Equinox Chesapeake Strategy Fund Market Value
| ECHCX Fund | USD 11.01 0.19 1.70% |
| Symbol | Equinox |
Equinox Chesapeake '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 Equinox Chesapeake'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 Equinox Chesapeake.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Equinox Chesapeake on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Equinox Chesapeake Strategy or generate 0.0% return on investment in Equinox Chesapeake over 180 days. Equinox Chesapeake is related to or competes with Arrow Managed, Aa Pimco, Campbell Systematic, Asg Managed, and Aqr Managed. The fund makes a combination of investments directly in an actively managed fixed-income portfolio comprised of cash, ca... More
Equinox Chesapeake 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 Equinox Chesapeake'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 Equinox Chesapeake Strategy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 4.28 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.37 |
Equinox Chesapeake Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equinox Chesapeake's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equinox Chesapeake's standard deviation. In reality, there are many statistical measures that can use Equinox Chesapeake historical prices to predict the future Equinox Chesapeake's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equinox Chesapeake'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.
Equinox Chesapeake Backtested Returns
Equinox Chesapeake secures Sharpe Ratio (or Efficiency) of -0.0648, which denotes the fund had a -0.0648% return per unit of risk over the last 3 months. Equinox Chesapeake Strategy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Equinox Chesapeake's Variance of 0.8196, standard deviation of 0.9053, and Mean Deviation of 0.7169 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, Equinox Chesapeake's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equinox Chesapeake is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Equinox Chesapeake Strategy has below average predictability. Overlapping area represents the amount of predictability between Equinox Chesapeake time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd of December 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 Equinox Chesapeake price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Equinox Chesapeake price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Equinox Chesapeake lagged returns against current returns
Autocorrelation, which is Equinox Chesapeake 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 Equinox Chesapeake's mutual fund expected returns. We can calculate the autocorrelation of Equinox Chesapeake returns to help us make a trade decision. For example, suppose you find that Equinox Chesapeake 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 |
Equinox Chesapeake 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 Equinox Chesapeake mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equinox Chesapeake mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equinox Chesapeake mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Equinox Chesapeake Lagged Returns
When evaluating Equinox Chesapeake's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equinox Chesapeake mutual fund have on its future price. Equinox Chesapeake 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, Equinox Chesapeake autocorrelation shows the relationship between Equinox Chesapeake mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Equinox Chesapeake Strategy.
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.Other Information on Investing in Equinox Mutual Fund
Equinox Chesapeake financial ratios help investors to determine whether Equinox Mutual 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 Equinox with respect to the benefits of owning Equinox Chesapeake security.
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