Tax Managed Large Cap Fund Market Value
| RTLCX Fund | USD 68.22 0.12 0.18% |
| Symbol | Tax |
Tax Managed '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'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.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Tax Managed on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Tax Managed Large Cap or generate 0.0% return on investment in Tax Managed over 330 days. Tax Managed is related to or competes with Vanguard Total, and Vanguard 500. 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 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'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7154 | |||
| Information Ratio | 0.0366 | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.12 |
Tax Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tax Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tax Managed's standard deviation. In reality, there are many statistical measures that can use Tax Managed historical prices to predict the future Tax Managed's volatility.| Risk Adjusted Performance | 0.0736 | |||
| Jensen Alpha | 0.0278 | |||
| Total Risk Alpha | 0.0203 | |||
| Sortino Ratio | 0.0363 | |||
| Treynor Ratio | 0.0745 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tax Managed'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 Large Backtested Returns
We consider Tax Managed very steady. Tax Managed Large owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0939, which indicates the fund had a 0.0939% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tax Managed Large Cap, which you can use to evaluate the volatility of the fund. Please validate Tax Managed's Semi Deviation of 0.5709, risk adjusted performance of 0.0736, and Coefficient Of Variation of 870.15 to confirm if the risk estimate we provide is consistent with the expected return of 0.0658%. The entity has a beta of 0.96, which indicates possible diversification benefits within a given portfolio. Tax Managed returns are very sensitive to returns on the market. As the market goes up or down, Tax Managed is expected to follow.
Auto-correlation | 0.01 |
Virtually no predictability
Tax Managed Large Cap has virtually no predictability. Overlapping area represents the amount of predictability between Tax Managed time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th 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 Large price movement. The serial correlation of 0.01 indicates that just 1.0% of current Tax Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 11.66 |
Tax Managed Large lagged returns against current returns
Autocorrelation, which is Tax Managed 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's mutual fund expected returns. We can calculate the autocorrelation of Tax Managed returns to help us make a trade decision. For example, suppose you find that Tax Managed 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tax Managed 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tax Managed Lagged Returns
When evaluating Tax Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tax Managed mutual fund have on its future price. Tax Managed 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 autocorrelation shows the relationship between Tax Managed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tax Managed Large Cap.
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 Tax Managed 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, Tax Managed's short interest history, or implied volatility extrapolated from Tax Managed options trading.
Currently Active Assets on Macroaxis
Check out Tax Managed Correlation, Tax Managed Volatility and Tax Managed Alpha and Beta module to complement your research on Tax Managed. Note that the Tax Managed Large information on this page should be used as a complementary analysis to other Tax Managed'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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Tax Managed 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.