The Torray Fund Market Value
TORYX Fund | USD 53.43 0.15 0.28% |
Symbol | Torray |
Torray Fund '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 Torray Fund'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 Torray Fund.
03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Torray Fund on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding The Torray Fund or generate 0.0% return on investment in Torray Fund over 30 days. Torray Fund is related to or competes with Edgewood Growth, Hartford Schroders, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. The fund invests principally in common stock of large-capitalization domestic companies More
Torray Fund 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 Torray Fund'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 The Torray Fund upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.6146 | |||
Information Ratio | 0.0291 | |||
Maximum Drawdown | 2.94 | |||
Value At Risk | (1.09) | |||
Potential Upside | 1.07 |
Torray Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Torray Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Torray Fund's standard deviation. In reality, there are many statistical measures that can use Torray Fund historical prices to predict the future Torray Fund's volatility.Risk Adjusted Performance | 0.1154 | |||
Jensen Alpha | 0.0264 | |||
Total Risk Alpha | 0.0196 | |||
Sortino Ratio | 0.0288 | |||
Treynor Ratio | 0.1146 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Torray Fund'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.
Torray Fund Backtested Returns
We consider Torray Fund very steady. Torray Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for The Torray Fund, which you can use to evaluate the volatility of the fund. Please validate Torray Fund's Risk Adjusted Performance of 0.1154, coefficient of variation of 539.32, and Semi Deviation of 0.4476 to confirm if the risk estimate we provide is consistent with the expected return of 0.0889%. The entity has a beta of 0.9, which indicates possible diversification benefits within a given portfolio. Torray Fund returns are very sensitive to returns on the market. As the market goes up or down, Torray Fund is expected to follow.
Auto-correlation | -0.17 |
Insignificant reverse predictability
The Torray Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Torray Fund time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 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 Torray Fund price movement. The serial correlation of -0.17 indicates that over 17.0% of current Torray Fund price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.17 | |
Spearman Rank Test | 0.15 | |
Residual Average | 0.0 | |
Price Variance | 0.49 |
Torray Fund lagged returns against current returns
Autocorrelation, which is Torray Fund 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 Torray Fund's mutual fund expected returns. We can calculate the autocorrelation of Torray Fund returns to help us make a trade decision. For example, suppose you find that Torray Fund 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 |
Torray Fund 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 Torray Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Torray Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Torray Fund mutual fund over time.
Current vs Lagged Prices |
Timeline |
Torray Fund Lagged Returns
When evaluating Torray Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Torray Fund mutual fund have on its future price. Torray Fund 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, Torray Fund autocorrelation shows the relationship between Torray Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Torray Fund.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out Torray Fund Correlation, Torray Fund Volatility and Torray Fund Alpha and Beta module to complement your research on Torray Fund. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Torray Fund 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.