1290 Gamco Smallmid Fund Market Value
| TNVCX Fund | USD 17.11 0.01 0.06% |
| Symbol | 1290 |
1290 Gamco '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 1290 Gamco'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 1290 Gamco.
| 07/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in 1290 Gamco on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding 1290 Gamco Smallmid or generate 0.0% return on investment in 1290 Gamco over 660 days. 1290 Gamco is related to or competes with Vanguard Small, Vanguard Small-cap, and Us Small. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus borrowings for investment purpo... More
1290 Gamco 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 1290 Gamco'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 1290 Gamco Smallmid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.71 |
1290 Gamco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1290 Gamco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1290 Gamco's standard deviation. In reality, there are many statistical measures that can use 1290 Gamco historical prices to predict the future 1290 Gamco's volatility.| Risk Adjusted Performance | 0.0483 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.049 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 1290 Gamco'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.
1290 Gamco Smallmid Backtested Returns
We consider 1290 Gamco very steady. 1290 Gamco Smallmid retains Efficiency (Sharpe Ratio) of 0.0429, which signifies that the fund had a 0.0429% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for 1290 Gamco, which you can use to evaluate the volatility of the entity. Please confirm 1290 Gamco's Market Risk Adjusted Performance of 0.059, standard deviation of 1.06, and Coefficient Of Variation of 1411.69 to double-check if the risk estimate we provide is consistent with the expected return of 0.0449%. The entity owns a Beta (Systematic Risk) of 1.34, which signifies 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, 1290 Gamco will likely underperform.
Auto-correlation | 0.39 |
Below average predictability
1290 Gamco Smallmid has below average predictability. Overlapping area represents the amount of predictability between 1290 Gamco time series from 4th of July 2022 to 30th of May 2023 and 30th of May 2023 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 1290 Gamco Smallmid price movement. The serial correlation of 0.39 indicates that just about 39.0% of current 1290 Gamco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
1290 Gamco Smallmid lagged returns against current returns
Autocorrelation, which is 1290 Gamco 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 1290 Gamco's mutual fund expected returns. We can calculate the autocorrelation of 1290 Gamco returns to help us make a trade decision. For example, suppose you find that 1290 Gamco 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 |
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1290 Gamco 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 1290 Gamco mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1290 Gamco mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1290 Gamco mutual fund over time.
Current vs Lagged Prices |
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1290 Gamco Lagged Returns
When evaluating 1290 Gamco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1290 Gamco mutual fund have on its future price. 1290 Gamco 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, 1290 Gamco autocorrelation shows the relationship between 1290 Gamco mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 1290 Gamco Smallmid.
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 1290 Gamco 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, 1290 Gamco's short interest history, or implied volatility extrapolated from 1290 Gamco options trading.
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Check out 1290 Gamco Correlation, 1290 Gamco Volatility and 1290 Gamco Alpha and Beta module to complement your research on 1290 Gamco. Note that the 1290 Gamco Smallmid information on this page should be used as a complementary analysis to other 1290 Gamco's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
1290 Gamco 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.