Tiaa Cref Smallmid Cap Equity Fund Market Value
| TSMWX Fund | USD 14.42 0.29 2.05% |
| Symbol | Tiaa-cref |
Tiaa-cref Small/mid-cap '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 Tiaa-cref Small/mid-cap'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 Tiaa-cref Small/mid-cap.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Tiaa-cref Small/mid-cap on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Tiaa Cref Smallmid Cap Equity or generate 0.0% return on investment in Tiaa-cref Small/mid-cap over 30 days. Tiaa-cref Small/mid-cap is related to or competes with T Rowe, Morningstar Unconstrained, and SPACE. Under normal circumstances, the fund invests at least 80 percent of its assets in small-cap and mid-cap equity securitie... More
Tiaa-cref Small/mid-cap 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 Tiaa-cref Small/mid-cap'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 Tiaa Cref Smallmid Cap Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | 0.0012 | |||
| Maximum Drawdown | 4.5 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.73 |
Tiaa-cref Small/mid-cap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tiaa-cref Small/mid-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tiaa-cref Small/mid-cap's standard deviation. In reality, there are many statistical measures that can use Tiaa-cref Small/mid-cap historical prices to predict the future Tiaa-cref Small/mid-cap's volatility.| Risk Adjusted Performance | 0.0608 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0011 | |||
| Treynor Ratio | 0.0568 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tiaa-cref Small/mid-cap'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.
Tiaa-cref Small/mid-cap Backtested Returns
We consider Tiaa-cref Small/mid-cap very steady. Tiaa-cref Small/mid-cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0754, which indicates the fund had a 0.0754% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tiaa Cref Smallmid Cap Equity, which you can use to evaluate the volatility of the fund. Please validate Tiaa-cref Small/mid-cap's Semi Deviation of 0.9681, risk adjusted performance of 0.0608, and Coefficient Of Variation of 1100.83 to confirm if the risk estimate we provide is consistent with the expected return of 0.0799%. The entity has a beta of 1.52, which indicates 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, Tiaa-cref Small/mid-cap will likely underperform.
Auto-correlation | 0.11 |
Insignificant predictability
Tiaa Cref Smallmid Cap Equity has insignificant predictability. Overlapping area represents the amount of predictability between Tiaa-cref Small/mid-cap 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 Tiaa-cref Small/mid-cap price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Tiaa-cref Small/mid-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Tiaa-cref Small/mid-cap lagged returns against current returns
Autocorrelation, which is Tiaa-cref Small/mid-cap 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 Tiaa-cref Small/mid-cap's mutual fund expected returns. We can calculate the autocorrelation of Tiaa-cref Small/mid-cap returns to help us make a trade decision. For example, suppose you find that Tiaa-cref Small/mid-cap 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 |
Tiaa-cref Small/mid-cap 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 Tiaa-cref Small/mid-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tiaa-cref Small/mid-cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tiaa-cref Small/mid-cap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tiaa-cref Small/mid-cap Lagged Returns
When evaluating Tiaa-cref Small/mid-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tiaa-cref Small/mid-cap mutual fund have on its future price. Tiaa-cref Small/mid-cap 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, Tiaa-cref Small/mid-cap autocorrelation shows the relationship between Tiaa-cref Small/mid-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tiaa Cref Smallmid Cap Equity.
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 Tiaa-cref Small/mid-cap 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, Tiaa-cref Small/mid-cap's short interest history, or implied volatility extrapolated from Tiaa-cref Small/mid-cap options trading.
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Check out Tiaa-cref Small/mid-cap Correlation, Tiaa-cref Small/mid-cap Volatility and Tiaa-cref Small/mid-cap Alpha and Beta module to complement your research on Tiaa-cref Small/mid-cap. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Tiaa-cref Small/mid-cap 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.