Ellington Income Opportunities Fund Market Value

EIOMX Fund  USD 8.81  0.02  0.23%   
Ellington Income's market value is the price at which a share of Ellington Income trades on a public exchange. It measures the collective expectations of Ellington Income Opportunities investors about its performance. Ellington Income is trading at 8.82 as of the 13th of March 2025; that is 0.23 percent decrease since the beginning of the trading day. The fund's open price was 8.83.
With this module, you can estimate the performance of a buy and hold strategy of Ellington Income Opportunities and determine expected loss or profit from investing in Ellington Income over a given investment horizon. Check out Ellington Income Correlation, Ellington Income Volatility and Ellington Income Alpha and Beta module to complement your research on Ellington Income.
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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.
0.00
12/13/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/13/2025
0.00
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 Rbc Bluebay, Calamos High, Siit High, Artisan High, Pace High, and Guggenheim High. 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.

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.
Hype
Prediction
LowEstimatedHigh
8.698.818.93
Details
Intrinsic
Valuation
LowRealHigh
8.678.798.91
Details

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 Coefficient Of Variation of 369.33, standard deviation of 0.1223, and Mean Deviation of 0.0897 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 0.0286, 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 Coefficient0.83
Spearman Rank Test0.92
Residual Average0.0
Price Variance0.0

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  

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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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