Europacific Growth Fund Market Value
| CEUCX Fund | USD 56.47 0.76 1.36% |
| Symbol | Europacific |
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.
| 03/07/2024 |
| 06/05/2024 |
If you would invest 0.00 in Europacific Growth on March 7, 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 90 days. Europacific Growth is related to or competes with Materials Portfolio, Balanced Fund, Qs Large, Scharf Global, Archer Balanced, and Arrow Managed. 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.
| Downside Deviation | 0.6718 | |||
| Information Ratio | 0.0018 | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 1.19 |
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.| Risk Adjusted Performance | 0.0272 | |||
| Jensen Alpha | 0.0041 | |||
| Total Risk Alpha | 1.0E-4 | |||
| Sortino Ratio | 0.0018 | |||
| Treynor Ratio | 0.0221 |
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.
Europacific Growth Backtested Returns
We consider Europacific Growth very steady. Europacific Growth secures Sharpe Ratio (or Efficiency) of 0.0424, which denotes the fund had a 0.0424% 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 Coefficient Of Variation of 2359.77, downside deviation of 0.6718, and Mean Deviation of 0.5081 to check if the risk estimate we provide is consistent with the expected return of 0.0283%. The fund shows a Beta (market volatility) of 0.83, which means possible diversification benefits within a given portfolio. 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 | -0.09 |
Very weak reverse predictability
Europacific Growth Fund has very weak reverse predictability. Overlapping area represents the amount of predictability between Europacific Growth time series from 7th of March 2024 to 21st of April 2024 and 21st of April 2024 to 5th of June 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 price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Europacific Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
Europacific Growth 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 |
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Other Information on Investing in Europacific Mutual Fund
Europacific Growth financial ratios help investors to determine whether Europacific Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Europacific with respect to the benefits of owning Europacific Growth security.
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