Tweedy Browne Global Fund Market Value
| TBGVX Fund | USD 28.78 0.05 0.17% |
| Symbol | Tweedy |
Tweedy Browne '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 Tweedy Browne'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 Tweedy Browne.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Tweedy Browne on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Tweedy Browne Global or generate 0.0% return on investment in Tweedy Browne over 30 days. Tweedy Browne is related to or competes with Tweedy Browne, Longleaf Partners, Third Avenue, Clipper Fund, and Artisan International. The fund invests primarily in foreign equity securities that the adviser believes are undervalued but may invest in U.S More
Tweedy Browne 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 Tweedy Browne'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 Tweedy Browne Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4708 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 1.85 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.6939 |
Tweedy Browne Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tweedy Browne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tweedy Browne's standard deviation. In reality, there are many statistical measures that can use Tweedy Browne historical prices to predict the future Tweedy Browne's volatility.| Risk Adjusted Performance | 0.1319 | |||
| Jensen Alpha | 0.0436 | |||
| Total Risk Alpha | 0.0243 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1848 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tweedy Browne'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.
Tweedy Browne Global Backtested Returns
We consider Tweedy Browne very steady. Tweedy Browne Global owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tweedy Browne Global, which you can use to evaluate the volatility of the fund. Please validate Tweedy Browne's Risk Adjusted Performance of 0.1319, coefficient of variation of 455.57, and Semi Deviation of 0.218 to confirm if the risk estimate we provide is consistent with the expected return of 0.08%. The entity has a beta of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tweedy Browne's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tweedy Browne is expected to be smaller as well.
Auto-correlation | 0.06 |
Virtually no predictability
Tweedy Browne Global has virtually no predictability. Overlapping area represents the amount of predictability between Tweedy Browne time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Tweedy Browne Global price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Tweedy Browne price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Tweedy Browne Global lagged returns against current returns
Autocorrelation, which is Tweedy Browne 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 Tweedy Browne's mutual fund expected returns. We can calculate the autocorrelation of Tweedy Browne returns to help us make a trade decision. For example, suppose you find that Tweedy Browne 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 |
Tweedy Browne 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 Tweedy Browne mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tweedy Browne mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tweedy Browne mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tweedy Browne Lagged Returns
When evaluating Tweedy Browne's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tweedy Browne mutual fund have on its future price. Tweedy Browne 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, Tweedy Browne autocorrelation shows the relationship between Tweedy Browne mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tweedy Browne Global.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Tweedy Browne Correlation, Tweedy Browne Volatility and Tweedy Browne Alpha and Beta module to complement your research on Tweedy Browne. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Tweedy Browne 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.