Eventide Multi Asset Income Fund Manager Performance Evaluation
| ETAMX Fund | USD 15.06 0.06 0.40% |
The fund shows a Beta (market volatility) of 0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eventide Multi-asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eventide Multi-asset is expected to be smaller as well.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Eventide Multi Asset Income are ranked lower than 14 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong primary indicators, Eventide Multi-asset is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of November 2022 | |
| Expense Ratio | 1.0700 |
Eventide |
Eventide Multi-asset Relative Risk vs. Return Landscape
If you would invest 1,430 in Eventide Multi Asset Income on August 31, 2024 and sell it today you would earn a total of 76.00 from holding Eventide Multi Asset Income or generate 5.31% return on investment over 90 days. Eventide Multi Asset Income is currently producing 0.0832% returns and takes up 0.4381% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than Eventide, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Eventide Multi-asset Current Valuation
Fairly Valued
Today
Please note that Eventide Multi-asset's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Eventide Multi Asset shows a prevailing Real Value of $14.96 per share. The current price of the fund is $15.06. We determine the value of Eventide Multi Asset from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Eventide Multi-asset is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Eventide Mutual Fund. However, Eventide Multi-asset'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 15.06 | Real 14.96 | Hype 15.06 |
The intrinsic value of Eventide Multi-asset'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 Eventide Multi-asset'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.
Estimating the potential upside or downside of Eventide Multi Asset Income helps investors to forecast how Eventide 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 Eventide Multi-asset more accurately as focusing exclusively on Eventide Multi-asset's fundamentals will not take into account other important factors: Eventide Multi-asset Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Multi-asset's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Eventide Multi Asset Income, and traders can use it to determine the average amount a Eventide Multi-asset'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 = 0.1898
| Best Portfolio | Best Equity | |||
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| Cash | ETAMX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.44 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Eventide Multi-asset is performing at about 14% 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 Eventide Multi-asset by adding it to a well-diversified portfolio.
Eventide Multi-asset Fundamentals Growth
Eventide Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Eventide Multi-asset, and Eventide Multi-asset 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 Eventide Mutual Fund performance.
| Total Asset | 25.56 M | ||||
About Eventide Multi-asset Performance
Evaluating Eventide Multi-asset's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Eventide Multi-asset 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 Eventide Multi-asset 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.
The fund has significant flexibility to achieve its investment objective by primarily investing in a broad universe of income-producing securities. These securities include debt and equity securities of companies in the U.S. and other markets around the world. Its investments in foreign securities may be made without limitation, directly or through American Depository Receipts.Things to note about Eventide Multi Asset performance evaluation
Checking the ongoing alerts about Eventide Multi-asset for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Eventide Multi Asset help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Eventide Multi-asset's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Eventide Multi-asset's mutual fund performance include:- Analyzing Eventide Multi-asset'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 Eventide Multi-asset's stock is overvalued or undervalued compared to its peers.
- Examining Eventide Multi-asset'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 Eventide Multi-asset's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Eventide Multi-asset's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Eventide Multi-asset's mutual fund. These opinions can provide insight into Eventide Multi-asset's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Eventide Mutual Fund
Eventide Multi-asset 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 Multi-asset security.
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