Emerald Insights Fund Market Value
| EFCNX Fund | USD 17.24 0.18 1.06% |
| Symbol | Emerald |
Emerald Insights '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 Emerald Insights' 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 Emerald Insights.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Emerald Insights on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Emerald Insights Fund or generate 0.0% return on investment in Emerald Insights over 720 days. Emerald Insights is related to or competes with Emerald Banking, Emerald Growth, Emerald Growth, Emerald Growth, Emerald Growth, and Emerald Banking. Under normal conditions, the fund typically invests in equity securities of U.S More
Emerald Insights 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 Emerald Insights' 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 Emerald Insights Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.09 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.68 |
Emerald Insights Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emerald Insights' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emerald Insights' standard deviation. In reality, there are many statistical measures that can use Emerald Insights historical prices to predict the future Emerald Insights' volatility.| Risk Adjusted Performance | 0.0372 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0368 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Emerald Insights' 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.
Emerald Insights Backtested Returns
We consider Emerald Insights very steady. Emerald Insights secures Sharpe Ratio (or Efficiency) of 0.0245, which denotes the fund had a 0.0245% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Emerald Insights Fund, which you can use to evaluate the volatility of the entity. Please confirm Emerald Insights' Coefficient Of Variation of 1861.72, downside deviation of 1.08, and Mean Deviation of 0.8365 to check if the risk estimate we provide is consistent with the expected return of 0.0259%. The fund shows a Beta (market volatility) of 1.26, 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, Emerald Insights will likely underperform.
Auto-correlation | 0.13 |
Insignificant predictability
Emerald Insights Fund has insignificant predictability. Overlapping area represents the amount of predictability between Emerald Insights time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 Emerald Insights price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Emerald Insights price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
Emerald Insights lagged returns against current returns
Autocorrelation, which is Emerald Insights 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 Emerald Insights' mutual fund expected returns. We can calculate the autocorrelation of Emerald Insights returns to help us make a trade decision. For example, suppose you find that Emerald Insights 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 |
Emerald Insights 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 Emerald Insights mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emerald Insights mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emerald Insights mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Emerald Insights Lagged Returns
When evaluating Emerald Insights' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emerald Insights mutual fund have on its future price. Emerald Insights 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, Emerald Insights autocorrelation shows the relationship between Emerald Insights mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Emerald Insights Fund.
Regressed Prices |
| Timeline |
Pair Trading with Emerald Insights
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 Emerald Insights 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 Emerald Insights will appreciate offsetting losses from the drop in the long position's value.Moving together with Emerald Mutual Fund
| 0.86 | FFGRX | Emerald Growth | PairCorr |
| 0.87 | FGROX | Emerald Growth | PairCorr |
| 1.0 | EFCCX | Emerald Insights | PairCorr |
| 1.0 | EFCAX | Emerald Insights | PairCorr |
The ability to find closely correlated positions to Emerald Insights could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Emerald Insights 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 Emerald Insights - 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 Emerald Insights Fund to buy it.
The correlation of Emerald Insights 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 Emerald Insights moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emerald Insights 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 Emerald Insights 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 Emerald Insights Correlation, Emerald Insights Volatility and Emerald Insights Alpha and Beta module to complement your research on Emerald Insights. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Emerald Insights 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.