Evaluator Aggressive Rms Fund Market Value
EVAGX Fund | USD 12.70 0.13 1.03% |
Symbol | Evaluator |
Evaluator Aggressive '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 Evaluator Aggressive'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 Evaluator Aggressive.
03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Evaluator Aggressive on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Evaluator Aggressive Rms or generate 0.0% return on investment in Evaluator Aggressive over 30 days. Evaluator Aggressive is related to or competes with Evaluator Tactically, Evaluator Moderate, Evaluator Conservative, Evaluator Growth, Evaluator Growth, Evaluator Moderate, and Evaluator Tactically. The fund invests in the securities of other unaffiliated investment companies, including open-end funds, exchange-traded... More
Evaluator Aggressive 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 Evaluator Aggressive'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 Evaluator Aggressive Rms upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.7524 | |||
Information Ratio | (0.03) | |||
Maximum Drawdown | 3.01 | |||
Value At Risk | (1.31) | |||
Potential Upside | 1.06 |
Evaluator Aggressive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evaluator Aggressive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evaluator Aggressive's standard deviation. In reality, there are many statistical measures that can use Evaluator Aggressive historical prices to predict the future Evaluator Aggressive's volatility.Risk Adjusted Performance | 0.0677 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | (0.03) | |||
Treynor Ratio | 0.0624 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evaluator Aggressive'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.
Evaluator Aggressive Rms Backtested Returns
We consider Evaluator Aggressive very steady. Evaluator Aggressive Rms secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the fund had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Evaluator Aggressive Rms, which you can use to evaluate the volatility of the entity. Please confirm Evaluator Aggressive's Semi Deviation of 0.6016, downside deviation of 0.7524, and Mean Deviation of 0.4877 to check if the risk estimate we provide is consistent with the expected return of 0.0711%. The fund shows a Beta (market volatility) of 0.96, which means possible diversification benefits within a given portfolio. Evaluator Aggressive returns are very sensitive to returns on the market. As the market goes up or down, Evaluator Aggressive is expected to follow.
Auto-correlation | 0.19 |
Very weak predictability
Evaluator Aggressive Rms has very weak predictability. Overlapping area represents the amount of predictability between Evaluator Aggressive time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 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 Evaluator Aggressive Rms price movement. The serial correlation of 0.19 indicates that over 19.0% of current Evaluator Aggressive price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.19 | |
Spearman Rank Test | -0.05 | |
Residual Average | 0.0 | |
Price Variance | 0.04 |
Evaluator Aggressive Rms lagged returns against current returns
Autocorrelation, which is Evaluator Aggressive 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 Evaluator Aggressive's mutual fund expected returns. We can calculate the autocorrelation of Evaluator Aggressive returns to help us make a trade decision. For example, suppose you find that Evaluator Aggressive 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 |
Evaluator Aggressive 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 Evaluator Aggressive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evaluator Aggressive mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evaluator Aggressive mutual fund over time.
Current vs Lagged Prices |
Timeline |
Evaluator Aggressive Lagged Returns
When evaluating Evaluator Aggressive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evaluator Aggressive mutual fund have on its future price. Evaluator Aggressive 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, Evaluator Aggressive autocorrelation shows the relationship between Evaluator Aggressive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Evaluator Aggressive Rms.
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 Evaluator Aggressive 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, Evaluator Aggressive's short interest history, or implied volatility extrapolated from Evaluator Aggressive options trading.
Pair Trading with Evaluator Aggressive
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 Evaluator Aggressive 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 Evaluator Aggressive will appreciate offsetting losses from the drop in the long position's value.Moving together with Evaluator Mutual Fund
0.99 | EVFTX | Evaluator Tactically | PairCorr |
1.0 | EVFMX | Evaluator Moderate Rms | PairCorr |
1.0 | EVFGX | Evaluator Aggressive Rms | PairCorr |
0.96 | EVFCX | Evaluator Conservative | PairCorr |
The ability to find closely correlated positions to Evaluator Aggressive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evaluator Aggressive 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 Evaluator Aggressive - 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 Evaluator Aggressive Rms to buy it.
The correlation of Evaluator Aggressive 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 Evaluator Aggressive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evaluator Aggressive Rms 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 Evaluator Aggressive 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 Evaluator Aggressive Correlation, Evaluator Aggressive Volatility and Evaluator Aggressive Alpha and Beta module to complement your research on Evaluator Aggressive. Note that the Evaluator Aggressive Rms information on this page should be used as a complementary analysis to other Evaluator Aggressive'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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Evaluator Aggressive 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.