Altegris Futures Evolution Fund Quote

EVOAX Fund  USD 7.89  0.02  0.25%   

Performance

32 of 100

 
Low
 
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Very Strong

Odds Of Distress

Less than 23

 
100  
 
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Altegris Futures is trading at 7.89 as of the 29th of March 2024; that is -0.25 percent decrease since the beginning of the trading day. The fund's open price was 7.91. Altegris Futures has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat very strong performance during the last 90 days. Equity ratings for Altegris Futures Evolution are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
The fund seeks to achieve its investment objective by allocating its assets between a Managed Futures strategy and a Fixed Income strategy. The Adviser expects that less than 100, typically 15-25, of the funds total net assets will be invested in andor used as collateral for, gaining exposure to Managed Futures strategies. More on Altegris Futures Evolution

Moving together with Altegris Mutual Fund

  0.62USG USCF Gold Strategy Symbol ChangePairCorr
  0.99EVOIX Altegris Futures EvoPairCorr
  1.0EVOCX Altegris Futures EvoPairCorr

Altegris Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Altegris Futures' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Altegris Futures or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationAltegris Funds, Large Funds, Systematic Trend Funds, Systematic Trend, Altegris (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date1st of November 2022
Fiscal Year EndJune
Altegris Futures Evolution [EVOAX] is traded in USA and was established 29th of March 2024. Altegris Futures is listed under Altegris category by Fama And French industry classification. The fund is listed under Systematic Trend category and is part of Altegris family. This fund currently has accumulated 80.98 M in assets under management (AUM) with no minimum investment requirementsAltegris Futures Evo is currently producing year-to-date (YTD) return of 10.63% with the current yeild of 0.0%, while the total return for the last 3 years was 11.84%.
Check Altegris Futures Probability Of Bankruptcy

Instrument Allocation

Top Altegris Futures Evolution Mutual Fund Constituents

DBLSXDoubleline Low DurationMutual FundShort-Term Bond
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Altegris Futures Target Price Odds Analysis

Based on a normal probability distribution, the odds of Altegris Futures jumping above the current price in 90 days from now is nearly 4.01%. The Altegris Futures Evolution probability density function shows the probability of Altegris Futures mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Altegris Futures has a beta of 0.3712 suggesting as returns on the market go up, Altegris Futures average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Altegris Futures Evolution will be expected to be much smaller as well. Additionally, altegris Futures Evolution has an alpha of 0.124, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 7.89HorizonTargetOdds Above 7.89
95.93%90 days
 7.89 
4.01%
Based on a normal probability distribution, the odds of Altegris Futures to move above the current price in 90 days from now is nearly 4.01 (This Altegris Futures Evolution probability density function shows the probability of Altegris Mutual Fund to fall within a particular range of prices over 90 days) .

Altegris Futures Evo Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Altegris Futures market risk premium is the additional return an investor will receive from holding Altegris Futures long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Altegris Futures. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Altegris Futures' alpha and beta are two of the key measurements used to evaluate Altegris Futures' performance over the market, the standard measures of volatility play an important role as well.

Altegris Futures Against Markets

Picking the right benchmark for Altegris Futures mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Altegris Futures mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Altegris Futures is critical whether you are bullish or bearish towards Altegris Futures Evolution at a given time. Please also check how Altegris Futures' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Altegris Futures without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Altegris Mutual Fund?

Before investing in Altegris Futures, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Altegris Futures. To buy Altegris Futures fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Altegris Futures. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Altegris Futures fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Altegris Futures Evolution fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Altegris Futures Evolution fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Altegris Futures Evolution, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Altegris Futures Evolution?

The danger of trading Altegris Futures Evolution is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Altegris Futures is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Altegris Futures. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Altegris Futures Evo is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Altegris Futures Evolution. 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 nation.
Note that the Altegris Futures Evo information on this page should be used as a complementary analysis to other Altegris Futures' 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Altegris Futures' price analysis, check to measure Altegris Futures' 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 Altegris Futures is operating at the current time. Most of Altegris Futures' value examination focuses on studying past and present price action to predict the probability of Altegris Futures' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altegris Futures' price. Additionally, you may evaluate how the addition of Altegris Futures to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Altegris Futures' value and its price as these two are different measures arrived at by different means. Investors typically determine if Altegris Futures is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altegris Futures' 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.