Target 2005 Fund Market Value
| TFRRX Fund | USD 10.96 0.05 0.45% |
| Symbol | Target |
Target 2005 '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 Target 2005'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 Target 2005.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Target 2005 on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Target 2005 Fund or generate 0.0% return on investment in Target 2005 over 720 days. Target 2005 is related to or competes with T Rowe, T Rowe, T Rowe, T Rowe, T Rowe, Target 2030, and Maryland Tax-free. The fund pursues its objective by investing in a diversified portfolio of other T More
Target 2005 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 Target 2005'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 Target 2005 Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3579 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.4558 |
Target 2005 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Target 2005's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Target 2005's standard deviation. In reality, there are many statistical measures that can use Target 2005 historical prices to predict the future Target 2005's volatility.| Risk Adjusted Performance | 0.0458 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0397 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Target 2005'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.
Target 2005 Fund Backtested Returns
We consider Target 2005 very steady. Target 2005 Fund 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. We have found twenty-seven technical indicators for Target 2005 Fund, which you can use to evaluate the volatility of the fund. Please validate Target 2005's Risk Adjusted Performance of 0.0458, semi deviation of 0.2249, and Coefficient Of Variation of 1100.15 to confirm if the risk estimate we provide is consistent with the expected return of 0.0376%. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Target 2005's returns are expected to increase less than the market. However, during the bear market, the loss of holding Target 2005 is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
Target 2005 Fund has average predictability. Overlapping area represents the amount of predictability between Target 2005 time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th 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 Target 2005 Fund price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Target 2005 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Target 2005 Fund lagged returns against current returns
Autocorrelation, which is Target 2005 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 Target 2005's mutual fund expected returns. We can calculate the autocorrelation of Target 2005 returns to help us make a trade decision. For example, suppose you find that Target 2005 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 |
Target 2005 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 Target 2005 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Target 2005 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Target 2005 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Target 2005 Lagged Returns
When evaluating Target 2005's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Target 2005 mutual fund have on its future price. Target 2005 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, Target 2005 autocorrelation shows the relationship between Target 2005 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Target 2005 Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
| LTC | Litecoin | |
| STETH | Staked Ether | |
| LINK | Chainlink | |
| XLM | Stellar | |
| CRO | Cronos |
Check out Target 2005 Correlation, Target 2005 Volatility and Target 2005 Alpha and Beta module to complement your research on Target 2005. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Target 2005 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.