Elfun Trusts Elfun Fund Market Value

ELFNX Fund  USD 84.09  1.84  2.24%   
Elfun Trusts' market value is the price at which a share of Elfun Trusts trades on a public exchange. It measures the collective expectations of Elfun Trusts Elfun investors about its performance. Elfun Trusts is trading at 84.09 as of the 15th of March 2025; that is 2.24 percent up since the beginning of the trading day. The fund's open price was 82.25.
With this module, you can estimate the performance of a buy and hold strategy of Elfun Trusts Elfun and determine expected loss or profit from investing in Elfun Trusts over a given investment horizon. Check out Elfun Trusts Correlation, Elfun Trusts Volatility and Elfun Trusts Alpha and Beta module to complement your research on Elfun Trusts.
Symbol

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

Elfun Trusts '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 Elfun Trusts' 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 Elfun Trusts.
0.00
12/15/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/15/2025
0.00
If you would invest  0.00  in Elfun Trusts on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Elfun Trusts Elfun or generate 0.0% return on investment in Elfun Trusts over 90 days. Elfun Trusts is related to or competes with T Rowe, T Rowe, and Voya Government. The fund seeks to achieve its investment objectives by investing in equity securities of U.S More

Elfun Trusts 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 Elfun Trusts' 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 Elfun Trusts Elfun upside and downside potential and time the market with a certain degree of confidence.

Elfun Trusts Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Elfun Trusts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elfun Trusts' standard deviation. In reality, there are many statistical measures that can use Elfun Trusts historical prices to predict the future Elfun Trusts' volatility.
Hype
Prediction
LowEstimatedHigh
82.5084.0985.68
Details
Intrinsic
Valuation
LowRealHigh
75.6885.7887.37
Details

Elfun Trusts Elfun Backtested Returns

Elfun Trusts Elfun secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the fund had a -0.16 % return per unit of risk over the last 3 months. Elfun Trusts Elfun exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elfun Trusts' Mean Deviation of 0.9666, standard deviation of 1.55, and Variance of 2.4 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.098, which means not very significant fluctuations relative to the market. As returns on the market increase, Elfun Trusts' returns are expected to increase less than the market. However, during the bear market, the loss of holding Elfun Trusts is expected to be smaller as well.

Auto-correlation

    
  0.23  

Weak predictability

Elfun Trusts Elfun has weak predictability. Overlapping area represents the amount of predictability between Elfun Trusts time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Elfun Trusts Elfun price movement. The serial correlation of 0.23 indicates that over 23.0% of current Elfun Trusts price fluctuation can be explain by its past prices.
Correlation Coefficient0.23
Spearman Rank Test-0.19
Residual Average0.0
Price Variance5.81

Elfun Trusts Elfun lagged returns against current returns

Autocorrelation, which is Elfun Trusts 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 Elfun Trusts' mutual fund expected returns. We can calculate the autocorrelation of Elfun Trusts returns to help us make a trade decision. For example, suppose you find that Elfun Trusts 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  

Elfun Trusts 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 Elfun Trusts mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elfun Trusts mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elfun Trusts mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Elfun Trusts Lagged Returns

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

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Other Information on Investing in Elfun Mutual Fund

Elfun Trusts financial ratios help investors to determine whether Elfun 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 Elfun with respect to the benefits of owning Elfun Trusts security.
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