Tcw Relative Value Fund Market Value

TGVOX Fund  USD 29.15  0.18  0.62%   
Tcw Relative's market value is the price at which a share of Tcw Relative trades on a public exchange. It measures the collective expectations of Tcw Relative Value investors about its performance. Tcw Relative is trading at 29.15 as of the 29th of March 2024; that is 0.62 percent increase since the beginning of the trading day. The fund's open price was 28.97.
With this module, you can estimate the performance of a buy and hold strategy of Tcw Relative Value and determine expected loss or profit from investing in Tcw Relative over a given investment horizon. Check out Tcw Relative Correlation, Tcw Relative Volatility and Tcw Relative Alpha and Beta module to complement your research on Tcw Relative.
Symbol

Please note, there is a significant difference between Tcw Relative's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tcw Relative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tcw Relative's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
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.

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.
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.
Hype
Prediction
LowEstimatedHigh
25.4626.1626.86
Details
Intrinsic
Valuation
LowRealHigh
23.1123.8128.78
Details
Naive
Forecast
LowNextHigh
28.7929.4930.18
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.9728.0629.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tcw Relative. Your research has to be compared to or analyzed against Tcw Relative's peers to derive any actionable benefits. When done correctly, Tcw Relative's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tcw Relative Value.

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 Coefficient0.28
Spearman Rank Test0.25
Residual Average0.0
Price Variance2.74

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  

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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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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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.
A focus of Tcw Relative technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tcw Relative trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...