Target 2040 Fund Market Value
| TRXRX Fund | USD 17.81 0.23 1.31% |
| Symbol | Target |
Target 2040 '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 2040'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 2040.
| 05/26/2025 |
| 08/24/2025 |
If you would invest 0.00 in Target 2040 on May 26, 2025 and sell it all today you would earn a total of 0.00 from holding Target 2040 Fund or generate 0.0% return on investment in Target 2040 over 90 days. Target 2040 is related to or competes with Rational/pier, Calamos Dynamic, Lord Abbett, Putnam Convertible, and Absolute Convertible. The fund pursues its objective by investing in a diversified portfolio of other T More
Target 2040 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 2040'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 2040 Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4897 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.21 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.9473 |
Target 2040 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Target 2040's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Target 2040's standard deviation. In reality, there are many statistical measures that can use Target 2040 historical prices to predict the future Target 2040's volatility.| Risk Adjusted Performance | 0.1378 | |||
| Jensen Alpha | 0.0265 | |||
| Total Risk Alpha | 0.0217 | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1389 |
Target 2040 Fund Backtested Returns
At this stage we consider Target Mutual Fund to be very steady. Target 2040 Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the fund had a 0.22 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Target 2040 Fund, which you can use to evaluate the volatility of the fund. Please validate Target 2040's Coefficient Of Variation of 515.1, semi deviation of 0.2646, and Risk Adjusted Performance of 0.1378 to confirm if the risk estimate we provide is consistent with the expected return of 0.0984%. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Target 2040's returns are expected to increase less than the market. However, during the bear market, the loss of holding Target 2040 is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Target 2040 Fund has very good predictability. Overlapping area represents the amount of predictability between Target 2040 time series from 26th of May 2025 to 10th of July 2025 and 10th of July 2025 to 24th of August 2025. 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 2040 Fund price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Target 2040 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Target 2040 Fund lagged returns against current returns
Autocorrelation, which is Target 2040 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 2040's mutual fund expected returns. We can calculate the autocorrelation of Target 2040 returns to help us make a trade decision. For example, suppose you find that Target 2040 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 2040 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 2040 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Target 2040 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 2040 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Target 2040 Lagged Returns
When evaluating Target 2040's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Target 2040 mutual fund have on its future price. Target 2040 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 2040 autocorrelation shows the relationship between Target 2040 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Target 2040 Fund.
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.Other Information on Investing in Target Mutual Fund
Target 2040 financial ratios help investors to determine whether Target Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Target with respect to the benefits of owning Target 2040 security.
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