Eagle Growth Income Fund Market Value

HIGUX Fund  USD 21.78  0.30  1.40%   
Eagle Growth's market value is the price at which a share of Eagle Growth trades on a public exchange. It measures the collective expectations of Eagle Growth Income investors about its performance. Eagle Growth is trading at 21.78 as of the 28th of March 2024; that is 1.40% increase since the beginning of the trading day. The fund's open price was 21.48.
With this module, you can estimate the performance of a buy and hold strategy of Eagle Growth Income and determine expected loss or profit from investing in Eagle Growth over a given investment horizon. Check out Eagle Growth Correlation, Eagle Growth Volatility and Eagle Growth Alpha and Beta module to complement your research on Eagle Growth.
Symbol

Please note, there is a significant difference between Eagle Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eagle Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eagle Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Eagle Growth '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 Growth'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 Growth.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Eagle Growth on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Eagle Growth Income or generate 0.0% return on investment in Eagle Growth over 30 days. Eagle Growth is related to or competes with Short Precious, Goldman Sachs, Precious Metals, Vanguard Precious, Short Precious, and James Balanced. The fund invests primarily in domestic equity securities that the portfolio managers believe are high-quality, financial... More

Eagle Growth 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 Growth'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 Growth Income upside and downside potential and time the market with a certain degree of confidence.

Eagle Growth Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Eagle Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eagle Growth's standard deviation. In reality, there are many statistical measures that can use Eagle Growth historical prices to predict the future Eagle Growth's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eagle Growth'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.
Hype
Prediction
LowEstimatedHigh
20.9421.4822.02
Details
Intrinsic
Valuation
LowRealHigh
19.4419.9823.63
Details
Naive
Forecast
LowNextHigh
20.9221.4722.01
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
21.4721.4921.51
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Eagle Growth. Your research has to be compared to or analyzed against Eagle Growth's peers to derive any actionable benefits. When done correctly, Eagle Growth's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Eagle Growth Income.

Eagle Growth Income Backtested Returns

We consider Eagle Growth very steady. Eagle Growth Income secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eagle Growth Income, which you can use to evaluate the volatility of the entity. Please confirm Eagle Growth's Coefficient Of Variation of 493.87, mean deviation of 0.4243, and Downside Deviation of 0.5522 to check if the risk estimate we provide is consistent with the expected return of 0.0804%. The fund shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eagle Growth are expected to decrease at a much lower rate. During the bear market, Eagle Growth is likely to outperform the market.

Auto-correlation

    
  0.64  

Good predictability

Eagle Growth Income has good predictability. Overlapping area represents the amount of predictability between Eagle Growth time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th 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 Eagle Growth Income price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Eagle Growth price fluctuation can be explain by its past prices.
Correlation Coefficient0.64
Spearman Rank Test0.74
Residual Average0.0
Price Variance0.03

Eagle Growth Income lagged returns against current returns

Autocorrelation, which is Eagle Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Eagle Growth returns to help us make a trade decision. For example, suppose you find that Eagle Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eagle Growth 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 Growth mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Eagle Growth Lagged Returns

When evaluating Eagle Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eagle Growth mutual fund have on its future price. Eagle Growth 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 Growth autocorrelation shows the relationship between Eagle Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eagle Growth Income.
   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 Eagle Growth 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, Eagle Growth's short interest history, or implied volatility extrapolated from Eagle Growth options trading.

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Check out Eagle Growth Correlation, Eagle Growth Volatility and Eagle Growth Alpha and Beta module to complement your research on Eagle Growth.
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When running Eagle Growth's price analysis, check to measure Eagle Growth'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 Eagle Growth is operating at the current time. Most of Eagle Growth's value examination focuses on studying past and present price action to predict the probability of Eagle Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eagle Growth's price. Additionally, you may evaluate how the addition of Eagle Growth to your portfolios can decrease your overall portfolio volatility.
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Eagle Growth 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.
A focus of Eagle Growth technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Eagle Growth trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...