Europac International Bond Fund Market Value

EPBIX Fund  USD 8.48  0.16  1.85%   
Europac International's market value is the price at which a share of Europac International trades on a public exchange. It measures the collective expectations of Europac International Bond investors about its performance. Europac International is trading at 8.48 as of the 12th of December 2024; that is 1.85 percent decrease since the beginning of the trading day. The fund's open price was 8.64.
With this module, you can estimate the performance of a buy and hold strategy of Europac International Bond and determine expected loss or profit from investing in Europac International over a given investment horizon. Check out Europac International Correlation, Europac International Volatility and Europac International Alpha and Beta module to complement your research on Europac International.
Symbol

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

Europac International '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 Europac International'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 Europac International.
0.00
11/12/2024
No Change 0.00  0.0 
In 31 days
12/12/2024
0.00
If you would invest  0.00  in Europac International on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Europac International Bond or generate 0.0% return on investment in Europac International over 30 days. Europac International is related to or competes with Transamerica Emerging, Calvert Developed, Extended Market, Rbc Emerging, and Barings Emerging. Under normal market conditions, the fund will invest at least 80 percent of its net assets in bonds issued by companies ... More

Europac International 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 Europac International'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 Europac International Bond upside and downside potential and time the market with a certain degree of confidence.

Europac International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Europac International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Europac International's standard deviation. In reality, there are many statistical measures that can use Europac International historical prices to predict the future Europac International's volatility.
Hype
Prediction
LowEstimatedHigh
8.138.488.83
Details
Intrinsic
Valuation
LowRealHigh
8.208.558.90
Details
Naive
Forecast
LowNextHigh
8.138.488.83
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.518.678.83
Details

Europac International Backtested Returns

Europac International secures Sharpe Ratio (or Efficiency) of -0.23, which denotes the fund had a -0.23% return per unit of risk over the last 3 months. Europac International Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Europac International's Mean Deviation of 0.2507, variance of 0.1318, and Standard Deviation of 0.363 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0588, which means not very significant fluctuations relative to the market. As returns on the market increase, Europac International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Europac International is expected to be smaller as well.

Auto-correlation

    
  0.23  

Weak predictability

Europac International Bond has weak predictability. Overlapping area represents the amount of predictability between Europac International time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Europac International price movement. The serial correlation of 0.23 indicates that over 23.0% of current Europac International price fluctuation can be explain by its past prices.
Correlation Coefficient0.23
Spearman Rank Test-0.53
Residual Average0.0
Price Variance0.0

Europac International lagged returns against current returns

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

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

Europac International Lagged Returns

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

Europac International financial ratios help investors to determine whether Europac 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 Europac with respect to the benefits of owning Europac International security.
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