Tax Managed International Equity Fund Market Value
| RTIUX Fund | USD 11.35 0.10 0.89% |
| Symbol | Tax-managed |
Tax-managed International '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 Tax-managed International'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 Tax-managed International.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Tax-managed International on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Tax Managed International Equity or generate 0.0% return on investment in Tax-managed International over 30 days. Tax-managed International is related to or competes with Global Real, Global Real, Global Real, Global Real, Global Real, Growth Strategy, and Growth Strategy. The fund has a non-fundamental policy to invest, under normal circumstances, at least 80 percent of the value of its net... More
Tax-managed International 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 Tax-managed International'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 Tax Managed International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6208 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.71 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 0.9813 |
Tax-managed International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tax-managed International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tax-managed International's standard deviation. In reality, there are many statistical measures that can use Tax-managed International historical prices to predict the future Tax-managed International's volatility.| Risk Adjusted Performance | 0.0692 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0718 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tax-managed International'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.
Tax-managed International Backtested Returns
We consider Tax-managed International very steady. Tax-managed International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0962, which indicates the fund had a 0.0962% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tax Managed International Equity, which you can use to evaluate the volatility of the fund. Please validate Tax-managed International's Risk Adjusted Performance of 0.0692, coefficient of variation of 883.33, and Semi Deviation of 0.5047 to confirm if the risk estimate we provide is consistent with the expected return of 0.0582%. The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tax-managed International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tax-managed International is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
Tax Managed International Equity has virtually no predictability. Overlapping area represents the amount of predictability between Tax-managed International 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 Tax-managed International price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Tax-managed International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Tax-managed International lagged returns against current returns
Autocorrelation, which is Tax-managed International 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 Tax-managed International's mutual fund expected returns. We can calculate the autocorrelation of Tax-managed International returns to help us make a trade decision. For example, suppose you find that Tax-managed International 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 |
Tax-managed International 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 Tax-managed International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tax-managed International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tax-managed International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tax-managed International Lagged Returns
When evaluating Tax-managed International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tax-managed International mutual fund have on its future price. Tax-managed International 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, Tax-managed International autocorrelation shows the relationship between Tax-managed International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tax Managed International Equity.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Tax-managed International Correlation, Tax-managed International Volatility and Tax-managed International Alpha and Beta module to complement your research on Tax-managed International. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Tax-managed International 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.