Eubel Brady Suttman Fund Market Value
| EBSFX Fund | USD 9.46 0.01 0.11% |
| 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.
| 05/30/2023 |
| 04/24/2024 |
If you would invest 0.00 in Eubel Brady on May 30, 2023 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 330 days. Eubel Brady is related to or competes with Omni Small-cap, Arrow Managed, Materials Portfolio, Guidemark Large, and Commonwealth Global. 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 | 0.2095 | |||
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 0.9484 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.2123 |
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) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.42) | |||
| Treynor Ratio | 0.2124 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Eubel Brady Suttman Backtested Returns
We consider Eubel Brady very steady. Eubel Brady Suttman secures Sharpe Ratio (or Efficiency) of 0.0415, which denotes the fund had a 0.0415% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Eubel Brady Suttman, which you can use to evaluate the volatility of the entity. Please confirm Eubel Brady's Semi Deviation of 0.1221, mean deviation of 0.1191, and Downside Deviation of 0.2095 to check if the risk estimate we provide is consistent with the expected return of 0.0069%. The fund shows a Beta (market volatility) of -0.0148, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eubel Brady are expected to decrease at a much lower rate. During the bear market, Eubel Brady is likely to outperform the market.
Auto-correlation | 0.70 |
Good predictability
Eubel Brady Suttman has good predictability. Overlapping area represents the amount of predictability between Eubel Brady time series from 30th of May 2023 to 11th of November 2023 and 11th of November 2023 to 24th of April 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 Eubel Brady Suttman price movement. The serial correlation of 0.7 indicates that around 70.0% of current Eubel Brady price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 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 |
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
| 0.67 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.66 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.67 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.67 | VITSX | Vanguard Total Stock | PairCorr |
| 0.67 | VSTSX | 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 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 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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.