Europac Gold Fund Market Value
| EPGFX Fund | USD 11.05 0.04 0.36% |
| Symbol | Europac |
Europac Gold '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 Gold'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 Gold.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Europac Gold on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Europac Gold Fund or generate 0.0% return on investment in Europac Gold over 90 days. Europac Gold is related to or competes with Europac International, Europac International, Ep Emerging, Europac International, and Metalla Royalty. Under normal market conditions, the fund invests at least 80 percent of its net assets in the securities of gold compani... More
Europac Gold 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 Gold'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 Gold Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.62 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 2.54 |
Europac Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Europac Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Europac Gold's standard deviation. In reality, there are many statistical measures that can use Europac Gold historical prices to predict the future Europac Gold's volatility.| Risk Adjusted Performance | 0.0159 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0486 |
Europac Gold Backtested Returns
At this stage we consider Europac Mutual Fund to be not too volatile. Europac Gold secures Sharpe Ratio (or Efficiency) of 0.0553, which denotes the fund had a 0.0553% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Europac Gold Fund, which you can use to evaluate the volatility of the entity. Please confirm Europac Gold's Downside Deviation of 2.01, mean deviation of 1.45, and Coefficient Of Variation of 7725.69 to check if the risk estimate we provide is consistent with the expected return of 0.1%. The fund shows a Beta (market volatility) of 0.3, which means not very significant fluctuations relative to the market. As returns on the market increase, Europac Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Europac Gold is expected to be smaller as well.
Auto-correlation | -0.48 |
Modest reverse predictability
Europac Gold Fund has modest reverse predictability. Overlapping area represents the amount of predictability between Europac Gold time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 Gold price movement. The serial correlation of -0.48 indicates that about 48.0% of current Europac Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Europac Gold lagged returns against current returns
Autocorrelation, which is Europac Gold 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 Gold's mutual fund expected returns. We can calculate the autocorrelation of Europac Gold returns to help us make a trade decision. For example, suppose you find that Europac Gold 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 Gold 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 Gold mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Europac Gold 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 Gold mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Europac Gold Lagged Returns
When evaluating Europac Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Europac Gold mutual fund have on its future price. Europac Gold 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 Gold autocorrelation shows the relationship between Europac Gold mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Europac Gold Fund.
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 Gold 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 Gold security.
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