Retiresmart 2060 Fd Fund Market Value
| MMWHX Fund | USD 9.39 0.10 1.08% |
| Symbol | Retiresmart |
Retiresmart 2060 '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 Retiresmart 2060'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 Retiresmart 2060.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Retiresmart 2060 on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Retiresmart 2060 Fd or generate 0.0% return on investment in Retiresmart 2060 over 30 days. Retiresmart 2060 is related to or competes with American Funds, American Funds, American Funds, Fidelity Freedom, Fidelity Freedom, and Blackrock Lifepath. The fund is a fund of funds that seeks to achieve its investment objective by investing in a combination of U.S More
Retiresmart 2060 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 Retiresmart 2060'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 Retiresmart 2060 Fd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6645 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.76 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 0.9858 |
Retiresmart 2060 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Retiresmart 2060's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Retiresmart 2060's standard deviation. In reality, there are many statistical measures that can use Retiresmart 2060 historical prices to predict the future Retiresmart 2060's volatility.| Risk Adjusted Performance | 0.0674 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0613 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Retiresmart 2060'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.
Retiresmart 2060 Backtested Returns
We consider Retiresmart 2060 very steady. Retiresmart 2060 maintains Sharpe Ratio (i.e., Efficiency) of 0.086, which implies the entity had a 0.086% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Retiresmart 2060, which you can use to evaluate the volatility of the fund. Please check Retiresmart 2060's Semi Deviation of 0.5588, risk adjusted performance of 0.0674, and Coefficient Of Variation of 922.36 to confirm if the risk estimate we provide is consistent with the expected return of 0.0535%. The fund holds a Beta of 0.92, which implies possible diversification benefits within a given portfolio. Retiresmart 2060 returns are very sensitive to returns on the market. As the market goes up or down, Retiresmart 2060 is expected to follow.
Auto-correlation | 0.43 |
Average predictability
Retiresmart 2060 Fd has average predictability. Overlapping area represents the amount of predictability between Retiresmart 2060 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 Retiresmart 2060 price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Retiresmart 2060 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Retiresmart 2060 lagged returns against current returns
Autocorrelation, which is Retiresmart 2060 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 Retiresmart 2060's mutual fund expected returns. We can calculate the autocorrelation of Retiresmart 2060 returns to help us make a trade decision. For example, suppose you find that Retiresmart 2060 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 |
Retiresmart 2060 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 Retiresmart 2060 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Retiresmart 2060 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Retiresmart 2060 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Retiresmart 2060 Lagged Returns
When evaluating Retiresmart 2060's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Retiresmart 2060 mutual fund have on its future price. Retiresmart 2060 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, Retiresmart 2060 autocorrelation shows the relationship between Retiresmart 2060 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Retiresmart 2060 Fd.
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 Retiresmart 2060 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, Retiresmart 2060's short interest history, or implied volatility extrapolated from Retiresmart 2060 options trading.
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Try AI Portfolio ArchitectCheck out Retiresmart 2060 Correlation, Retiresmart 2060 Volatility and Retiresmart 2060 Alpha and Beta module to complement your research on Retiresmart 2060. Note that the Retiresmart 2060 information on this page should be used as a complementary analysis to other Retiresmart 2060'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Retiresmart 2060 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.