Eventide Multi Asset Income Fund Manager Performance Evaluation
| ETCMX Fund | USD 14.18 0.01 0.07% |
The fund shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, Eventide Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eventide Multi is expected to be smaller as well.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Eventide Multi Asset Income has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong primary indicators, Eventide Multi 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 | 1.8200 |
Eventide |
Eventide Multi Relative Risk vs. Return Landscape
If you would invest 1,454 in Eventide Multi Asset Income on September 25, 2024 and sell it today you would lose (36.00) from holding Eventide Multi Asset Income or give up 2.48% of portfolio value over 90 days. Eventide Multi Asset Income is currently producing negative expected returns and takes up 0.518% volatility of returns over 90 trading days. Put another way, 4% 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 Current Valuation
Fairly Valued
Today
Please note that Eventide Multi'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 $14.25 per share. The current price of the fund is $14.18. 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 is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Eventide Mutual Fund. However, Eventide Multi'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 14.18 | Real 14.25 | Hype 13.94 |
The intrinsic value of Eventide Multi'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'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 more accurately as focusing exclusively on Eventide Multi's fundamentals will not take into account other important factors: Eventide Multi Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Multi'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'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 = -0.0743
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ETCMX |
Estimated Market Risk
| 0.52 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Eventide Multi is not performing at its full potential. However, 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 by adding Eventide Multi to a well-diversified portfolio.
Eventide Multi Fundamentals Growth
Eventide Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Eventide Multi, and Eventide Multi 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 | 16.2 M | ||||
About Eventide Multi Performance
Evaluating Eventide Multi's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Eventide Multi 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 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 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.| Eventide Multi Asset generated a negative expected return over the last 90 days | |
| The fund retains about 42.86% of its assets under management (AUM) in fixed income securities |
- Analyzing Eventide Multi'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's stock is overvalued or undervalued compared to its peers.
- Examining Eventide Multi'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's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Eventide Multi's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Eventide Multi's mutual fund. These opinions can provide insight into Eventide Multi's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Eventide Mutual Fund
Eventide Multi 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 security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |