Eagle Mlp Strategy Fund Market Value
EGLAX Fund | USD 8.67 0.04 0.46% |
Symbol | Eagle |
Eagle Mlp '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 Eagle Mlp'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 Eagle Mlp.
03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Eagle Mlp on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Eagle Mlp Strategy or generate 0.0% return on investment in Eagle Mlp over 30 days. Eagle Mlp is related to or competes with Goldman Sachs, Goldman Sachs, and Goldman Sachs. The fund seeks to achieve its objective by investing, under normal conditions, at least 80 percent of its assets in mast... More
Eagle Mlp 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 Eagle Mlp'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 Eagle Mlp Strategy upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.6892 | |||
Information Ratio | 0.1865 | |||
Maximum Drawdown | 3.94 | |||
Value At Risk | (1.05) | |||
Potential Upside | 1.2 |
Eagle Mlp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eagle Mlp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eagle Mlp's standard deviation. In reality, there are many statistical measures that can use Eagle Mlp historical prices to predict the future Eagle Mlp's volatility.Risk Adjusted Performance | 0.2002 | |||
Jensen Alpha | 0.1642 | |||
Total Risk Alpha | 0.1211 | |||
Sortino Ratio | 0.1949 | |||
Treynor Ratio | 0.3378 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eagle Mlp'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.
Eagle Mlp Strategy Backtested Returns
Eagle Mlp appears to be very steady, given 3 months investment horizon. Eagle Mlp Strategy secures Sharpe Ratio (or Efficiency) of 0.27, which denotes the fund had a 0.27% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eagle Mlp Strategy, which you can use to evaluate the volatility of the entity. Please utilize Eagle Mlp's Mean Deviation of 0.5592, coefficient of variation of 313.61, and Downside Deviation of 0.6892 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.65, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eagle Mlp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eagle Mlp is expected to be smaller as well.
Auto-correlation | -0.28 |
Weak reverse predictability
Eagle Mlp Strategy has weak reverse predictability. Overlapping area represents the amount of predictability between Eagle Mlp time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Eagle Mlp Strategy price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Eagle Mlp price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.28 | |
Spearman Rank Test | 0.26 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Eagle Mlp Strategy lagged returns against current returns
Autocorrelation, which is Eagle Mlp 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 Eagle Mlp's mutual fund expected returns. We can calculate the autocorrelation of Eagle Mlp returns to help us make a trade decision. For example, suppose you find that Eagle Mlp 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 |
Eagle Mlp 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 Eagle Mlp mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eagle Mlp mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eagle Mlp mutual fund over time.
Current vs Lagged Prices |
Timeline |
Eagle Mlp Lagged Returns
When evaluating Eagle Mlp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eagle Mlp mutual fund have on its future price. Eagle Mlp 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, Eagle Mlp autocorrelation shows the relationship between Eagle Mlp mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eagle Mlp Strategy.
Regressed Prices |
Timeline |
Pair Trading with Eagle Mlp
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 Eagle Mlp 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 Eagle Mlp will appreciate offsetting losses from the drop in the long position's value.Moving together with Eagle Mutual Fund
1.0 | EGLNX | Eagle Mlp Strategy | PairCorr |
1.0 | TORCX | Tortoise Mlp Pipeline | PairCorr |
0.99 | MLPTX | Oppenheimer Steelpath Mlp | PairCorr |
0.99 | OSPSX | Oppenheimer Steelpath Mlp | PairCorr |
Moving against Eagle Mutual Fund
0.45 | GAAGX | Gmo Alternative Allo | PairCorr |
0.44 | GAAKX | Gmo Alternative Allo | PairCorr |
The ability to find closely correlated positions to Eagle Mlp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Mlp 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 Eagle Mlp - 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 Eagle Mlp Strategy to buy it.
The correlation of Eagle Mlp 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 Eagle Mlp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Mlp Strategy 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 Eagle Mlp 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 Eagle Mlp Correlation, Eagle Mlp Volatility and Eagle Mlp Alpha and Beta module to complement your research on Eagle Mlp. Note that the Eagle Mlp Strategy information on this page should be used as a complementary analysis to other Eagle Mlp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Eagle Mlp 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.