Evexx Fund Beta
EVEXX Fund | 1.00 3.26 76.53% |
Evexx fundamentals help investors to digest information that contributes to Evexx's financial success or failures. It also enables traders to predict the movement of Evexx Money Market Fund. The fundamental analysis module provides a way to measure Evexx's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Evexx money market fund.
Evexx |
Evexx Money Market Fund Beta Analysis
Evexx's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
In accordance with the recently published financial statements, Evexx has a Beta of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Beta (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
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Evexx Fundamentals
Annual Yield | 0.04 % | |||
Net Asset | 25.25 M |
About Evexx Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Evexx's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Evexx using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Evexx based on its fundamental data. In general, a quantitative approach, as applied to this money market fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Other Information on Investing in Evexx Money Market Fund
Evexx financial ratios help investors to determine whether Evexx Money Market 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 Evexx with respect to the benefits of owning Evexx security.
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