Evaluator Tactically Managed Fund Market Value
| EVFTX Fund | USD 10.85 0.01 0.09% |
| Symbol | Evaluator |
Evaluator Tactically '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 Evaluator Tactically'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 Evaluator Tactically.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Evaluator Tactically on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Evaluator Tactically Managed or generate 0.0% return on investment in Evaluator Tactically over 30 days. Evaluator Tactically is related to or competes with Evaluator Aggressive, Evaluator Moderate, Evaluator Aggressive, Evaluator Conservative, Evaluator Growth, Evaluator Growth, and Evaluator Moderate. The fund invests in the securities of other unaffiliated investment companies, including open-end funds, ETFs and closed... More
Evaluator Tactically 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 Evaluator Tactically'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 Evaluator Tactically Managed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3075 | |||
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 1.4 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.6518 |
Evaluator Tactically Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evaluator Tactically's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evaluator Tactically's standard deviation. In reality, there are many statistical measures that can use Evaluator Tactically historical prices to predict the future Evaluator Tactically's volatility.| Risk Adjusted Performance | 0.0611 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | 0.0871 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evaluator Tactically'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.
Evaluator Tactically Backtested Returns
At this stage we consider Evaluator Mutual Fund to be very steady. Evaluator Tactically secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the fund had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Evaluator Tactically Managed, which you can use to evaluate the volatility of the entity. Please confirm Evaluator Tactically's Semi Deviation of 0.1456, downside deviation of 0.3075, and Mean Deviation of 0.2123 to check if the risk estimate we provide is consistent with the expected return of 0.0419%. The fund shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, Evaluator Tactically's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evaluator Tactically is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
Evaluator Tactically Managed has good predictability. Overlapping area represents the amount of predictability between Evaluator Tactically time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Evaluator Tactically price movement. The serial correlation of 0.77 indicates that around 77.0% of current Evaluator Tactically price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Evaluator Tactically lagged returns against current returns
Autocorrelation, which is Evaluator Tactically 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 Evaluator Tactically's mutual fund expected returns. We can calculate the autocorrelation of Evaluator Tactically returns to help us make a trade decision. For example, suppose you find that Evaluator Tactically 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 |
Evaluator Tactically 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 Evaluator Tactically mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evaluator Tactically mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evaluator Tactically mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Evaluator Tactically Lagged Returns
When evaluating Evaluator Tactically's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evaluator Tactically mutual fund have on its future price. Evaluator Tactically 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, Evaluator Tactically autocorrelation shows the relationship between Evaluator Tactically mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Evaluator Tactically Managed.
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 Evaluator Mutual Fund
Evaluator Tactically financial ratios help investors to determine whether Evaluator 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 Evaluator with respect to the benefits of owning Evaluator Tactically security.
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