Tcw Relative Value Fund Market Value
TGVOX Fund | USD 29.15 0.18 0.62% |
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.
04/09/2022 |
| 03/29/2024 |
If you would invest 0.00 in Tcw Relative on April 9, 2022 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 720 days. Tcw Relative is related to or competes with Fidelity Low-priced, Fidelity Low, Vanguard Mid-cap, John Hancock, Vanguard Mid-cap, Jpmorgan Mid, and Jpmorgan Mid. 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 | 0.79 | |||
Information Ratio | 0.0333 | |||
Maximum Drawdown | 3.18 | |||
Value At Risk | (0.94) | |||
Potential Upside | 1.17 |
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 | 0.1295 | |||
Jensen Alpha | 0.0081 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | 0.0289 | |||
Treynor Ratio | 0.1321 |
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 0.23, which indicates the fund had a 0.23% 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 Semi Deviation of 0.5393, coefficient of variation of 435.52, and Risk Adjusted Performance of 0.1295 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The entity has a beta of 1.12, which indicates a somewhat significant risk relative to the market. Tcw Relative returns are very sensitive to returns on the market. As the market goes up or down, Tcw Relative is expected to follow.
Auto-correlation | 0.28 |
Poor predictability
Tcw Relative Value has poor predictability. Overlapping area represents the amount of predictability between Tcw Relative time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 0.28 indicates that nearly 28.0% of current Tcw Relative price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.28 | |
Spearman Rank Test | 0.25 | |
Residual Average | 0.0 | |
Price Variance | 2.74 |
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 |
Currently Active Assets on Macroaxis
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Tcw Mutual Fund analysis
When running Tcw Relative's price analysis, check to measure Tcw Relative's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tcw Relative is operating at the current time. Most of Tcw Relative's value examination focuses on studying past and present price action to predict the probability of Tcw Relative's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tcw Relative's price. Additionally, you may evaluate how the addition of Tcw Relative to your portfolios can decrease your overall portfolio volatility.
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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.