Altegris Futures Evolution Fund Manager Performance Evaluation
| EVOCX Fund | USD 6.84 0.01 0.15% |
The fund shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Altegris Futures' returns are expected to increase less than the market. However, during the bear market, the loss of holding Altegris Futures is expected to be smaller as well.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Altegris Futures Evolution has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong fundamental indicators, Altegris Futures 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 | 2.6600 |
Altegris |
Altegris Futures Relative Risk vs. Return Landscape
If you would invest 714.00 in Altegris Futures Evolution on September 3, 2024 and sell it today you would lose (30.00) from holding Altegris Futures Evolution or give up 4.2% of portfolio value over 90 days. Altegris Futures Evolution is currently producing negative expected returns and takes up 0.6192% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than Altegris, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Altegris Futures Current Valuation
Fairly Valued
Today
Please note that Altegris Futures' price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Altegris Futures Evo shows a prevailing Real Value of $6.89 per share. The current price of the fund is $6.84. We determine the value of Altegris Futures Evo from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Since Altegris Futures is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Altegris Mutual Fund. However, Altegris Futures' 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 6.84 | Real 6.89 | Hype 6.84 | Naive 6.9 |
The intrinsic value of Altegris Futures' 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 Altegris Futures' 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 Altegris Futures Evolution helps investors to forecast how Altegris 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 Altegris Futures more accurately as focusing exclusively on Altegris Futures' fundamentals will not take into account other important factors: Altegris Futures Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altegris Futures' investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Altegris Futures Evolution, and traders can use it to determine the average amount a Altegris Futures' 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 = -0.1052
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| Negative Returns | EVOCX |
Estimated Market Risk
| 0.62 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Altegris Futures 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 Altegris Futures by adding Altegris Futures to a well-diversified portfolio.
Altegris Futures Fundamentals Growth
Altegris Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Altegris Futures, and Altegris Futures 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 Altegris Mutual Fund performance.
| Total Asset | 5.37 M | |||
About Altegris Futures Performance
Evaluating Altegris Futures' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Altegris Futures 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 Altegris Futures 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.
The fund seeks to achieve its investment objective by allocating its assets between a Managed Futures strategy and a Fixed Income strategy. The Adviser expects that less than 100, typically 15-25, of the funds total net assets will be invested in andor used as collateral for, gaining exposure to Managed Futures strategies. The adviser expects that less than 100, typically 60-80, of the funds total net assets will be allocated to Fixed Income strategies.Things to note about Altegris Futures Evo performance evaluation
Checking the ongoing alerts about Altegris Futures for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Altegris Futures Evo help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Altegris Futures Evo generated a negative expected return over the last 90 days | |
| The fund retains about 10.37% of its assets under management (AUM) in cash |
- Analyzing Altegris Futures' 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 Altegris Futures' stock is overvalued or undervalued compared to its peers.
- Examining Altegris Futures' 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 Altegris Futures' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altegris Futures' management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Altegris Futures' mutual fund. These opinions can provide insight into Altegris Futures' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Altegris Mutual Fund
Altegris Futures financial ratios help investors to determine whether Altegris 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 Altegris with respect to the benefits of owning Altegris Futures security.
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