Eventide Market Etf Market Value
| EUSM Etf | 26.38 0.30 1.15% |
| Symbol | Eventide |
The market value of Eventide Market ETF is measured differently than its book value, which is the value of Eventide that is recorded on the company's balance sheet. Investors also form their own opinion of Eventide Market's value that differs from its market value or its book value, called intrinsic value, which is Eventide Market's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eventide Market's market value can be influenced by many factors that don't directly affect Eventide Market's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eventide Market's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eventide Market is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eventide Market'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.
Eventide Market '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 Eventide Market's etf 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 Eventide Market.
| 05/06/2025 |
| 08/04/2025 |
If you would invest 0.00 in Eventide Market on May 6, 2025 and sell it all today you would earn a total of 0.00 from holding Eventide Market ETF or generate 0.0% return on investment in Eventide Market over 90 days. Eventide Market is related to or competes with JPMorgan Fundamental, EA Series, Vanguard Mid, SPDR SP, SPDR SP, DBX ETF, and Cambria Micro. Eventide Market is entity of United States More
Eventide Market 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 Eventide Market's etf 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 Eventide Market ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7142 | |||
| Information Ratio | 0.0637 | |||
| Maximum Drawdown | 4.74 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.32 |
Eventide Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventide Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eventide Market's standard deviation. In reality, there are many statistical measures that can use Eventide Market historical prices to predict the future Eventide Market's volatility.| Risk Adjusted Performance | 0.1636 | |||
| Jensen Alpha | 0.0603 | |||
| Total Risk Alpha | 0.0502 | |||
| Sortino Ratio | 0.0702 | |||
| Treynor Ratio | 0.1703 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eventide Market'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.
Eventide Market ETF Backtested Returns
As of now, Eventide Etf is very steady. Eventide Market ETF secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the etf had a 0.21 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Eventide Market ETF, which you can use to evaluate the volatility of the entity. Please confirm Eventide Market's Mean Deviation of 0.572, downside deviation of 0.7142, and Coefficient Of Variation of 481.31 to check if the risk estimate we provide is consistent with the expected return of 0.16%. The etf shows a Beta (market volatility) of 0.9, which means possible diversification benefits within a given portfolio. Eventide Market returns are very sensitive to returns on the market. As the market goes up or down, Eventide Market is expected to follow.
Auto-correlation | 0.85 |
Very good predictability
Eventide Market ETF has very good predictability. Overlapping area represents the amount of predictability between Eventide Market time series from 6th of May 2025 to 20th of June 2025 and 20th of June 2025 to 4th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eventide Market ETF price movement. The serial correlation of 0.85 indicates that around 85.0% of current Eventide Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Eventide Market ETF lagged returns against current returns
Autocorrelation, which is Eventide Market etf'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 Eventide Market's etf expected returns. We can calculate the autocorrelation of Eventide Market returns to help us make a trade decision. For example, suppose you find that Eventide Market has exhibited high autocorrelation historically, and you observe that the etf 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 |
Eventide Market 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 Eventide Market etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eventide Market etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eventide Market etf over time.
Current vs Lagged Prices |
| Timeline |
Eventide Market Lagged Returns
When evaluating Eventide Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eventide Market etf have on its future price. Eventide Market 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, Eventide Market autocorrelation shows the relationship between Eventide Market etf current value and its past values and can show if there is a momentum factor associated with investing in Eventide Market ETF.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Prophet is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ProphetCheck out Eventide Market Correlation, Eventide Market Volatility and Eventide Market Alpha and Beta module to complement your research on Eventide Market. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Eventide Market technical etf 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, etf market cycles, or different charting patterns.