E-Valuator Mutual Fund Market Value

EVGRX -  USA Fund  

USD 9.98  0.17  1.73%

E-Valuator Growth's market value is the price at which a share of E-Valuator Growth stock trades on a public exchange. It measures the collective expectations of The E-Valuator Growth investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of The E-Valuator Growth and determine expected loss or profit from investing in E-Valuator Growth over a given investment horizon. Continue to E-Valuator Growth Hype Analysis, E-Valuator Growth Correlation, Portfolio Optimization, E-Valuator Growth Volatility, as well as analyze E-Valuator Growth Alpha and Beta and E-Valuator Growth Performance.
Symbol
Backtest

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

E-Valuator 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 E-Valuator 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 E-Valuator Growth.
0.00
04/16/2022
No Change 0.00  0.0 
In 30 days
05/16/2022
0.00
If you would invest  0.00  in E-Valuator Growth on April 16, 2022 and sell it all today you would earn a total of 0.00 from holding The E-Valuator Growth or generate 0.0% return on investment in E-Valuator Growth over 30 days. E-Valuator Growth is related to or competes with Income Fund, Income Fund, Income Fund, Income Fund, Income Fund, and Income Fund. The investment seeks to provide growth of principal but will at times seek to provide both growth of principal and incom...

E-Valuator 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 E-Valuator 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 The E-Valuator Growth upside and downside potential and time the market with a certain degree of confidence.

E-Valuator Growth Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for E-Valuator Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as E-Valuator Growth's standard deviation. In reality, there are many statistical measures that can use E-Valuator Growth historical prices to predict the future E-Valuator Growth's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of E-Valuator 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. Please use the tools below to analyze the current value of E-Valuator Growth in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
8.889.9811.08
Details
Intrinsic
Valuation
LowReal ValueHigh
9.0010.1011.20
Details
Naive
Forecast
LowNext ValueHigh
8.809.9111.01
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.6910.3010.90
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as E-Valuator Growth. Your research has to be compared to or analyzed against E-Valuator Growth's peers to derive any actionable benefits. When done correctly, E-Valuator Growth's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in E-Valuator Growth.

E-Valuator Growth Backtested Returns

E-Valuator Growth secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the fund had -0.13% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. The E-Valuator Growth exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm E-Valuator Growth risk adjusted performance of (0.19) to check the risk estimate we provide.
The fund shows a Beta (market volatility) of 0.7041, which means possible diversification benefits within a given portfolio. Let's try to break down what E-Valuator's beta means in this case. As returns on the market increase, E-Valuator Growth returns are expected to increase less than the market. However, during the bear market, the loss on holding E-Valuator Growth will be expected to be smaller as well. Even though it is essential to pay attention to E-Valuator Growth historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. The E-Valuator Growth exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.84  

Very good predictability

The E-Valuator Growth has very good predictability. Overlapping area represents the amount of predictability between E-Valuator Growth time series from 16th of April 2022 to 1st of May 2022 and 1st of May 2022 to 16th of May 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of E-Valuator Growth price movement. The serial correlation of 0.84 indicates that around 84.0% of current E-Valuator Growth price fluctuation can be explain by its past prices.
Correlation Coefficient0.84
Spearman Rank Test0.82
Residual Average0.0
Price Variance0.04

E-Valuator Growth lagged returns against current returns

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

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

E-Valuator Growth Lagged Returns

When evaluating E-Valuator Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of E-Valuator Growth mutual fund have on its future price. E-Valuator 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, E-Valuator Growth autocorrelation shows the relationship between E-Valuator Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The E-Valuator Growth.
 Regressed Prices 
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      Timeline 

E-Valuator Growth Investors Sentiment

The influence of E-Valuator Growth's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in E-Valuator. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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 E-Valuator 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, E-Valuator Growth's short interest history, or implied volatility extrapolated from E-Valuator Growth options trading.

Current Sentiment - EVGRX

E-Valuator Growth Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in The E-Valuator Growth. What is your opinion about investing in The E-Valuator Growth? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
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Pair Trading with E-Valuator 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 E-Valuator 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 E-Valuator Growth will appreciate offsetting losses from the drop in the long position's value.

E-Valuator Growth Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to E-Valuator 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 E-Valuator 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 E-Valuator 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 The E-Valuator Growth to buy it.
The correlation of E-Valuator Growth 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 E-Valuator Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E-Valuator Growth 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 E-Valuator 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
Continue to E-Valuator Growth Hype Analysis, E-Valuator Growth Correlation, Portfolio Optimization, E-Valuator Growth Volatility, as well as analyze E-Valuator Growth Alpha and Beta and E-Valuator Growth Performance. Note that the E-Valuator Growth information on this page should be used as a complementary analysis to other E-Valuator 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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E-Valuator 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, stock market cycles, or different charting patterns.
A focus of E-Valuator Growth technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of E-Valuator 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...