Equity Income Fund Market Value

TWEIX Fund  USD 8.80  0.11  1.27%   
Equity Income's market value is the price at which a share of Equity Income trades on a public exchange. It measures the collective expectations of Equity Income Fund investors about its performance. Equity Income is trading at 8.80 as of the 28th of March 2024; that is 1.27% increase since the beginning of the trading day. The fund's open price was 8.69.
With this module, you can estimate the performance of a buy and hold strategy of Equity Income Fund and determine expected loss or profit from investing in Equity Income over a given investment horizon. Check out Equity Income Correlation, Equity Income Volatility and Equity Income Alpha and Beta module to complement your research on Equity Income.
Symbol

Please note, there is a significant difference between Equity Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equity Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equity Income's 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.

Equity Income '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 Equity Income'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 Equity Income.
0.00
09/30/2023
No Change 0.00  0.0 
In 5 months and 30 days
03/28/2024
0.00
If you would invest  0.00  in Equity Income on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Equity Income Fund or generate 0.0% return on investment in Equity Income over 180 days. Equity Income is related to or competes with Mid Cap, Equity Growth, Income Growth, Diversified Bond, Emerging Markets, Diversified Bond, and Disciplined Growth. The portfolio managers look for equity securities of companies with a favorable income-paying history that have prospect... More

Equity Income 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 Equity Income'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 Equity Income Fund upside and downside potential and time the market with a certain degree of confidence.

Equity Income Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Income's standard deviation. In reality, there are many statistical measures that can use Equity Income historical prices to predict the future Equity Income's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity Income'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.
Hype
Prediction
LowEstimatedHigh
8.348.809.26
Details
Intrinsic
Valuation
LowRealHigh
8.288.749.20
Details
Naive
Forecast
LowNextHigh
8.308.759.21
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.668.768.87
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Equity Income. Your research has to be compared to or analyzed against Equity Income's peers to derive any actionable benefits. When done correctly, Equity Income's 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 Equity Income Fund.

Equity Income Fund Backtested Returns

We consider Equity Income very steady. Equity Income Fund secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Equity Income Fund, which you can use to evaluate the volatility of the entity. Please confirm Equity Income's Mean Deviation of 0.3354, coefficient of variation of 505.49, and Downside Deviation of 0.5599 to check if the risk estimate we provide is consistent with the expected return of 0.0799%. The fund shows a Beta (market volatility) of 0.59, which means possible diversification benefits within a given portfolio. As returns on the market increase, Equity Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Equity Income is expected to be smaller as well.

Auto-correlation

    
  0.85  

Very good predictability

Equity Income Fund has very good predictability. Overlapping area represents the amount of predictability between Equity Income time series from 30th of September 2023 to 29th of December 2023 and 29th of December 2023 to 28th of March 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 Equity Income Fund price movement. The serial correlation of 0.85 indicates that around 85.0% of current Equity Income price fluctuation can be explain by its past prices.
Correlation Coefficient0.85
Spearman Rank Test0.82
Residual Average0.0
Price Variance0.01

Equity Income Fund lagged returns against current returns

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

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

Equity Income Lagged Returns

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Equity Income in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Equity Income's short interest history, or implied volatility extrapolated from Equity Income options trading.

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Check out Equity Income Correlation, Equity Income Volatility and Equity Income Alpha and Beta module to complement your research on Equity Income.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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When running Equity Income's price analysis, check to measure Equity Income's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Equity Income is operating at the current time. Most of Equity Income's value examination focuses on studying past and present price action to predict the probability of Equity Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equity Income's price. Additionally, you may evaluate how the addition of Equity Income to your portfolios can decrease your overall portfolio volatility.
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Equity Income 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.
A focus of Equity Income technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Equity Income trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...