Ecofin Sustainable And Fund Market Value
| TEAF Fund | USD 12.66 0.08 0.64% |
| Symbol | Ecofin |
Ecofin Sustainable '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 Ecofin Sustainable's 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 Ecofin Sustainable.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ecofin Sustainable on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ecofin Sustainable And or generate 0.0% return on investment in Ecofin Sustainable over 30 days. Ecofin Sustainable is related to or competes with Invesco Advantage, Invesco Quality, Invesco California, DWS Municipal, Invesco Trust, John Hancock, and MFS High. Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capit... More
Ecofin Sustainable 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 Ecofin Sustainable's 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 Ecofin Sustainable And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6701 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.52 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.12 |
Ecofin Sustainable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecofin Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecofin Sustainable's standard deviation. In reality, there are many statistical measures that can use Ecofin Sustainable historical prices to predict the future Ecofin Sustainable's volatility.| Risk Adjusted Performance | 0.113 | |||
| Jensen Alpha | 0.0636 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.5732 |
Ecofin Sustainable And Backtested Returns
At this point, Ecofin Sustainable is very steady. Ecofin Sustainable And secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ecofin Sustainable And, which you can use to evaluate the volatility of the entity. Please confirm Ecofin Sustainable's Mean Deviation of 0.4323, coefficient of variation of 661.46, and Downside Deviation of 0.6701 to check if the risk estimate we provide is consistent with the expected return of 0.0894%. The fund shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Ecofin Sustainable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ecofin Sustainable is expected to be smaller as well.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Ecofin Sustainable And has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ecofin Sustainable time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Ecofin Sustainable And price movement. The serial correlation of -0.76 indicates that around 76.0% of current Ecofin Sustainable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ecofin Sustainable And lagged returns against current returns
Autocorrelation, which is Ecofin Sustainable 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 Ecofin Sustainable's fund expected returns. We can calculate the autocorrelation of Ecofin Sustainable returns to help us make a trade decision. For example, suppose you find that Ecofin Sustainable has exhibited high autocorrelation historically, and you observe that the 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 |
Ecofin Sustainable 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 Ecofin Sustainable fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecofin Sustainable fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecofin Sustainable fund over time.
Current vs Lagged Prices |
| Timeline |
Ecofin Sustainable Lagged Returns
When evaluating Ecofin Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ecofin Sustainable fund have on its future price. Ecofin Sustainable 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, Ecofin Sustainable autocorrelation shows the relationship between Ecofin Sustainable fund current value and its past values and can show if there is a momentum factor associated with investing in Ecofin Sustainable And.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ecofin Fund
Ecofin Sustainable financial ratios help investors to determine whether Ecofin 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 Ecofin with respect to the benefits of owning Ecofin Sustainable security.
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