Ellington Income Opportunities Fund Market Value
| EIOMX Fund | USD 8.81 0.02 0.23% |
| Symbol | Ellington |
Please note, there is a significant difference between Ellington Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Income'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.
Ellington Income '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 Ellington Income'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 Ellington Income.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Ellington Income on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Ellington Income Opportunities or generate 0.0% return on investment in Ellington Income over 90 days. Ellington Income is related to or competes with Iaadx, and Rational Dividend. Ellington Income is entity of United States More
Ellington Income 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 Ellington Income'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 Ellington Income Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2122 | |||
| Information Ratio | 1.37 | |||
| Maximum Drawdown | 0.4635 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.2302 |
Ellington Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ellington Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ellington Income's standard deviation. In reality, there are many statistical measures that can use Ellington Income historical prices to predict the future Ellington Income's volatility.| Risk Adjusted Performance | 0.228 | |||
| Jensen Alpha | 0.0311 | |||
| Total Risk Alpha | 0.0475 | |||
| Sortino Ratio | 0.7389 | |||
| Treynor Ratio | 3.67 |
Ellington Income Opp Backtested Returns
At this stage we consider Ellington Mutual Fund to be very steady. Ellington Income Opp secures Sharpe Ratio (or Efficiency) of 0.27, which denotes the fund had a 0.27 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Ellington Income Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Ellington Income's Standard Deviation of 0.1147, coefficient of variation of 286.34, and Mean Deviation of 0.0867 to check if the risk estimate we provide is consistent with the expected return of 0.0331%. The fund shows a Beta (market volatility) of 0.0082, which means not very significant fluctuations relative to the market. As returns on the market increase, Ellington Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ellington Income is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
Ellington Income Opportunities has very good predictability. Overlapping area represents the amount of predictability between Ellington Income time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ellington Income Opp price movement. The serial correlation of 0.83 indicates that around 83.0% of current Ellington Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ellington Income Opp lagged returns against current returns
Autocorrelation, which is Ellington Income 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 Ellington Income's mutual fund expected returns. We can calculate the autocorrelation of Ellington Income returns to help us make a trade decision. For example, suppose you find that Ellington Income 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 |
Ellington Income 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 Ellington Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ellington Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ellington Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ellington Income Lagged Returns
When evaluating Ellington Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ellington Income mutual fund have on its future price. Ellington Income 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, Ellington Income autocorrelation shows the relationship between Ellington Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ellington Income Opportunities.
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 Ellington Mutual Fund
Ellington Income financial ratios help investors to determine whether Ellington 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 Ellington with respect to the benefits of owning Ellington Income security.
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