Target Managed Allocation Fund Market Value
| UTMAX Fund | USD 9.93 0.07 0.70% |
| Symbol | Target |
Target Managed '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 Target Managed'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 Target Managed.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Target Managed on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Target Managed Allocation or generate 0.0% return on investment in Target Managed over 30 days. Target Managed is related to or competes with Capital Growth, Emerging Markets, High Income, International Fund, Growth Income, Government Securities, and Growth Fund. The fund invests primarily in U.S. andor foreign equity securities, fixed-income securities, and real estate securities,... More
Target Managed 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 Target Managed'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 Target Managed Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 2.81 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.892 |
Target Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Target Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Target Managed's standard deviation. In reality, there are many statistical measures that can use Target Managed historical prices to predict the future Target Managed's volatility.| Risk Adjusted Performance | 0.0657 | |||
| Jensen Alpha | 0.057 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 6.12 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Target Managed'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.
Target Managed Allocation Backtested Returns
We consider Target Managed very steady. Target Managed Allocation owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0944, which indicates the fund had a 0.0944% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Target Managed Allocation, which you can use to evaluate the volatility of the fund. Please validate Target Managed's Semi Deviation of 0.5457, coefficient of variation of 945.07, and Risk Adjusted Performance of 0.0657 to confirm if the risk estimate we provide is consistent with the expected return of 0.0599%. The entity has a beta of 0.0094, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Target Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Target Managed is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
Target Managed Allocation has modest predictability. Overlapping area represents the amount of predictability between Target Managed time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Target Managed Allocation price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Target Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Target Managed Allocation lagged returns against current returns
Autocorrelation, which is Target Managed 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 Target Managed's mutual fund expected returns. We can calculate the autocorrelation of Target Managed returns to help us make a trade decision. For example, suppose you find that Target Managed 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 |
Target Managed 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 Target Managed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Target Managed mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Target Managed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Target Managed Lagged Returns
When evaluating Target Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Target Managed mutual fund have on its future price. Target Managed 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, Target Managed autocorrelation shows the relationship between Target Managed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Target Managed Allocation.
Regressed Prices |
| Timeline |
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 Target Managed Correlation, Target Managed Volatility and Target Managed Alpha and Beta module to complement your research on Target Managed. Note that the Target Managed Allocation information on this page should be used as a complementary analysis to other Target Managed'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.
Target Managed 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.