Parametric Tax Managed International Fund Market Value
| ETIGX Fund | USD 12.44 0.00 0.00% |
| Symbol | Parametric |
Parametric Tax-managed '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 Tax-managed'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 Tax-managed.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Parametric Tax-managed on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Parametric Tax Managed International or generate 0.0% return on investment in Parametric Tax-managed over 90 days. Parametric Tax-managed is related to or competes with Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Developed, and Fidelity International. Under normal market conditions, the fund invests at least 80 percent of its net assets in a diversified portfolio of equ... More
Parametric Tax-managed 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 Tax-managed'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 Tax Managed International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 3.72 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 0.858 |
Parametric Tax-managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parametric Tax-managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parametric Tax-managed's standard deviation. In reality, there are many statistical measures that can use Parametric Tax-managed historical prices to predict the future Parametric Tax-managed's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.41) |
Parametric Tax Managed Backtested Returns
Parametric Tax Managed maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the entity had a -0.13% return per unit of risk over the last 3 months. Parametric Tax Managed exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Parametric Tax-managed's Coefficient Of Variation of (681.31), variance of 0.4649, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The fund holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, Parametric Tax-managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parametric Tax-managed is expected to be smaller as well.
Auto-correlation | -0.5 |
Modest reverse predictability
Parametric Tax Managed International has modest reverse predictability. Overlapping area represents the amount of predictability between Parametric Tax-managed time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Tax Managed price movement. The serial correlation of -0.5 indicates that about 50.0% of current Parametric Tax-managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Parametric Tax Managed lagged returns against current returns
Autocorrelation, which is Parametric Tax-managed 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 Tax-managed's mutual fund expected returns. We can calculate the autocorrelation of Parametric Tax-managed returns to help us make a trade decision. For example, suppose you find that Parametric Tax-managed 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 Tax-managed 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 Tax-managed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parametric Tax-managed 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 Tax-managed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Parametric Tax-managed Lagged Returns
When evaluating Parametric Tax-managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parametric Tax-managed mutual fund have on its future price. Parametric Tax-managed 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 Tax-managed autocorrelation shows the relationship between Parametric Tax-managed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Parametric Tax Managed International.
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 Tax-managed 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 Tax-managed security.
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