26, 2024 and sell it today you would lose (214.00) from holding Eventide Healthcare Life or give up 5.88% of portfolio value over 90 days. Eventide Healthcare Life is currently producing negative expected returns and takes up 1.3136% volatility of returns over 90 trading days. Put another way, 11% of traded mutual funds are less volatile than Eventide, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Eventide Healthcare Current Valuation
Fairly Valued
Today
Please note that Eventide Healthcare's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Eventide Healthcare Life shows a prevailing Real Value of $34.41 per share. The current price of the fund is $34.23. We determine the value of Eventide Healthcare Life from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Eventide Healthcare is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Eventide Mutual Fund. However, Eventide Healthcare's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 34.23 | Real 34.41 | Hype 34.23 | Naive 33.24 |
The intrinsic value of Eventide Healthcare's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Eventide Healthcare's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Eventide Healthcare Life helps investors to forecast how Eventide mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Eventide Healthcare more accurately as focusing exclusively on Eventide Healthcare's fundamentals will not take into account other important factors: Eventide Healthcare Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Healthcare's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Eventide Healthcare Life, and traders can use it to determine the average amount a Eventide Healthcare's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0645
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ETNHX |
Estimated Market Risk
| 1.31 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Eventide Healthcare is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Eventide Healthcare by adding Eventide Healthcare to a well-diversified portfolio.
Eventide Healthcare Fundamentals Growth
Eventide Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Eventide Healthcare, and Eventide Healthcare fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Eventide Mutual Fund performance.
| Price To Earning | 36.00 X | ||||
| Price To Book | 3.27 X | ||||
| Price To Sales | 8.61 X | ||||
| Total Asset | 133.93 M | ||||
About Eventide Healthcare Performance
Evaluating Eventide Healthcare's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Eventide Healthcare has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Eventide Healthcare has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund invests at least 80 percent of its net assets in equity and equity-related securities of companies in the healthcare and life sciences sectors, including common stock, options, preferred stock and convertible debt. It may invest without limitation in securities of companies domiciled outside the United States either directly or through American Depositary Receipts . The fund may invest in securities of companies of any market capitalization.Things to note about Eventide Healthcare Life performance evaluation
Checking the ongoing alerts about Eventide Healthcare for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Eventide Healthcare Life help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Eventide Healthcare generated a negative expected return over the last 90 days | |
| The fund generated three year return of -8.0% | |
| Eventide Healthcare Life retains about 16.47% of its assets under management (AUM) in cash |
- Analyzing Eventide Healthcare's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Eventide Healthcare's stock is overvalued or undervalued compared to its peers.
- Examining Eventide Healthcare's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Eventide Healthcare's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Eventide Healthcare's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Eventide Healthcare's mutual fund. These opinions can provide insight into Eventide Healthcare's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Eventide Mutual Fund
Eventide Healthcare 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 Healthcare security.
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