Eventide Core Bond Fund Quote
| ETARX Fund | USD 7.98 0.03 0.37% |
Performance0 of 100
| Odds Of DistressLess than 19
|
Eventide Core is trading at 7.98 as of the 25th of April 2024; that is -0.37 percent decrease since the beginning of the trading day. The fund's open price was 8.01. Eventide Core has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Eventide Core Bond are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
The fund seeks to achieve its objective through investments in income-producing securities issued by entities deemed by the Adviser to be serving well the needs of customers, employees, suppliers, communities, the environment, and society broadly. The fund may invest in bonds of any maturity and, under normal market conditions, the bonds held by the fund have a weighted average duration between three years and nine years.. More on Eventide Core Bond
Moving together with Eventide Mutual Fund
| 0.87 | ETCRX | Eventide Core Bond | 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 Core's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Eventide Core or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Eventide Funds, Intermediate Core Bond Funds, Intermediate Core Bond, Eventide Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
Eventide Core Bond [ETARX] is traded in USA and was established 25th of April 2024. Eventide Core is listed under Eventide Funds category by Fama And French industry classification. The fund is listed under Intermediate Core Bond category and is part of Eventide Funds family. Eventide Core Bond currently has accumulated 72.56 M in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was 7.23%.
Check Eventide Core Probability Of Bankruptcy
Instrument Allocation
Top Eventide Core Bond Mutual Fund Constituents
| FGUXX | First American Funds | Money Market Fund | US Money Market Fund |
Eventide Core Target Price Odds Analysis
Based on a normal probability distribution, the odds of Eventide Core jumping above the current price in 90 days from now is about 99.0%. The Eventide Core Bond probability density function shows the probability of Eventide Core mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Eventide Core has a beta of 0.0486 suggesting as returns on the market go up, Eventide Core average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eventide Core Bond will be expected to be much smaller as well. Additionally, eventide Core Bond 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 Core to move above the current price in 90 days from now is about 99.0 (This Eventide Core Bond probability density function shows the probability of Eventide Mutual Fund to fall within a particular range of prices over 90 days) .
Eventide Core Bond Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Eventide Core market risk premium is the additional return an investor will receive from holding Eventide Core 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 Core. 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 Core's alpha and beta are two of the key measurements used to evaluate Eventide Core's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.2947 | |||
| Standard Deviation | 0.3738 | |||
| Variance | 0.1397 | |||
| Risk Adjusted Performance | (0.05) |
Eventide Core Against Markets
Picking the right benchmark for Eventide Core 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 Core 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 Core is critical whether you are bullish or bearish towards Eventide Core Bond at a given time. Please also check how Eventide Core'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 Core 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 Core, 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 Core. To buy Eventide Core fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Eventide Core. 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 Core fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Eventide Core Bond 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 Core Bond 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 Core Bond, 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 Core Bond?
The danger of trading Eventide Core Bond 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 Core 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 Core. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eventide Core Bond 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 Core Bond. 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 metropolitan statistical area. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.