Parametric Modity Strategy Fund Net Asset
| EAPCX Fund | USD 6.47 0.02 0.31% |
Parametric Modity Strategy fundamentals help investors to digest information that contributes to Parametric Modity's financial success or failures. It also enables traders to predict the movement of Parametric Mutual Fund. The fundamental analysis module provides a way to measure Parametric Modity's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Parametric Modity mutual fund.
Parametric |
Parametric Modity Strategy Mutual Fund Net Asset Analysis
Parametric Modity's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Parametric Modity Net Asset | 1.41 B |
Most of Parametric Modity's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Parametric Modity Strategy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Based on the recorded statements, Parametric Modity Strategy has a Net Asset of 1.41 B. This is much higher than that of the Eaton Vance family and significantly higher than that of the Commodities Broad Basket category. The net asset for all United States funds is notably lower than that of the firm.
Parametric Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Parametric Modity's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Parametric Modity could also be used in its relative valuation, which is a method of valuing Parametric Modity by comparing valuation metrics of similar companies.Parametric Modity is currently under evaluation in net asset among similar funds.
Parametric Fundamentals
| Total Asset | 120.78 M | ||||
| Annual Yield | 0.0001 % | ||||
| Year To Date Return | 10.75 % | ||||
| One Year Return | 5.87 % | ||||
| Three Year Return | 12.72 % | ||||
| Five Year Return | 11.86 % | ||||
| Net Asset | 1.41 B | ||||
| Last Dividend Paid | 0.16 | ||||
| Cash Position Weight | (82.08) % |
About Parametric Modity Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Parametric Modity Strategy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parametric Modity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parametric Modity Strategy based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Parametric Modity 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, Parametric Modity's short interest history, or implied volatility extrapolated from Parametric Modity options trading.
Pair Trading with Parametric Modity
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 Parametric Modity 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 Parametric Modity will appreciate offsetting losses from the drop in the long position's value.Moving against Parametric Mutual Fund
| 0.67 | ERGOX | Eaton Vance Government | PairCorr |
The ability to find closely correlated positions to Parametric Modity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parametric Modity 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 Parametric Modity - 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 Parametric Modity Strategy to buy it.
The correlation of Parametric Modity 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 Parametric Modity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parametric Modity 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 Parametric Modity 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Parametric Modity Strategy. 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 main economic indicators. Note that the Parametric Modity information on this page should be used as a complementary analysis to other Parametric Modity'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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.