Equity Income Fund Market Value
| AEIUX Fund | USD 9.67 0.02 0.21% |
| Symbol | Equity |
Equity Income '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 Equity Income's mutual 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 Equity Income.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Equity Income on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Equity Income Fund or generate 0.0% return on investment in Equity Income over 60 days. Equity Income is related to or competes with Ambrus Core, Artisan High, Nuveen Massachusetts, Barings Active, Touchstone Ohio, California Bond, and Rbc Bluebay. The portfolio managers look for equity securities of companies with a favorable income-paying history that have prospect... More
Equity Income 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 Equity Income's mutual 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 Equity Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4563 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.12 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.7535 |
Equity Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Income's standard deviation. In reality, there are many statistical measures that can use Equity Income historical prices to predict the future Equity Income's volatility.| Risk Adjusted Performance | 0.1053 | |||
| Jensen Alpha | 0.0579 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (6.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity Income'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.
Equity Income Backtested Returns
At this stage we consider Equity Mutual Fund to be very steady. Equity Income secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Equity Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Equity Income's Coefficient Of Variation of 683.73, mean deviation of 0.371, and Downside Deviation of 0.4563 to check if the risk estimate we provide is consistent with the expected return of 0.0528%. The fund shows a Beta (market volatility) of -0.0093, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Equity Income are expected to decrease at a much lower rate. During the bear market, Equity Income is likely to outperform the market.
Auto-correlation | 0.22 |
Weak predictability
Equity Income Fund has weak predictability. Overlapping area represents the amount of predictability between Equity Income time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Equity Income price movement. The serial correlation of 0.22 indicates that over 22.0% of current Equity Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Equity Income lagged returns against current returns
Autocorrelation, which is Equity Income mutual 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 Equity Income's mutual fund expected returns. We can calculate the autocorrelation of Equity Income returns to help us make a trade decision. For example, suppose you find that Equity Income has exhibited high autocorrelation historically, and you observe that the mutual 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 |
Equity Income 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 Equity Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equity Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equity Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Equity Income Lagged Returns
When evaluating Equity Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equity Income mutual fund have on its future price. Equity Income 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, Equity Income autocorrelation shows the relationship between Equity Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Equity Income Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Equity Mutual Fund
Equity Income financial ratios help investors to determine whether Equity 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 Equity with respect to the benefits of owning Equity Income security.
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