Altegris Futures Evolution Strategy Fd Cl N (EVONX)

Altegris Futures Evolution Strategy Fd Cl N (EVONX) Financial Services Profile

Altegris Futures Evolution Strategy Fd Cl N strategically allocates assets between managed futures and fixed income, typically investing 15-25% in managed futures and 60-80% in fixed income. With a market cap of $67.07M and a P/E ratio of 6.8, the fund operates within the competitive asset management landscape.

What Is the Investment Thesis for EVONX?

Altegris Futures Evolution Strategy Fd Cl N presents a unique investment proposition through its dual strategy approach, combining managed futures and fixed income investments. The fund's ability to allocate assets dynamically between these strategies offers potential for risk-adjusted returns in varying market conditions. With a profit margin of 27.0% and a gross margin of 53.7%, the fund demonstrates strong profitability. The fund's low beta of -0.13 suggests a lower volatility compared to the broader market, potentially offering downside protection during market downturns. However, the absence of a dividend yield may deter income-seeking investors. The fund's success hinges on the expertise of its adviser in navigating both the futures and fixed income markets. Ongoing monitoring of the fund's asset allocation and performance is crucial to assess its effectiveness in achieving its investment objective.

Based on FMP financials and quantitative analysis

EVONX Key Highlights

• Market Cap of $67.07M indicates the fund's size and market presence within the asset management industry.
• P/E Ratio of 6.8 suggests the fund may be undervalued compared to its earnings.
• Profit Margin of 27.0% demonstrates the fund's efficiency in generating profits from its revenue.
• Gross Margin of 53.7% reflects the fund's ability to manage its cost of goods sold effectively.
• Beta of -0.13 indicates the fund's low volatility and potential for downside protection during market downturns.

Who Are EVONX's Competitors?

EVONX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are EVONX's Key Strengths?

• Diversified investment strategy combining managed futures and fixed income.
• Experienced management team with expertise in both futures and fixed income markets.
• Strong risk management framework.
• Established track record of generating risk-adjusted returns.

What Are EVONX's Weaknesses?

• Dependence on market conditions and the performance of underlying assets.
• Potential for losses in both managed futures and fixed income strategies.
• Absence of dividend yield may deter income-seeking investors.
• Relatively small market cap compared to larger asset management firms.

What Could Drive EVONX Stock Higher?

• Potential for increased demand for diversified investment solutions in volatile markets.
• Ability to generate returns in both rising and falling markets through managed futures strategy.
• Launch of new investment products catering to evolving investor needs.
• Strategic partnerships and acquisitions to expand distribution network.
• Leveraging fintech innovations to improve investment processes and client service.

What Are the Key Risks for EVONX?

• Market volatility and economic uncertainty could negatively impact fund performance.
• Changes in interest rates could affect the value of fixed income investments.
• Increased competition from other asset management firms.
• Regulatory changes and compliance requirements could increase costs and complexity.
• Dependence on the expertise of the management team to navigate complex markets.

What Are the Growth Opportunities for EVONX?

• Expansion of Managed Futures Strategy: The fund can explore opportunities to expand its Managed Futures strategy by diversifying into new asset classes and markets. This could involve investing in commodities, currencies, and other alternative investments to enhance returns and reduce risk. The market for managed futures is estimated to be worth billions of dollars, offering significant growth potential for the fund. Timeline: Within the next 2-3 years.
• Enhancement of Fixed Income Portfolio: The fund can enhance its Fixed Income portfolio by incorporating a wider range of fixed-income securities, such as high-yield bonds, emerging market debt, and inflation-protected securities. This could improve the portfolio's yield and diversification. The global fixed income market is one of the largest and most liquid markets in the world, providing ample opportunities for the fund. Timeline: Ongoing.
• Strategic Partnerships and Acquisitions: The fund can pursue strategic partnerships and acquisitions to expand its distribution network and access new markets. This could involve partnering with other asset management firms, wealth management platforms, or financial advisors to reach a wider audience of investors. The market for asset management acquisitions is active, with numerous deals occurring each year. Timeline: Within the next 3-5 years.
• Development of New Investment Products: The fund can develop new investment products that cater to the evolving needs of investors. This could involve creating thematic funds focused on specific investment themes, such as sustainable investing, technology, or healthcare. The market for thematic funds is growing rapidly, driven by increasing investor interest in socially responsible and impact investing. Timeline: Within the next 1-2 years.
• Leveraging Fintech Innovations: The fund can leverage fintech innovations to improve its investment processes, enhance client service, and reduce costs. This could involve using artificial intelligence, machine learning, and blockchain technology to automate tasks, analyze data, and provide personalized investment advice. The fintech market is rapidly evolving, with new technologies and solutions emerging constantly. Timeline: Ongoing.

What Opportunities Does EVONX Have?

• Expansion into new asset classes and markets.
• Development of new investment products and services.
• Strategic partnerships and acquisitions to expand distribution network.
• Leveraging fintech innovations to improve investment processes and client service.

What Threats Does EVONX Face?

• Increased competition from other asset management firms.
• Changes in interest rates and market volatility.
• Regulatory changes and compliance requirements.
• Economic downturns and market corrections.

What Are EVONX's Competitive Advantages?

• Diversified investment strategy provides a competitive advantage.
• Experienced management team with expertise in both futures and fixed income markets.
• Established track record of generating risk-adjusted returns.
• Strong distribution network through partnerships with financial advisors and platforms.

What Does EVONX Do?

Altegris Futures Evolution Strategy Fd Cl N operates within the financial services sector, specifically in asset management with a focus on bonds. The fund's core strategy involves allocating its assets between two primary investment approaches: a 'Managed Futures' strategy and a 'Fixed Income' strategy. The fund aims to achieve its investment objective by dynamically adjusting the allocation between these two strategies based on market conditions and investment opportunities. Typically, the Adviser allocates 15-25% of the fund's total net assets to Managed Futures strategies, using these assets for investment and collateral purposes. The Managed Futures strategy involves investing in various futures contracts and derivatives to capitalize on market trends and generate returns. Concurrently, the Adviser allocates 60-80% of the fund's total net assets to Fixed Income strategies. This strategy focuses on investing in a diversified portfolio of fixed-income securities, such as government and corporate bonds, to provide a stable income stream and capital appreciation. The fund's investment approach is designed to provide investors with a diversified portfolio that can potentially generate returns in various market environments. By combining Managed Futures and Fixed Income strategies, the fund seeks to balance risk and reward, providing investors with a comprehensive investment solution. The fund's performance is influenced by factors such as interest rates, market volatility, and the performance of the underlying assets in its portfolio. As of 2026, the fund continues to operate with this core strategy, adapting to changing market conditions and investor needs.

What Products and Services Does EVONX Offer?

• Allocates assets between a 'Managed Futures' strategy and a 'Fixed Income' strategy.
• Invests 15-25% of net assets in Managed Futures strategies.
• Uses assets as collateral for gaining exposure to Managed Futures strategies.
• Allocates 60-80% of net assets to Fixed Income strategies.
• Seeks to achieve its investment objective through a diversified portfolio.
• Manages risk by dynamically adjusting asset allocation based on market conditions.

How Does EVONX Make Money?

• Generates revenue through management fees charged on assets under management (AUM).
• AUM is derived from investments in Managed Futures and Fixed Income strategies.
• Profitability is influenced by market performance and the fund's ability to generate returns.

What Industry Does EVONX Operate In?

Altegris Futures Evolution Strategy Fd Cl N operates within the asset management industry, which is characterized by intense competition and evolving market dynamics. The industry is influenced by factors such as interest rates, economic growth, and regulatory changes. The fund competes with other asset management firms offering similar investment strategies, including ATSMX (Altegris CoreStrategies), BEGBX (BlackRock Global Allocation Fund), FAM (First Asset Management), FFIOX (Fidelity Freedom Index 2010 Fund), and MFOIX (MassMutual Select Funds). The fund's success depends on its ability to differentiate itself through superior performance, risk management, and client service.

Who Are EVONX's Key Customers?

• Individual investors seeking diversified investment solutions.
• Institutional investors looking for exposure to Managed Futures and Fixed Income strategies.
• Financial advisors seeking investment products for their clients.

Altegris Futures Evolution Strategy Fd Cl N (EVONX) Valuation Context

Valued at $67.07M, EVONX is classified as a micro-cap stock. Relative to its peer group, EVONX's quantitative score of 47/100 is roughly in line with the peer average of 44/100.

ROE 41%Key Financial Metrics

Return on equity for Altegris Futures Evolution Strategy Fd Cl N stands at 41.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 27.0%, showing how much profit it generates from its asset base. EVONX trades at a trailing price-to-earnings ratio of 6.82, below the Financial Services sector average of ~18x. Its free cash flow yield is 66.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.73 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 14.7%, the inverse of the P/E and a quick read on earnings relative to price.

EVONX Financials

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EVONX MoonshotScore

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Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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