Tcw Relative Value Fund Market Value
| TGDIX Fund | USD 14.76 0.03 0.20% |
| Symbol | Tcw |
Tcw Relative '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 Tcw Relative'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 Tcw Relative.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Tcw Relative on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Tcw Relative Value or generate 0.0% return on investment in Tcw Relative over 30 days. Tcw Relative is related to or competes with Tcw Enhanced, Tcw Select, Tcw Select, Tcw E, Tcw Core, Tcw Artificial, and Tcw E. Under normal circumstances, the fund invests at least 80 percent of the value of its net assets, plus any borrowings for... More
Tcw Relative 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 Tcw Relative'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 Tcw Relative Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7262 | |||
| Information Ratio | 0.0078 | |||
| Maximum Drawdown | 2.95 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.06 |
Tcw Relative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tcw Relative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tcw Relative's standard deviation. In reality, there are many statistical measures that can use Tcw Relative historical prices to predict the future Tcw Relative's volatility.| Risk Adjusted Performance | 0.0683 | |||
| Jensen Alpha | 0.0627 | |||
| Total Risk Alpha | (0.0003) | |||
| Sortino Ratio | 0.0073 | |||
| Treynor Ratio | 3.24 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tcw Relative'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.
Tcw Relative Value Backtested Returns
We consider Tcw Relative very steady. Tcw Relative Value owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tcw Relative Value, which you can use to evaluate the volatility of the fund. Please validate Tcw Relative's Risk Adjusted Performance of 0.0683, coefficient of variation of 916.92, and Semi Deviation of 0.5963 to confirm if the risk estimate we provide is consistent with the expected return of 0.0739%. The entity has a beta of 0.0197, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tcw Relative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tcw Relative is expected to be smaller as well.
Auto-correlation | 0.07 |
Virtually no predictability
Tcw Relative Value has virtually no predictability. Overlapping area represents the amount of predictability between Tcw Relative 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 Tcw Relative Value price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Tcw Relative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Tcw Relative Value lagged returns against current returns
Autocorrelation, which is Tcw Relative 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 Tcw Relative's mutual fund expected returns. We can calculate the autocorrelation of Tcw Relative returns to help us make a trade decision. For example, suppose you find that Tcw Relative 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 |
Tcw Relative 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 Tcw Relative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tcw Relative mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tcw Relative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tcw Relative Lagged Returns
When evaluating Tcw Relative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tcw Relative mutual fund have on its future price. Tcw Relative 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, Tcw Relative autocorrelation shows the relationship between Tcw Relative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tcw Relative Value.
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 Tcw Relative 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, Tcw Relative's short interest history, or implied volatility extrapolated from Tcw Relative options trading.
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Check out Tcw Relative Correlation, Tcw Relative Volatility and Tcw Relative Alpha and Beta module to complement your research on Tcw Relative. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Tcw Relative 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.