1290 Smartbeta Equity Fund Market Value
| TNBCX Fund | USD 17.44 0.14 0.80% |
| Symbol | 1290 |
1290 Smartbeta '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 1290 Smartbeta'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 1290 Smartbeta.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in 1290 Smartbeta on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding 1290 Smartbeta Equity or generate 0.0% return on investment in 1290 Smartbeta over 30 days. 1290 Smartbeta is related to or competes with 1290 Unconstrained, 1290 High, 1290 Gamco, and 1290 Smartbeta. Under normal market conditions, the fund invests at least 80 percent of its net assets, plus borrowings for investment p... More
1290 Smartbeta 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 1290 Smartbeta'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 1290 Smartbeta Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6506 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.22 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 0.9844 |
1290 Smartbeta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1290 Smartbeta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1290 Smartbeta's standard deviation. In reality, there are many statistical measures that can use 1290 Smartbeta historical prices to predict the future 1290 Smartbeta's volatility.| Risk Adjusted Performance | 0.0601 | |||
| Jensen Alpha | 0.0416 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.4616 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 1290 Smartbeta'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.
1290 Smartbeta Equity Backtested Returns
We consider 1290 Smartbeta very steady. 1290 Smartbeta Equity retains Efficiency (Sharpe Ratio) of 0.0608, which signifies that the fund had a 0.0608% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for 1290 Smartbeta, which you can use to evaluate the volatility of the entity. Please confirm 1290 Smartbeta's Market Risk Adjusted Performance of 0.4716, standard deviation of 0.6046, and Coefficient Of Variation of 1034.06 to double-check if the risk estimate we provide is consistent with the expected return of 0.0364%. The entity owns a Beta (Systematic Risk) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 1290 Smartbeta's returns are expected to increase less than the market. However, during the bear market, the loss of holding 1290 Smartbeta is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
1290 Smartbeta Equity has poor reverse predictability. Overlapping area represents the amount of predictability between 1290 Smartbeta time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th 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 1290 Smartbeta Equity price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current 1290 Smartbeta price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
1290 Smartbeta Equity lagged returns against current returns
Autocorrelation, which is 1290 Smartbeta 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 1290 Smartbeta's mutual fund expected returns. We can calculate the autocorrelation of 1290 Smartbeta returns to help us make a trade decision. For example, suppose you find that 1290 Smartbeta 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 |
1290 Smartbeta 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 1290 Smartbeta mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1290 Smartbeta mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1290 Smartbeta mutual fund over time.
Current vs Lagged Prices |
| Timeline |
1290 Smartbeta Lagged Returns
When evaluating 1290 Smartbeta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1290 Smartbeta mutual fund have on its future price. 1290 Smartbeta 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, 1290 Smartbeta autocorrelation shows the relationship between 1290 Smartbeta mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 1290 Smartbeta Equity.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 1290 Smartbeta in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 1290 Smartbeta's short interest history, or implied volatility extrapolated from 1290 Smartbeta options trading.
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Check out 1290 Smartbeta Correlation, 1290 Smartbeta Volatility and 1290 Smartbeta Alpha and Beta module to complement your research on 1290 Smartbeta. Note that the 1290 Smartbeta Equity information on this page should be used as a complementary analysis to other 1290 Smartbeta'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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
1290 Smartbeta 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.