Eubel Brady Suttman Fund Market Value
| EBSFX Fund | USD 9.36 0.04 0.43% |
| Symbol | Eubel |
Please note, there is a significant difference between Eubel Brady's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eubel Brady is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eubel Brady'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.
Eubel Brady '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 Eubel Brady'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 Eubel Brady.
| 11/06/2022 |
| 12/01/2023 |
If you would invest 0.00 in Eubel Brady on November 6, 2022 and sell it all today you would earn a total of 0.00 from holding Eubel Brady Suttman or generate 0.0% return on investment in Eubel Brady over 390 days. Eubel Brady is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Eubel Brady is entity of United States. It is traded as Fund on NMFQS exchange. More
Eubel Brady 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 Eubel Brady'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 Eubel Brady Suttman upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2017 | |||
| Information Ratio | 0.1024 | |||
| Maximum Drawdown | 0.9765 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.4324 |
Eubel Brady Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eubel Brady's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eubel Brady's standard deviation. In reality, there are many statistical measures that can use Eubel Brady historical prices to predict the future Eubel Brady's volatility.| Risk Adjusted Performance | 0.0925 | |||
| Jensen Alpha | 0.0194 | |||
| Total Risk Alpha | 0.0193 | |||
| Sortino Ratio | 0.0922 | |||
| Treynor Ratio | 0.2816 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Eubel Brady'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. Please use the tools below to analyze the current value of Eubel Brady in the context of predictive analytics.
Eubel Brady Suttman Backtested Returns
We consider Eubel Brady very steady. Eubel Brady Suttman secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the fund had 0.12% of return per unit of standard deviation over the last 3 months. Our philosophy in predicting the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-five technical indicators for Eubel Brady Suttman, which you can use to evaluate the future volatility of the entity. Please confirm Eubel Brady Suttman Coefficient Of Variation of 616.87, mean deviation of 0.1327, and Downside Deviation of 0.2017 to check if the risk estimate we provide is consistent with the expected return of 0.0228%. The fund shows a Beta (market volatility) of 0.0691, which means not very significant fluctuations relative to the market. As returns on the market increase, Eubel Brady returns are expected to increase less than the market. However, during the bear market, the loss on holding Eubel Brady will be expected to be smaller as well. Although it is important to respect Eubel Brady Suttman historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. Our main philosophy in predicting future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Eubel Brady Suttman technical indicators, you can presently evaluate if the expected return of 0.0228% will be sustainable into the future.
Auto-correlation | 0.64 |
Good predictability
Eubel Brady Suttman has good predictability. Overlapping area represents the amount of predictability between Eubel Brady time series from 6th of November 2022 to 20th of May 2023 and 20th of May 2023 to 1st of December 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eubel Brady Suttman price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Eubel Brady price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eubel Brady Suttman lagged returns against current returns
Autocorrelation, which is Eubel Brady 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 Eubel Brady's mutual fund expected returns. We can calculate the autocorrelation of Eubel Brady returns to help us make a trade decision. For example, suppose you find that Eubel Brady mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Eubel Brady 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 Eubel Brady mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eubel Brady mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eubel Brady mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eubel Brady Lagged Returns
When evaluating Eubel Brady's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eubel Brady mutual fund have on its future price. Eubel Brady 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, Eubel Brady autocorrelation shows the relationship between Eubel Brady mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eubel Brady Suttman.
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 Eubel Brady 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, Eubel Brady's short interest history, or implied volatility extrapolated from Eubel Brady options trading.
Pair Trading with Eubel Brady
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 Eubel Brady 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 Eubel Brady will appreciate offsetting losses from the drop in the long position's value.Moving together with Eubel Mutual Fund
| + | 0.64 | VTSAX | Vanguard Total Stock | PairCorr | ||
| + | 0.68 | VFIAX | Vanguard 500 Index | PairCorr | ||
| + | 0.64 | VTSMX | Vanguard Total Stock | PairCorr | ||
| + | 0.64 | VSTSX | Vanguard Total Stock | PairCorr | ||
| + | 0.64 | VSMPX | Vanguard Total Stock | PairCorr |
The ability to find closely correlated positions to Eubel Brady could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eubel Brady 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 Eubel Brady - 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 Eubel Brady Suttman to buy it.
The correlation of Eubel Brady is a statistical measure of how it moves in relation to other equities. 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 Eubel Brady moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eubel Brady Suttman 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 Eubel Brady 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 Eubel Brady Correlation, Eubel Brady Volatility and Eubel Brady Alpha and Beta module to complement your research on Eubel Brady. Note that the Eubel Brady Suttman information on this page should be used as a complementary analysis to other Eubel Brady'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 Eubel Mutual Fund analysis
When running Eubel Brady's price analysis, check to measure Eubel Brady'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 Eubel Brady is operating at the current time. Most of Eubel Brady's value examination focuses on studying past and present price action to predict the probability of Eubel Brady's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eubel Brady's price. Additionally, you may evaluate how the addition of Eubel Brady to your portfolios can decrease your overall portfolio volatility.
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Eubel Brady 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.