1290 Multi Alternative Strategies Fund Market Value
| TNMRX Fund | USD 8.93 0.02 0.22% |
| Symbol | 1290 |
1290 Multi '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 Multi'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 Multi.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in 1290 Multi on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding 1290 Multi Alternative Strategies or generate 0.0% return on investment in 1290 Multi over 30 days. 1290 Multi is related to or competes with 1290 Smartbeta, 1290 Smartbeta, 1290 Smartbeta, 1290 Smartbeta, 1290 Retirement, 1290 High, and 1290 High. The fund pursues its investment objective by investing in exchange-traded securities of other investment companies or in... More
1290 Multi 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 Multi'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 Multi Alternative Strategies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4896 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 1.78 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.5599 |
1290 Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1290 Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1290 Multi's standard deviation. In reality, there are many statistical measures that can use 1290 Multi historical prices to predict the future 1290 Multi's volatility.| Risk Adjusted Performance | 0.0532 | |||
| Jensen Alpha | 0.0045 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0551 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 1290 Multi'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 Multi Alternative Backtested Returns
We consider 1290 Multi very steady. 1290 Multi Alternative retains Efficiency (Sharpe Ratio) of 0.13, which signifies that the fund had a 0.13% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 1290 Multi, which you can use to evaluate the volatility of the entity. Please confirm 1290 Multi's Coefficient Of Variation of 1063.83, standard deviation of 0.3724, and Market Risk Adjusted Performance of 0.0651 to double-check if the risk estimate we provide is consistent with the expected return of 0.0483%. The entity owns a Beta (Systematic Risk) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 1290 Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding 1290 Multi is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
1290 Multi Alternative Strategies has good predictability. Overlapping area represents the amount of predictability between 1290 Multi time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd 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 Multi Alternative price movement. The serial correlation of 0.72 indicates that around 72.0% of current 1290 Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
1290 Multi Alternative lagged returns against current returns
Autocorrelation, which is 1290 Multi 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 Multi's mutual fund expected returns. We can calculate the autocorrelation of 1290 Multi returns to help us make a trade decision. For example, suppose you find that 1290 Multi 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 Multi 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 Multi mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1290 Multi 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 Multi mutual fund over time.
Current vs Lagged Prices |
| Timeline |
1290 Multi Lagged Returns
When evaluating 1290 Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1290 Multi mutual fund have on its future price. 1290 Multi 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 Multi autocorrelation shows the relationship between 1290 Multi mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 1290 Multi Alternative Strategies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out 1290 Multi Correlation, 1290 Multi Volatility and 1290 Multi Alpha and Beta module to complement your research on 1290 Multi. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
1290 Multi 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.