Evaluator Aggressive Rms Fund Market Value
| EVAGX Fund | USD 13.17 0.08 0.60% |
| Symbol | Evaluator |
Evaluator Aggressive '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 Evaluator Aggressive'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 Evaluator Aggressive.
| 06/03/2022 |
| 05/23/2024 |
If you would invest 0.00 in Evaluator Aggressive on June 3, 2022 and sell it all today you would earn a total of 0.00 from holding Evaluator Aggressive Rms or generate 0.0% return on investment in Evaluator Aggressive over 720 days. Evaluator Aggressive is related to or competes with American Funds, American Funds, HUMANA, Barloworld, High Yield, Morningstar Unconstrained, and Thrivent High. The fund invests in the securities of other unaffiliated investment companies, including open-end funds, exchange-traded... More
Evaluator Aggressive 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 Evaluator Aggressive'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 Evaluator Aggressive Rms upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6254 | |||
| Information Ratio | 0.0255 | |||
| Maximum Drawdown | 2.7 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 1.01 |
Evaluator Aggressive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evaluator Aggressive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evaluator Aggressive's standard deviation. In reality, there are many statistical measures that can use Evaluator Aggressive historical prices to predict the future Evaluator Aggressive's volatility.| Risk Adjusted Performance | 0.0911 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | 0.0134 | |||
| Sortino Ratio | 0.024 | |||
| Treynor Ratio | 0.0857 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evaluator Aggressive'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.
Evaluator Aggressive Rms Backtested Returns
We consider Evaluator Aggressive very steady. Evaluator Aggressive Rms secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Evaluator Aggressive Rms, which you can use to evaluate the volatility of the entity. Please confirm Evaluator Aggressive's Downside Deviation of 0.6254, mean deviation of 0.4562, and Semi Deviation of 0.4487 to check if the risk estimate we provide is consistent with the expected return of 0.0745%. The fund shows a Beta (market volatility) of 0.97, which means possible diversification benefits within a given portfolio. Evaluator Aggressive returns are very sensitive to returns on the market. As the market goes up or down, Evaluator Aggressive is expected to follow.
Auto-correlation | 0.57 |
Modest predictability
Evaluator Aggressive Rms has modest predictability. Overlapping area represents the amount of predictability between Evaluator Aggressive time series from 3rd of June 2022 to 29th of May 2023 and 29th of May 2023 to 23rd 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 Evaluator Aggressive Rms price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Evaluator Aggressive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Evaluator Aggressive Rms lagged returns against current returns
Autocorrelation, which is Evaluator Aggressive 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 Evaluator Aggressive's mutual fund expected returns. We can calculate the autocorrelation of Evaluator Aggressive returns to help us make a trade decision. For example, suppose you find that Evaluator Aggressive 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 |
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Evaluator Aggressive 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 Evaluator Aggressive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evaluator Aggressive mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evaluator Aggressive mutual fund over time.
Current vs Lagged Prices |
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Evaluator Aggressive Lagged Returns
When evaluating Evaluator Aggressive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evaluator Aggressive mutual fund have on its future price. Evaluator Aggressive 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, Evaluator Aggressive autocorrelation shows the relationship between Evaluator Aggressive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Evaluator Aggressive Rms.
Regressed Prices |
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Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Evaluator Aggressive Correlation, Evaluator Aggressive Volatility and Evaluator Aggressive Alpha and Beta module to complement your research on Evaluator Aggressive. Note that the Evaluator Aggressive Rms information on this page should be used as a complementary analysis to other Evaluator Aggressive'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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Evaluator Aggressive 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.