Target Retirement 2060 Fund Market Value
| URSIX Fund | USD 12.95 0.02 0.15% |
| Symbol | Target |
Target Retirement '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 Target Retirement'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 Target Retirement.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Target Retirement on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Target Retirement 2060 or generate 0.0% return on investment in Target Retirement over 30 days. Target Retirement is related to or competes with Income Fund, Usaa Nasdaq, Victory Diversified, Intermediate Term, Usaa Intermediate, Usaa Tax, and Victory Tax. The funds target asset allocation will consist of approximately 35 percent of the funds net assets allocated to equity i... More
Target Retirement 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 Target Retirement'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 Target Retirement 2060 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6299 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.74 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 0.9146 |
Target Retirement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Target Retirement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Target Retirement's standard deviation. In reality, there are many statistical measures that can use Target Retirement historical prices to predict the future Target Retirement's volatility.| Risk Adjusted Performance | 0.0605 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0533 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Target Retirement'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.
Target Retirement 2060 Backtested Returns
We consider Target Retirement very steady. Target Retirement 2060 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0745, which indicates the fund had a 0.0745% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Target Retirement 2060, which you can use to evaluate the volatility of the fund. Please validate Target Retirement's Coefficient Of Variation of 1017.37, semi deviation of 0.5441, and Risk Adjusted Performance of 0.0605 to confirm if the risk estimate we provide is consistent with the expected return of 0.044%. The entity has a beta of 0.92, which indicates possible diversification benefits within a given portfolio. Target Retirement returns are very sensitive to returns on the market. As the market goes up or down, Target Retirement is expected to follow.
Auto-correlation | 0.44 |
Average predictability
Target Retirement 2060 has average predictability. Overlapping area represents the amount of predictability between Target Retirement time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Target Retirement 2060 price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Target Retirement price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Target Retirement 2060 lagged returns against current returns
Autocorrelation, which is Target Retirement 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 Target Retirement's mutual fund expected returns. We can calculate the autocorrelation of Target Retirement returns to help us make a trade decision. For example, suppose you find that Target Retirement 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 |
Target Retirement 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 Target Retirement mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Target Retirement mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Target Retirement mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Target Retirement Lagged Returns
When evaluating Target Retirement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Target Retirement mutual fund have on its future price. Target Retirement 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, Target Retirement autocorrelation shows the relationship between Target Retirement mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Target Retirement 2060.
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 Target Retirement 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, Target Retirement's short interest history, or implied volatility extrapolated from Target Retirement options trading.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Target Retirement Correlation, Target Retirement Volatility and Target Retirement Alpha and Beta module to complement your research on Target Retirement. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Target Retirement 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.