Altegris Futures Evolution Fund Market Value

EVOAX Fund  USD 6.89  0.01  0.15%   
Altegris Futures' market value is the price at which a share of Altegris Futures trades on a public exchange. It measures the collective expectations of Altegris Futures Evolution investors about its performance. Altegris Futures is trading at 6.89 as of the 14th of December 2024; that is 0.15 percent up since the beginning of the trading day. The fund's open price was 6.88.
With this module, you can estimate the performance of a buy and hold strategy of Altegris Futures Evolution and determine expected loss or profit from investing in Altegris Futures over a given investment horizon. Check out Altegris Futures Correlation, Altegris Futures Volatility and Altegris Futures Alpha and Beta module to complement your research on Altegris Futures.
Symbol

Please note, there is a significant difference between Altegris Futures' value and its price as these two are different measures arrived at by different means. Investors typically determine if Altegris Futures is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altegris Futures' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Altegris Futures '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 Altegris Futures' 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 Altegris Futures.
0.00
11/14/2024
No Change 0.00  0.0 
In 30 days
12/14/2024
0.00
If you would invest  0.00  in Altegris Futures on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Altegris Futures Evolution or generate 0.0% return on investment in Altegris Futures over 30 days. Altegris Futures is related to or competes with Altegrisaaca Opportunistic, Altegrisaaca Opportunistic, Altegrisaaca Opportunistic, Altegris Futures, Altegris Futures, and . The fund seeks to achieve its investment objective by allocating its assets between a Managed Futures strategy and a Fix... More

Altegris Futures 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 Altegris Futures' 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 Altegris Futures Evolution upside and downside potential and time the market with a certain degree of confidence.

Altegris Futures Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Altegris Futures' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altegris Futures' standard deviation. In reality, there are many statistical measures that can use Altegris Futures historical prices to predict the future Altegris Futures' volatility.
Hype
Prediction
LowEstimatedHigh
6.276.887.49
Details
Intrinsic
Valuation
LowRealHigh
6.306.917.52
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Altegris Futures. Your research has to be compared to or analyzed against Altegris Futures' peers to derive any actionable benefits. When done correctly, Altegris Futures' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Altegris Futures Evo.

Altegris Futures Evo Backtested Returns

Altegris Futures Evo secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the fund had a -0.15% return per unit of risk over the last 3 months. Altegris Futures Evolution exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altegris Futures' Risk Adjusted Performance of (0.09), standard deviation of 0.607, and Mean Deviation of 0.4491 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Altegris Futures' returns are expected to increase less than the market. However, during the bear market, the loss of holding Altegris Futures is expected to be smaller as well.

Auto-correlation

    
  -0.32  

Poor reverse predictability

Altegris Futures Evolution has poor reverse predictability. Overlapping area represents the amount of predictability between Altegris Futures time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Altegris Futures Evo price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Altegris Futures price fluctuation can be explain by its past prices.
Correlation Coefficient-0.32
Spearman Rank Test0.05
Residual Average0.0
Price Variance0.0

Altegris Futures Evo lagged returns against current returns

Autocorrelation, which is Altegris Futures 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 Altegris Futures' mutual fund expected returns. We can calculate the autocorrelation of Altegris Futures returns to help us make a trade decision. For example, suppose you find that Altegris Futures 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  

Altegris Futures 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 Altegris Futures mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altegris Futures mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altegris Futures mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Altegris Futures Lagged Returns

When evaluating Altegris Futures' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altegris Futures mutual fund have on its future price. Altegris Futures 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, Altegris Futures autocorrelation shows the relationship between Altegris Futures mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Altegris Futures Evolution.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Altegris Mutual Fund

Altegris Futures financial ratios help investors to determine whether Altegris 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 Altegris with respect to the benefits of owning Altegris Futures security.
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