Tanaka Growth Fund Market Value
| TGFRX Fund | USD 41.01 0.27 0.66% |
| Symbol | Tanaka |
Tanaka Growth '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 Tanaka Growth'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 Tanaka Growth.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Tanaka Growth on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Tanaka Growth Fund or generate 0.0% return on investment in Tanaka Growth over 30 days. Tanaka Growth is related to or competes with Jacob Micro, Jacob Small, Touchstone Focused, Schwartz Value, and Oberweis Micro. The fund invests primarily in common stocks and other equity securities of small, medium and large capitalization compan... More
Tanaka Growth 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 Tanaka Growth'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 Tanaka Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.11 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.2 |
Tanaka Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tanaka Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tanaka Growth's standard deviation. In reality, there are many statistical measures that can use Tanaka Growth historical prices to predict the future Tanaka Growth's volatility.| Risk Adjusted Performance | 0.0247 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0241 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tanaka Growth'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.
Tanaka Growth Backtested Returns
Tanaka Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0028, which indicates the fund had a -0.0028% return per unit of risk over the last 3 months. Tanaka Growth Fund exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tanaka Growth's Semi Deviation of 1.32, coefficient of variation of 3157.93, and Risk Adjusted Performance of 0.0247 to confirm the risk estimate we provide. The entity has a beta of 1.31, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tanaka Growth will likely underperform.
Auto-correlation | -0.07 |
Very weak reverse predictability
Tanaka Growth Fund has very weak reverse predictability. Overlapping area represents the amount of predictability between Tanaka Growth time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Tanaka Growth price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Tanaka Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Tanaka Growth lagged returns against current returns
Autocorrelation, which is Tanaka Growth 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 Tanaka Growth's mutual fund expected returns. We can calculate the autocorrelation of Tanaka Growth returns to help us make a trade decision. For example, suppose you find that Tanaka Growth 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 |
Tanaka Growth 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 Tanaka Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tanaka Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tanaka Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tanaka Growth Lagged Returns
When evaluating Tanaka Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tanaka Growth mutual fund have on its future price. Tanaka Growth 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, Tanaka Growth autocorrelation shows the relationship between Tanaka Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tanaka Growth Fund.
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 Tanaka Growth 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, Tanaka Growth's short interest history, or implied volatility extrapolated from Tanaka Growth options trading.
Currently Active Assets on Macroaxis
Check out Tanaka Growth Correlation, Tanaka Growth Volatility and Tanaka Growth Alpha and Beta module to complement your research on Tanaka Growth. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Tanaka Growth 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.