Eventide Large Holdings Turnover vs. Three Year Return
| ETLAX Fund | USD 14.00 0.18 1.30% |
For Eventide Large profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eventide Large to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eventide Large Cap utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eventide Large's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eventide Large Cap over time as well as its relative position and ranking within its peers.
Eventide |
Eventide Large Cap Three Year Return vs. Holdings Turnover Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eventide Large's current stock value. Our valuation model uses many indicators to compare Eventide Large value to that of its competitors to determine the firm's financial worth. Eventide Large Cap is one of the top funds in holdings turnover among similar funds. It also is one of the top funds in three year return among similar funds reporting about 0.18 of Three Year Return per Holdings Turnover. The ratio of Holdings Turnover to Three Year Return for Eventide Large Cap is roughly 5.43 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Eventide Large's earnings, one of the primary drivers of an investment's value.Eventide Three Year Return vs. Holdings Turnover
Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Eventide Large |
| = | 12.00 % |
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Eventide Large |
| = | 2.21 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Eventide Three Year Return Comparison
Eventide Large is currently under evaluation in three year return among similar funds.
Eventide Large Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eventide Large, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eventide Large will eventually generate negative long term returns. The profitability progress is the general direction of Eventide Large's change in net profit over the period of time. It can combine multiple indicators of Eventide Large, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund seeks to achieve its investment objective by primarily investing in a broad range of equity securities of large capitalization companies. Under normal market conditions, the fund invests at least 80 percent of its net assets in large capitalization companies. It may invest without limitation in securities in companies domiciled outside the United States either directly or through ADRs. The fund is non-diversified.
Eventide Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eventide Large. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Eventide Large position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Eventide Large's important profitability drivers and their relationship over time.
Use Eventide Large in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eventide Large position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eventide Large will appreciate offsetting losses from the drop in the long position's value.Eventide Large Pair Trading
Eventide Large Cap Pair Trading Analysis
The ability to find closely correlated positions to Eventide Large could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eventide Large when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eventide Large - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eventide Large Cap to buy it.
The correlation of Eventide Large is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eventide Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eventide Large Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eventide Large can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Eventide Large position
In addition to having Eventide Large in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Processed Foods Thematic Idea Now
Processed Foods
Companies producing and distributing processed foods to retail sectors. The Processed Foods theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Processed Foods Theme or any other thematic opportunities.
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Other Information on Investing in Eventide Mutual Fund
To fully project Eventide Large's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Eventide Large Cap at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Eventide Large's income statement, its balance sheet, and the statement of cash flows.
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