Eventide Gilead Fund Market Value
| ETCGX Fund | USD 46.34 0.06 0.13% |
| Symbol | Eventide |
Eventide Gilead '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 Eventide Gilead'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 Eventide Gilead.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Eventide Gilead on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Eventide Gilead Fund or generate 0.0% return on investment in Eventide Gilead over 30 days. Eventide Gilead is related to or competes with Kinetics Small, Tax-managed, Touchstone Small, Fisher Small, Ab Small, The Hartford, and Qs Us. Normally, the fund invests primarily in a broad range of equity securities of any market capitalization More
Eventide Gilead 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 Eventide Gilead'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 Eventide Gilead Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.77 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.73 |
Eventide Gilead Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Gilead's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eventide Gilead's standard deviation. In reality, there are many statistical measures that can use Eventide Gilead historical prices to predict the future Eventide Gilead's volatility.| Risk Adjusted Performance | 0.0852 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0961 |
Eventide Gilead Backtested Returns
At this stage we consider Eventide Mutual Fund to be very steady. Eventide Gilead 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. We have found twenty-seven technical indicators for Eventide Gilead Fund, which you can use to evaluate the volatility of the entity. Please confirm Eventide Gilead's Mean Deviation of 0.7713, coefficient of variation of 927.21, and Downside Deviation of 1.05 to check if the risk estimate we provide is consistent with the expected return of 0.16%. The fund shows a Beta (market volatility) of 1.05, which means a somewhat significant risk relative to the market. Eventide Gilead returns are very sensitive to returns on the market. As the market goes up or down, Eventide Gilead is expected to follow.
Auto-correlation | 0.94 |
Excellent predictability
Eventide Gilead Fund has excellent predictability. Overlapping area represents the amount of predictability between Eventide Gilead time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Eventide Gilead price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Eventide Gilead price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.53 |
Eventide Gilead lagged returns against current returns
Autocorrelation, which is Eventide Gilead 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 Eventide Gilead's mutual fund expected returns. We can calculate the autocorrelation of Eventide Gilead returns to help us make a trade decision. For example, suppose you find that Eventide Gilead 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 |
Eventide Gilead 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 Eventide Gilead mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eventide Gilead mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eventide Gilead mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eventide Gilead Lagged Returns
When evaluating Eventide Gilead's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eventide Gilead mutual fund have on its future price. Eventide Gilead 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, Eventide Gilead autocorrelation shows the relationship between Eventide Gilead mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eventide Gilead 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 Eventide Mutual Fund
Eventide Gilead financial ratios help investors to determine whether Eventide 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 Eventide with respect to the benefits of owning Eventide Gilead security.
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