Eic Value Fund Market Value
| EICVX Fund | USD 17.75 0.04 0.23% |
| Symbol | Eic |
Eic Value '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 Eic Value'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 Eic Value.
| 02/19/2024 |
| 05/19/2024 |
If you would invest 0.00 in Eic Value on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Eic Value Fund or generate 0.0% return on investment in Eic Value over 90 days. Eic Value is related to or competes with Mfs International, ABIVAX Socit, HUMANA, SCOR PK, Barloworld, Thrivent High, and High Yield. The fund primarily invests in common stocks of U.S More
Eic Value 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 Eic Value'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 Eic Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6609 | |||
| Information Ratio | 0.0328 | |||
| Maximum Drawdown | 3.26 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 0.8818 |
Eic Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eic Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eic Value's standard deviation. In reality, there are many statistical measures that can use Eic Value historical prices to predict the future Eic Value's volatility.| Risk Adjusted Performance | 0.1173 | |||
| Jensen Alpha | 0.0416 | |||
| Total Risk Alpha | 0.0182 | |||
| Sortino Ratio | 0.0295 | |||
| Treynor Ratio | 0.1447 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eic Value'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.
Eic Value Fund Backtested Returns
We consider Eic Value very steady. Eic Value Fund secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the fund had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Eic Value Fund, which you can use to evaluate the volatility of the entity. Please confirm Eic Value's Downside Deviation of 0.6609, mean deviation of 0.4277, and Semi Deviation of 0.4396 to check if the risk estimate we provide is consistent with the expected return of 0.0988%. The fund shows a Beta (market volatility) of 0.75, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eic Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eic Value is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
Eic Value Fund has average predictability. Overlapping area represents the amount of predictability between Eic Value time series from 19th of February 2024 to 4th of April 2024 and 4th of April 2024 to 19th of May 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 Eic Value Fund price movement. The serial correlation of 0.47 indicates that about 47.0% of current Eic Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Eic Value Fund lagged returns against current returns
Autocorrelation, which is Eic Value 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 Eic Value's mutual fund expected returns. We can calculate the autocorrelation of Eic Value returns to help us make a trade decision. For example, suppose you find that Eic Value 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 |
Eic Value 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 Eic Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eic Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eic Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eic Value Lagged Returns
When evaluating Eic Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eic Value mutual fund have on its future price. Eic Value 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, Eic Value autocorrelation shows the relationship between Eic Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eic Value Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Eic Value Correlation, Eic Value Volatility and Eic Value Alpha and Beta module to complement your research on Eic Value. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Eic Value 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.