Eventide Gilead Fund Market Value
Eventide Gilead's market value is the price at which a share of Eventide Gilead trades on a public exchange. It measures the collective expectations of Eventide Gilead Fund investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Eventide Gilead Fund and determine expected loss or profit from investing in Eventide Gilead over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. 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 bureau of economic analysis.
Symbol | Eventide |
Eventide Gilead '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 Eventide Gilead'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 Eventide Gilead.
04/09/2022 |
| 03/29/2024 |
If you would invest 0.00 in Eventide Gilead on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Eventide Gilead Fund or generate 0.0% return on investment in Eventide Gilead over 720 days. Eventide Gilead is related to or competes with Dreyfusstandish Global, Franklin Mutual, Artisan Global, Ab Global, Ab Global, Scharf Global, and Qs Global. Normally, the fund invests primarily in a broad range of equity securities without limitation to market capitalization More
Eventide Gilead 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 Eventide Gilead'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 Eventide Gilead Fund upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.26 | |||
Information Ratio | (0.05) | |||
Maximum Drawdown | 5.3 | |||
Value At Risk | (2.15) | |||
Potential Upside | 1.95 |
Eventide Gilead Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Gilead's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eventide Gilead's standard deviation. In reality, there are many statistical measures that can use Eventide Gilead historical prices to predict the future Eventide Gilead's volatility.Risk Adjusted Performance | 0.0438 | |||
Jensen Alpha | 0.0641 | |||
Total Risk Alpha | (0.19) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | 1.36 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eventide Gilead'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.
Eventide Gilead Fund Backtested Returns
We consider Eventide Gilead very steady. Eventide Gilead Fund secures Sharpe Ratio (or Efficiency) of 0.0695, which denotes the fund had a 0.0695% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eventide Gilead Fund, which you can use to evaluate the volatility of the entity. Please confirm Eventide Gilead's Coefficient Of Variation of 1439.69, mean deviation of 0.8988, and Downside Deviation of 1.26 to check if the risk estimate we provide is consistent with the expected return of 0.0806%. The fund shows a Beta (market volatility) of 0.052, which means not very significant fluctuations relative to the market. As returns on the market increase, Eventide Gilead's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eventide Gilead is expected to be smaller as well.
Auto-correlation | 0.10 |
Insignificant predictability
Eventide Gilead Fund has insignificant predictability. Overlapping area represents the amount of predictability between Eventide Gilead time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Eventide Gilead Fund price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Eventide Gilead price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.1 | |
Spearman Rank Test | -0.13 | |
Residual Average | 0.0 | |
Price Variance | 8.93 |
Eventide Gilead Fund lagged returns against current returns
Autocorrelation, which is Eventide Gilead 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 Eventide Gilead's mutual fund expected returns. We can calculate the autocorrelation of Eventide Gilead returns to help us make a trade decision. For example, suppose you find that Eventide Gilead 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 |
Eventide Gilead 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 Eventide Gilead mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eventide Gilead mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eventide Gilead mutual fund over time.
Current vs Lagged Prices |
Timeline |
Eventide Gilead Lagged Returns
When evaluating Eventide Gilead's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eventide Gilead mutual fund have on its future price. Eventide Gilead 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, Eventide Gilead autocorrelation shows the relationship between Eventide Gilead mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eventide Gilead Fund.
Regressed Prices |
Timeline |
Pair Trading with Eventide Gilead
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 Eventide Gilead 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 Eventide Gilead will appreciate offsetting losses from the drop in the long position's value.Moving together with Eventide Mutual Fund
0.62 | PAMCX | T Rowe Price | PairCorr |
0.62 | RRMGX | T Rowe Price | PairCorr |
0.62 | TRQZX | T Rowe Price | PairCorr |
0.62 | RPMGX | T Rowe Price | PairCorr |
0.73 | PRJIX | T Rowe Price | PairCorr |
The ability to find closely correlated positions to Eventide Gilead could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eventide Gilead 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 Eventide Gilead - 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 Eventide Gilead Fund to buy it.
The correlation of Eventide Gilead 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 Eventide Gilead moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eventide Gilead 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 Eventide Gilead 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 Eventide Gilead Correlation, Eventide Gilead Volatility and Eventide Gilead Alpha and Beta module to complement your research on Eventide Gilead. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Eventide Mutual Fund analysis
When running Eventide Gilead's price analysis, check to measure Eventide Gilead's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eventide Gilead is operating at the current time. Most of Eventide Gilead's value examination focuses on studying past and present price action to predict the probability of Eventide Gilead's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eventide Gilead's price. Additionally, you may evaluate how the addition of Eventide Gilead to your portfolios can decrease your overall portfolio volatility.
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