Altegris Futures Evolution Fund Technical Analysis
| EVOCX Fund | USD 6.88 0.01 0.15% |
As of the 13th of December 2024, Altegris Futures shows the Mean Deviation of 0.4492, standard deviation of 0.5996, and Risk Adjusted Performance of (0.1). Altegris Futures Evo technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices.
Altegris Futures Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Altegris, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AltegrisAltegris |
Altegris Futures technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Altegris Futures Evo Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Altegris Futures Evo volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Altegris Futures Evo Trend Analysis
Use this graph to draw trend lines for Altegris Futures Evolution. You can use it to identify possible trend reversals for Altegris Futures as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Altegris Futures price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Altegris Futures Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Altegris Futures Evolution applied against its price change over selected period. The best fit line has a slop of 0.0049 , which may suggest that Altegris Futures Evolution market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.89, which is the sum of squared deviations for the predicted Altegris Futures price change compared to its average price change.About Altegris Futures Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Altegris Futures Evolution on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Altegris Futures Evolution based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Altegris Futures Evo price pattern first instead of the macroeconomic environment surrounding Altegris Futures Evo. By analyzing Altegris Futures's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Altegris Futures's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Altegris Futures specific price patterns or momentum indicators. Please read more on our technical analysis page.
Altegris Futures December 13, 2024 Technical Indicators
Most technical analysis of Altegris help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Altegris from various momentum indicators to cycle indicators. When you analyze Altegris charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.1) | |||
| Market Risk Adjusted Performance | (0.36) | |||
| Mean Deviation | 0.4492 | |||
| Coefficient Of Variation | (752.81) | |||
| Standard Deviation | 0.5996 | |||
| Variance | 0.3595 | |||
| Information Ratio | (0.32) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.37) | |||
| Maximum Drawdown | 2.74 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 0.7353 | |||
| Skewness | (0.54) | |||
| Kurtosis | 0.378 |
Altegris Futures Evo One Year Return
Based on the recorded statements, Altegris Futures Evolution has an One Year Return of 3.3431%. This is 155.35% lower than that of the Altegris family and significantly higher than that of the Systematic Trend category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.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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