The Eafe Fund Market Value
| BGESX Fund | USD 12.59 0.32 2.61% |
| Symbol | Eafe |
Eafe Fund '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 Eafe Fund'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 Eafe Fund.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Eafe Fund on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding The Eafe Fund or generate 0.0% return on investment in Eafe Fund over 30 days. Eafe Fund is related to or competes with Long Term, Baillie Gifford, Baillie Gifford, Global Alpha, Baillie Gifford, Baillie Gifford, and Global Alpha. The fund invests in a diversified, international portfolio of common stocks and other equity securities of issuers locat... More
Eafe Fund 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 Eafe Fund'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 The Eafe Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.71 |
Eafe Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eafe Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eafe Fund's standard deviation. In reality, there are many statistical measures that can use Eafe Fund historical prices to predict the future Eafe Fund's volatility.| Risk Adjusted Performance | 0.0389 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0422 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eafe Fund'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.
Eafe Fund Backtested Returns
We consider Eafe Fund very steady. Eafe Fund secures Sharpe Ratio (or Efficiency) of 0.0544, which denotes the fund had a 0.0544% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The Eafe Fund, which you can use to evaluate the volatility of the entity. Please confirm Eafe Fund's Semi Deviation of 1.02, risk adjusted performance of 0.0389, and Downside Deviation of 1.23 to check if the risk estimate we provide is consistent with the expected return of 0.0609%. The fund shows a Beta (market volatility) of 1.18, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eafe Fund will likely underperform.
Auto-correlation | 0.45 |
Average predictability
The Eafe Fund has average predictability. Overlapping area represents the amount of predictability between Eafe Fund time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Eafe Fund price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Eafe Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Eafe Fund lagged returns against current returns
Autocorrelation, which is Eafe Fund 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 Eafe Fund's mutual fund expected returns. We can calculate the autocorrelation of Eafe Fund returns to help us make a trade decision. For example, suppose you find that Eafe Fund 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 |
Eafe Fund 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 Eafe Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eafe Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eafe Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eafe Fund Lagged Returns
When evaluating Eafe Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eafe Fund mutual fund have on its future price. Eafe Fund 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, Eafe Fund autocorrelation shows the relationship between Eafe Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Eafe Fund.
Regressed Prices |
| Timeline |
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 Eafe Fund 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, Eafe Fund's short interest history, or implied volatility extrapolated from Eafe Fund options trading.
Pair Trading with Eafe Fund
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 Eafe Fund 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 Eafe Fund will appreciate offsetting losses from the drop in the long position's value.Moving together with Eafe Mutual Fund
| 0.97 | BSGLX | Long Term | PairCorr |
| 0.69 | BCANX | Baillie Gifford China | PairCorr |
| 0.69 | BCAKX | Baillie Gifford China | PairCorr |
| 0.93 | BGAEX | Baillie Gifford Global | PairCorr |
| 0.93 | BGCWX | Baillie Gifford Eafe | PairCorr |
The ability to find closely correlated positions to Eafe Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eafe Fund 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 Eafe Fund - 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 The Eafe Fund to buy it.
The correlation of Eafe Fund 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 Eafe Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eafe Fund 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 Eafe Fund 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 Eafe Fund Correlation, Eafe Fund Volatility and Eafe Fund Alpha and Beta module to complement your research on Eafe Fund. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Eafe Fund technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.