Eagle Mlp Strategy Fund Market Value
| EGLAX Fund | USD 8.59 0.03 0.35% |
| Symbol | Eagle |
Eagle Mlp '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 Eagle Mlp'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 Eagle Mlp.
| 02/26/2024 |
| 05/26/2024 |
If you would invest 0.00 in Eagle Mlp on February 26, 2024 and sell it all today you would earn a total of 0.00 from holding Eagle Mlp Strategy or generate 0.0% return on investment in Eagle Mlp over 90 days. Eagle Mlp is related to or competes with Eagle Mlp, T Rowe, Fidelity Freedom, Recurrent Mlp, Alger Spectra, T Rowe, and Thrivent High. The fund seeks to achieve its objective by investing, under normal conditions, at least 80 percent of its assets in mast... More
Eagle Mlp 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 Eagle Mlp'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 Eagle Mlp Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8676 | |||
| Information Ratio | 0.1151 | |||
| Maximum Drawdown | 3.49 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.15 |
Eagle Mlp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eagle Mlp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eagle Mlp's standard deviation. In reality, there are many statistical measures that can use Eagle Mlp historical prices to predict the future Eagle Mlp's volatility.| Risk Adjusted Performance | 0.107 | |||
| Jensen Alpha | 0.0933 | |||
| Total Risk Alpha | 0.0751 | |||
| Sortino Ratio | 0.0985 | |||
| Treynor Ratio | 0.1553 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eagle Mlp'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.
Eagle Mlp Strategy Backtested Returns
We consider Eagle Mlp very steady. Eagle Mlp Strategy secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eagle Mlp Strategy, which you can use to evaluate the volatility of the entity. Please confirm Eagle Mlp's Downside Deviation of 0.8676, mean deviation of 0.5826, and Coefficient Of Variation of 556.13 to check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 0.8, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eagle Mlp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eagle Mlp is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
Eagle Mlp Strategy has good predictability. Overlapping area represents the amount of predictability between Eagle Mlp time series from 26th of February 2024 to 11th of April 2024 and 11th of April 2024 to 26th of May 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 Eagle Mlp Strategy price movement. The serial correlation of 0.77 indicates that around 77.0% of current Eagle Mlp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Eagle Mlp Strategy lagged returns against current returns
Autocorrelation, which is Eagle Mlp 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 Eagle Mlp's mutual fund expected returns. We can calculate the autocorrelation of Eagle Mlp returns to help us make a trade decision. For example, suppose you find that Eagle Mlp 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 |
Eagle Mlp 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 Eagle Mlp mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eagle Mlp mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eagle Mlp mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Eagle Mlp Lagged Returns
When evaluating Eagle Mlp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eagle Mlp mutual fund have on its future price. Eagle Mlp 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, Eagle Mlp autocorrelation shows the relationship between Eagle Mlp mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Eagle Mlp Strategy.
Regressed Prices |
| Timeline |
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Check out Eagle Mlp Correlation, Eagle Mlp Volatility and Eagle Mlp Alpha and Beta module to complement your research on Eagle Mlp. Note that the Eagle Mlp Strategy information on this page should be used as a complementary analysis to other Eagle Mlp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Eagle Mlp 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.