Parametric International Equity Fund Market Value
| EAISX Fund | USD 14.79 0.14 0.96% |
| Symbol | Parametric |
Parametric International '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 Parametric International'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 Parametric International.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Parametric International on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Parametric International Equity or generate 0.0% return on investment in Parametric International over 360 days. Parametric International is related to or competes with Eaton Vance, Eaton Vance, Eaton Vance, Eaton Vance, Eaton Vance, Eaton Vance, and Eaton Vance. Under normal market conditions, the fund invests at least 80 percent of its net assets in a diversified portfolio of equ... More
Parametric International 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 Parametric International'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 Parametric International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.85 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 0.9556 |
Parametric International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parametric International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parametric International's standard deviation. In reality, there are many statistical measures that can use Parametric International historical prices to predict the future Parametric International's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Parametric International'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.
Parametric International Backtested Returns
Parametric International maintains Sharpe Ratio (i.e., Efficiency) of -0.0776, which implies the entity had a -0.0776% return per unit of risk over the last 3 months. Parametric International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Parametric International's Risk Adjusted Performance of (0.07), variance of 0.5252, and Coefficient Of Variation of (1,090) to confirm the risk estimate we provide. The fund holds a Beta of 0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, Parametric International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parametric International is expected to be smaller as well.
Auto-correlation | 0.09 |
Virtually no predictability
Parametric International Equity has virtually no predictability. Overlapping area represents the amount of predictability between Parametric International time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Parametric International price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Parametric International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Parametric International lagged returns against current returns
Autocorrelation, which is Parametric International 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 Parametric International's mutual fund expected returns. We can calculate the autocorrelation of Parametric International returns to help us make a trade decision. For example, suppose you find that Parametric International 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 |
Parametric International 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 Parametric International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parametric International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parametric International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Parametric International Lagged Returns
When evaluating Parametric International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parametric International mutual fund have on its future price. Parametric International 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, Parametric International autocorrelation shows the relationship between Parametric International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Parametric International Equity.
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 Parametric Mutual Fund
Parametric International financial ratios help investors to determine whether Parametric 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 Parametric with respect to the benefits of owning Parametric International security.
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