Evexx Fund Market Value
| EVEXX Fund | 1.00 3.26 76.53% |
| Symbol | Evexx |
Please note, there is a significant difference between Evexx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evexx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evexx'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.
Evexx '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 Evexx's money market 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 Evexx.
| 01/20/2023 |
| 01/09/2025 |
If you would invest 0.00 in Evexx on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Evexx or generate 0.0% return on investment in Evexx over 720 days. Evexx is related to or competes with Rbb Fund, Harding Loevner, Investec Global, Artisan Global, Asg Global, and Federated Global. Evexx is entity of United States. It is traded as Fund on NMFQS exchange. More
Evexx 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 Evexx's money market 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 Evexx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.48 | |||
| Information Ratio | 0.0609 | |||
| Maximum Drawdown | 424.53 | |||
| Value At Risk | (0.70) |
Evexx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evexx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evexx's standard deviation. In reality, there are many statistical measures that can use Evexx historical prices to predict the future Evexx's volatility.| Risk Adjusted Performance | 0.0591 | |||
| Jensen Alpha | 2.75 | |||
| Total Risk Alpha | 2.78 | |||
| Sortino Ratio | 0.1575 | |||
| Treynor Ratio | (0.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evexx's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Evexx Backtested Returns
Evexx is out of control given 3 months investment horizon. Evexx secures Sharpe Ratio (or Efficiency) of 0.0635, which denotes the fund had a 0.0635% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-six different technical indicators, which can help you to evaluate if expected returns of 2.96% are justified by taking the suggested risk. Use Evexx Downside Deviation of 17.48, coefficient of variation of 1635.28, and Mean Deviation of 10.46 to evaluate company specific risk that cannot be diversified away. The fund shows a Beta (market volatility) of -3.14, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Evexx are expected to decrease by larger amounts. On the other hand, during market turmoil, Evexx is expected to outperform it.
Auto-correlation | -0.45 |
Modest reverse predictability
Evexx has modest reverse predictability. Overlapping area represents the amount of predictability between Evexx time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th of January 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 Evexx price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Evexx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Evexx lagged returns against current returns
Autocorrelation, which is Evexx money market 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 Evexx's money market fund expected returns. We can calculate the autocorrelation of Evexx returns to help us make a trade decision. For example, suppose you find that Evexx has exhibited high autocorrelation historically, and you observe that the money market 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 |
Evexx 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 Evexx money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evexx money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evexx money market fund over time.
Current vs Lagged Prices |
| Timeline |
Evexx Lagged Returns
When evaluating Evexx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evexx money market fund have on its future price. Evexx 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, Evexx autocorrelation shows the relationship between Evexx money market fund current value and its past values and can show if there is a momentum factor associated with investing in Evexx.
Regressed Prices |
| Timeline |
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Other Information on Investing in Evexx Money Market Fund
Evexx financial ratios help investors to determine whether Evexx Money Market 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 Evexx with respect to the benefits of owning Evexx security.
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