Eventide Multi Asset Income Fund Quote
| ETAMX Fund | USD 13.29 0.07 0.52% |
Performance2 of 100
| Odds Of DistressLess than 22
|
Eventide Multi is trading at 13.29 as of the 19th of April 2024; that is -0.52 percent decrease since the beginning of the trading day. The fund's open price was 13.36. Eventide Multi has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Eventide Multi Asset Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund has significant flexibility to achieve its investment objective by primarily investing in a broad universe of income-producing securities. These securities include debt and equity securities of companies in the U.S. and other markets around the world. More on Eventide Multi Asset Income
Moving together with Eventide Mutual Fund
| 0.99 | ETADX | Eventide Global Dividend | PairCorr |
Eventide Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Eventide Multi's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Eventide Multi or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Eventide Funds, Large Funds, Allocation--50% to 70% Equity Funds, Allocation--50% to 70% Equity, Eventide Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of November 2022 |
| Fiscal Year End | June |
Eventide Multi Asset Income [ETAMX] is traded in USA and was established 19th of April 2024. Eventide Multi is listed under Eventide Funds category by Fama And French industry classification. The fund is listed under Allocation--50% to 70% Equity category and is part of Eventide Funds family. This fund currently has accumulated 333.04 M in assets under management (AUM) with no minimum investment requirementsEventide Multi Asset is currently producing year-to-date (YTD) return of 3.03% with the current yeild of 0.01%, while the total return for the last 3 years was 2.4%.
Check Eventide Multi Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Eventide Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Eventide Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Eventide Multi Asset Income Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Eventide Multi Asset Income Mutual Fund Constituents
| PLD | Prologis | Stock | Real Estate |
| ARE | Alexandria Real Estate | Stock | Real Estate |
| JKHY | Jack Henry Associates | Stock | Financials |
| ITT | ITT Inc | Stock | Industrials |
| IR | Ingersoll Rand | Stock | Industrials |
| PNR | Pentair PLC | Stock | Industrials |
| MIC | Macquarie Infrastructure Co | Stock | Utilities—Regulated Gas |
Eventide Multi Target Price Odds Analysis
Based on a normal probability distribution, the odds of Eventide Multi jumping above the current price in 90 days from now is about 73.98%. The Eventide Multi Asset Income probability density function shows the probability of Eventide Multi mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Eventide Multi has a beta of 0.7452 suggesting as returns on the market go up, Eventide Multi average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eventide Multi Asset Income will be expected to be much smaller as well. Additionally, eventide Multi Asset Income has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Eventide Multi to move above the current price in 90 days from now is about 73.98 (This Eventide Multi Asset Income probability density function shows the probability of Eventide Mutual Fund to fall within a particular range of prices over 90 days) .
Eventide Multi Asset Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Eventide Multi market risk premium is the additional return an investor will receive from holding Eventide Multi long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Eventide Multi. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Eventide Multi's alpha and beta are two of the key measurements used to evaluate Eventide Multi's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4249 | |||
| Semi Deviation | 0.4479 | |||
| Standard Deviation | 0.5181 | |||
| Variance | 0.2684 |
Eventide Multi Against Markets
Picking the right benchmark for Eventide Multi mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Eventide Multi mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Eventide Multi is critical whether you are bullish or bearish towards Eventide Multi Asset Income at a given time. Please also check how Eventide Multi's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eventide Multi without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Eventide Mutual Fund?
Before investing in Eventide Multi, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Eventide Multi. To buy Eventide Multi fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Eventide Multi. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Eventide Multi fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Eventide Multi Asset Income fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Eventide Multi Asset Income fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Eventide Multi Asset Income, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Eventide Multi Asset Income?
The danger of trading Eventide Multi Asset Income is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Eventide Multi is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Eventide Multi. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eventide Multi Asset is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eventide Multi Asset Income. 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 population. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.