David Marcus - Evermore Global Fund Manager
| EVGBX Fund | USD 10.51 0.10 0.94% |
David E. Marcus is cofounder, chief executive officer and chief investment officer of Evermore Global Advisors, LLC and portfolio manager of the Evermore Funds Mr. Marcus has more than 25 years of experience in the investment management business After rising through the ranks at Mutual Series Funds, Mr. Marcus served as a portfolio manager under the tutelage of famed value investor, Michael Price At Franklin Mutual Advisors, Mr. Marcus was portfolio manager of the Franklin Mutual European Fund and coportfolio manager of the Franklin Mutual Shares and Franklin Mutual Discovery funds in the late 1990s. Mr. Marcus also served during that time as Director of European Investments for Franklin Mutual Advisers, LLC After leaving Franklin Mutual, Mr. Marcus founded Marcstone Capital Management, L.P., a longshort Europeanfocused equity manager, largely funded by Swedish financier, Jan Stenbeck After Mr. Stenbecks death, Mr. Marcus closed Marcstone, in order to create a family off
| Phone | 866-383-7667 |
Evermore Global Management Performance (%)
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Evermore Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is Evermore Global a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 16.28 X | |||
| Price To Book | 1.06 X | |||
| Price To Sales | 0.39 X | |||
| Total Asset | 14.37 M | |||
| Annual Yield | 0.02 % | |||
| Year To Date Return | 3.20 % | |||
| One Year Return | (0.55) % | |||
| Three Year Return | (7.49) % | |||
| Five Year Return | (2.98) % | |||
| Ten Year Return | 3.82 % |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Evermore Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Evermore Global's short interest history, or implied volatility extrapolated from Evermore Global options trading.
Pair Trading with Evermore Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Evermore Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Evermore Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Evermore Mutual Fund
| 1.0 | EVGIX | Evermore Global Value | PairCorr |
Moving against Evermore Mutual Fund
| 0.75 | GHAIX | Global Hard Assets | PairCorr |
| 0.73 | BCAAX | Brandywineglobal C | PairCorr |
| 0.69 | CRF | Cornerstone Strategic | PairCorr |
| 0.67 | FSELX | Fidelity Select Semi | PairCorr |
| 0.67 | VSSVX | Small Cap Special | PairCorr |
The ability to find closely correlated positions to Evermore Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evermore Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Evermore Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Evermore Global Value to buy it.
The correlation of Evermore Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evermore Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evermore Global Value moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Evermore Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evermore Global Value. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Evermore Global Value information on this page should be used as a complementary analysis to other Evermore Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.