Europac International Dividend Fund Market Value
| EPDPX Fund | USD 9.57 0.09 0.93% |
| Symbol | Europac |
Europac International '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 Europac International'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 Europac International.
| 05/06/2024 |
| 06/05/2024 |
If you would invest 0.00 in Europac International on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Europac International Dividend or generate 0.0% return on investment in Europac International over 30 days. Europac International is related to or competes with Dodge Cox, Oakmark International, Dodge Cox, Oakmark International, Oakmark International, Oakmark International, and Fidelity Series. Under normal market conditions, the fund will invest at least 80 percent of its net assets in equity securities of divid... More
Europac International 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 Europac International'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 Europac International Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9452 | |||
| Information Ratio | 0.2021 | |||
| Maximum Drawdown | 4.22 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.0 |
Europac International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Europac International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Europac International's standard deviation. In reality, there are many statistical measures that can use Europac International historical prices to predict the future Europac International's volatility.| Risk Adjusted Performance | 0.1443 | |||
| Jensen Alpha | 0.1552 | |||
| Total Risk Alpha | 0.1456 | |||
| Sortino Ratio | 0.1557 | |||
| Treynor Ratio | 1.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Europac International'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.
Europac International Backtested Returns
We consider Europac International very steady. Europac International secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Europac International Dividend, which you can use to evaluate the volatility of the entity. Please confirm Europac International's Downside Deviation of 0.9452, mean deviation of 0.5347, and Coefficient Of Variation of 437.08 to check if the risk estimate we provide is consistent with the expected return of 0.1%. The fund shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Europac International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Europac International is expected to be smaller as well.
Auto-correlation | -0.42 |
Modest reverse predictability
Europac International Dividend has modest reverse predictability. Overlapping area represents the amount of predictability between Europac International time series from 6th of May 2024 to 21st of May 2024 and 21st of May 2024 to 5th of June 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 Europac International price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Europac International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Europac International lagged returns against current returns
Autocorrelation, which is Europac International 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 Europac International's mutual fund expected returns. We can calculate the autocorrelation of Europac International returns to help us make a trade decision. For example, suppose you find that Europac International 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 |
Europac International 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 Europac International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Europac International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Europac International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Europac International Lagged Returns
When evaluating Europac International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Europac International mutual fund have on its future price. Europac International 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, Europac International autocorrelation shows the relationship between Europac International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Europac International Dividend.
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 Europac Mutual Fund
Europac International financial ratios help investors to determine whether Europac 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 Europac with respect to the benefits of owning Europac International security.
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