Europacific Growth Fund Market Value

CEUAX Fund  USD 57.93  0.18  0.31%   
Europacific Growth's market value is the price at which a share of Europacific Growth trades on a public exchange. It measures the collective expectations of Europacific Growth Fund investors about its performance. Europacific Growth is trading at 57.93 as of the 28th of March 2024; that is 0.31 percent increase since the beginning of the trading day. The fund's open price was 57.75.
With this module, you can estimate the performance of a buy and hold strategy of Europacific Growth Fund and determine expected loss or profit from investing in Europacific Growth over a given investment horizon. Check out Europacific Growth Correlation, Europacific Growth Volatility and Europacific Growth Alpha and Beta module to complement your research on Europacific Growth.
Symbol

Please note, there is a significant difference between Europacific Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Europacific Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Europacific 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.

Europacific 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 Europacific 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 Europacific 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 Europacific Growth on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Europacific Growth Fund or generate 0.0% return on investment in Europacific Growth over 30 days. Europacific Growth is related to or competes with Income Fund, American Funds, American Mutual, American Mutual, American Funds, American Funds, and American Funds. The fund invests primarily in common stocks of issuers in Europe and the Pacific Basin that the investment adviser belie... More

Europacific 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 Europacific 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 Europacific Growth Fund upside and downside potential and time the market with a certain degree of confidence.

Europacific Growth Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Europacific Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Europacific Growth's standard deviation. In reality, there are many statistical measures that can use Europacific Growth historical prices to predict the future Europacific 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 Europacific 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
57.2557.9358.61
Details
Intrinsic
Valuation
LowRealHigh
52.1462.2862.96
Details
Naive
Forecast
LowNextHigh
56.9357.6158.29
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
57.6657.8257.98
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Europacific Growth. Your research has to be compared to or analyzed against Europacific Growth's peers to derive any actionable benefits. When done correctly, Europacific 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 Europacific Growth Fund.

Europacific Growth Fund Backtested Returns

We consider Europacific Growth very steady. Europacific Growth Fund secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Europacific Growth Fund, which you can use to evaluate the volatility of the entity. Please confirm Europacific Growth's Mean Deviation of 0.5373, downside deviation of 0.5763, and Coefficient Of Variation of 473.6 to check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.0365, which means not very significant fluctuations relative to the market. As returns on the market increase, Europacific Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Europacific Growth is expected to be smaller as well.

Auto-correlation

    
  0.47  

Average predictability

Europacific Growth Fund has average predictability. Overlapping area represents the amount of predictability between Europacific 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 Europacific Growth Fund price movement. The serial correlation of 0.47 indicates that about 47.0% of current Europacific Growth price fluctuation can be explain by its past prices.
Correlation Coefficient0.47
Spearman Rank Test0.5
Residual Average0.0
Price Variance0.06

Europacific Growth Fund lagged returns against current returns

Autocorrelation, which is Europacific 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 Europacific Growth's mutual fund expected returns. We can calculate the autocorrelation of Europacific Growth returns to help us make a trade decision. For example, suppose you find that Europacific 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  

Europacific 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 Europacific Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Europacific 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 Europacific Growth mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Europacific Growth Lagged Returns

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

Pair Trading with Europacific Growth

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 Europacific Growth 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 Europacific Growth will appreciate offsetting losses from the drop in the long position's value.

Moving together with Europacific Mutual Fund

  0.91AMECX Income FundPairCorr
  0.88REJTX American Funds 2015PairCorr
  0.96AMFCX American Mutual FundPairCorr
  0.97AMFFX American Mutual FundPairCorr
  0.93RNCCX American Funds IncomePairCorr
The ability to find closely correlated positions to Europacific Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Europacific Growth 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 Europacific Growth - 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 Europacific Growth Fund to buy it.
The correlation of Europacific Growth 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 Europacific Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Europacific Growth 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 Europacific Growth 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.
Pair CorrelationCorrelation Matching
Check out Europacific Growth Correlation, Europacific Growth Volatility and Europacific Growth Alpha and Beta module to complement your research on Europacific Growth.
Note that the Europacific Growth Fund information on this page should be used as a complementary analysis to other Europacific Growth'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for Europacific Mutual Fund analysis

When running Europacific Growth's price analysis, check to measure Europacific 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 Europacific Growth is operating at the current time. Most of Europacific Growth's value examination focuses on studying past and present price action to predict the probability of Europacific 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 Europacific Growth's price. Additionally, you may evaluate how the addition of Europacific Growth to your portfolios can decrease your overall portfolio volatility.
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Europacific 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 Europacific Growth technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Europacific 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...