1290 Multi Alternative Strategies Fund Buy Hold or Sell Recommendation
| TNMIX Fund | USD 8.97 0.01 0.11% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding 1290 Multi Alternative Strategies is 'Sell'. Macroaxis provides 1290 Multi buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding TNMIX positions. The advice algorithm takes into account all of 1290 Multi's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting 1290 Multi's buy or sell advice are summarized below:
Real Value 8.74 | Hype Value 8.97 | Market Value 8.97 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell 1290 Multi Alternative Strategies given historical horizon and risk tolerance towards 1290 Multi. When Macroaxis issues a 'buy' or 'sell' recommendation for 1290 Multi Alternative Strategies, the advice is generated through an automated system that utilizes algorithms and statistical models.
1290 |
Execute 1290 Multi Buy or Sell Advice
The 1290 recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on 1290 Multi Alternative Strategies. Macroaxis does not own or have any residual interests in 1290 Multi Alternative Strategies or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute 1290 Multi's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Sell
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Analyst Consensus | Not Available | Details |
1290 Multi Trading Alerts and Improvement Suggestions
| The fund generated three year return of -1.0% | |
| 1290 Multi Alternative maintains about 13.37% of its assets in cash |
1290 Multi Returns Distribution Density
The distribution of 1290 Multi's historical returns is an attempt to chart the uncertainty of 1290 Multi's future price movements. The chart of the probability distribution of 1290 Multi daily returns describes the distribution of returns around its average expected value. We use 1290 Multi Alternative Strategies price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of 1290 Multi returns is essential to provide solid investment advice for 1290 Multi.
| Mean Return | 0.05 | Value At Risk | -0.55 | Potential Upside | 0.55 | Standard Deviation | 0.35 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of 1290 Multi historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
1290 Multi Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to 1290 Multi or 1290 Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that 1290 Multi's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a 1290 fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.04 | |
β | Beta against NYSE Composite | -0.05 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | -0.11 |
1290 Multi Volatility Alert
1290 Multi Alternative Strategies exhibits very low volatility with skewness of -0.8 and kurtosis of 0.92. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure 1290 Multi's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact 1290 Multi's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.1290 Multi Fundamentals Vs Peers
Comparing 1290 Multi's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze 1290 Multi's direct or indirect competition across all of the common fundamentals between 1290 Multi and the related equities. This way, we can detect undervalued stocks with similar characteristics as 1290 Multi or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of 1290 Multi's fundamental indicators could also be used in its relative valuation, which is a method of valuing 1290 Multi by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare 1290 Multi to competition |
| Fundamentals | 1290 Multi | Peer Average |
| Price To Earning | 19.38 X | 6.53 X |
| Price To Book | 1.84 X | 0.74 X |
| Price To Sales | 1.55 X | 0.61 X |
| Annual Yield | 0.03 % | 0.29 % |
| Year To Date Return | 3.64 % | 0.39 % |
| One Year Return | 8.12 % | 4.15 % |
| Three Year Return | (0.91) % | 3.60 % |
| Five Year Return | 1.44 % | 3.24 % |
| Net Asset | 13.69 M | 4.11 B |
| Last Dividend Paid | 0.08 | 0.65 |
| Cash Position Weight | 13.37 % | 10.61 % |
| Equity Positions Weight | 40.16 % | 63.90 % |
| Bond Positions Weight | 0.05 % | 11.24 % |
1290 Multi Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as 1290 . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 8.97 | |||
| Day Typical Price | 8.97 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 |
About 1290 Multi Buy or Sell Advice
When is the right time to buy or sell 1290 Multi Alternative Strategies? Buying financial instruments such as 1290 Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having 1290 Multi in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out 1290 Multi Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.