Tekla Life Sciences Fund Market Value
| XHQLX Fund | USD 15.33 0.16 1.05% |
| Symbol | Tekla |
Please note, there is a significant difference between Tekla Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tekla Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tekla Life'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.
Tekla Life '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 Tekla Life'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 Tekla Life.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Tekla Life on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Tekla Life Sciences or generate 0.0% return on investment in Tekla Life over 30 days. Tekla Life is related to or competes with Rbb Fund, Siit Small, Artisan Small, Lebenthal Lisanti, Glg Intl, Nt International, and Rbc Small. More
Tekla Life 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 Tekla Life'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 Tekla Life Sciences upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.6 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.14 |
Tekla Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tekla Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tekla Life's standard deviation. In reality, there are many statistical measures that can use Tekla Life historical prices to predict the future Tekla Life's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tekla Life'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.
Tekla Life Sciences Backtested Returns
Tekla Life Sciences owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the fund had a -0.13% return per unit of risk over the last 3 months. Tekla Life Sciences exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tekla Life's Variance of 0.7627, risk adjusted performance of (0.08), and Coefficient Of Variation of (793.74) to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tekla Life's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tekla Life is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
Tekla Life Sciences has good predictability. Overlapping area represents the amount of predictability between Tekla Life 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 Tekla Life Sciences price movement. The serial correlation of 0.68 indicates that around 68.0% of current Tekla Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Tekla Life Sciences lagged returns against current returns
Autocorrelation, which is Tekla Life 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 Tekla Life's mutual fund expected returns. We can calculate the autocorrelation of Tekla Life returns to help us make a trade decision. For example, suppose you find that Tekla Life 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 |
Tekla Life 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 Tekla Life mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tekla Life mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tekla Life mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tekla Life Lagged Returns
When evaluating Tekla Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tekla Life mutual fund have on its future price. Tekla Life 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, Tekla Life autocorrelation shows the relationship between Tekla Life mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tekla Life Sciences.
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 Tekla Life 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, Tekla Life's short interest history, or implied volatility extrapolated from Tekla Life options trading.
Also Currently Popular
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 Tekla Life Correlation, Tekla Life Volatility and Tekla Life Alpha and Beta module to complement your research on Tekla Life. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Tekla Life 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.