1290 Essex Small Fund Manager Performance Evaluation

ESCJX Fund   13.74  0.19  1.36%   
The entity owns a Beta (Systematic Risk) of 1.39, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 1290 Essex will likely underperform.

Risk-Adjusted Performance

15 of 100

 
Weak
 
Strong
Good
Compared to the overall equity markets, risk-adjusted returns on investments in 1290 Essex Small are ranked lower than 15 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward-looking indicators, 1290 Essex showed solid returns over the last few months and may actually be approaching a breakup point.
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Expense Ratio0.8800
  

1290 Essex Relative Risk vs. Return Landscape

If you would invest  1,160  in 1290 Essex Small on September 10, 2024 and sell it today you would earn a total of  214.00  from holding 1290 Essex Small or generate 18.45% return on investment over 90 days. 1290 Essex Small is currently producing 0.2744% returns and takes up 1.4004% volatility of returns over 90 trading days. Put another way, 12% of traded mutual funds are less volatile than 1290, and 95% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days horizon 1290 Essex is expected to generate 1.93 times more return on investment than the market. However, the company is 1.93 times more volatile than its market benchmark. It trades about 0.2 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.19 per unit of risk.

1290 Essex Current Valuation

Fairly Valued
Today
13.74
Please note that 1290 Essex's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. 1290 Essex Small owns a latest Real Value of USD13.99 per share. The recent price of the fund is USD13.74. We determine the value of 1290 Essex Small from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, sooner or later, mutual fund prices and their ongoing real values will grow together.
Since 1290 Essex is currently traded on the exchange, buyers and sellers on that exchange determine the market value of 1290 Mutual Fund. However, 1290 Essex's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  13.74 Real  13.99 Hype  13.74 Naive  13.87
The intrinsic value of 1290 Essex's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence 1290 Essex's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
13.99
Real Value
15.39
Upside
Estimating the potential upside or downside of 1290 Essex Small helps investors to forecast how 1290 mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of 1290 Essex more accurately as focusing exclusively on 1290 Essex's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.2613.6714.09
Details
Hype
Prediction
LowEstimatedHigh
12.3413.7415.14
Details
Naive
Forecast
LowNext ValueHigh
12.4713.8715.27
Details

1290 Essex Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for 1290 Essex's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as 1290 Essex Small, and traders can use it to determine the average amount a 1290 Essex's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.196

Best PortfolioBest Equity
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Estimated Market Risk

 1.4
  actual daily
12
88% of assets are more volatile

Expected Return

 0.27
  actual daily
5
95% of assets have higher returns

Risk-Adjusted Return

 0.2
  actual daily
15
85% of assets perform better
Based on monthly moving average 1290 Essex is performing at about 15% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 1290 Essex by adding it to a well-diversified portfolio.

1290 Essex Fundamentals Growth

1290 Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of 1290 Essex, and 1290 Essex fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on 1290 Mutual Fund performance.

About 1290 Essex Performance

Evaluating 1290 Essex's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if 1290 Essex has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if 1290 Essex has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus borrowings for investment purposes, in equity securities of small- and micro-capitalization companies. For the fund, a company is considered to be a small-capitalization company if, at the time of purchase, its market capitalization is less than or equal to the market capitalization of the largest company included within the Russell 2000 Growth Index.

Things to note about 1290 Essex Small performance evaluation

Checking the ongoing alerts about 1290 Essex for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for 1290 Essex Small help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The fund retains all of the assets under management (AUM) in different types of exotic instruments
Evaluating 1290 Essex's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate 1290 Essex's mutual fund performance include:
  • Analyzing 1290 Essex's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether 1290 Essex's stock is overvalued or undervalued compared to its peers.
  • Examining 1290 Essex's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating 1290 Essex's management team can have a significant impact on its success or failure. Reviewing the track record and experience of 1290 Essex's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of 1290 Essex's mutual fund. These opinions can provide insight into 1290 Essex's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating 1290 Essex's mutual fund performance is not an exact science, and many factors can impact 1290 Essex's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Other Information on Investing in 1290 Mutual Fund

1290 Essex financial ratios help investors to determine whether 1290 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 1290 with respect to the benefits of owning 1290 Essex security.
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