Towpath Technology Fund Market Value
| TOWTX Fund | USD 12.80 0.07 0.55% |
| Symbol | Towpath |
Towpath Technology '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 Towpath Technology'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 Towpath Technology.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Towpath Technology on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Towpath Technology or generate 0.0% return on investment in Towpath Technology over 30 days. Towpath Technology is related to or competes with VivoPower International, Exela Technologies, and Wetouch Technology. The adviser seeks to achieve the funds investment objective by investing primarily in U.S More
Towpath Technology 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 Towpath Technology'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 Towpath Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.07 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.14 |
Towpath Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Towpath Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Towpath Technology's standard deviation. In reality, there are many statistical measures that can use Towpath Technology historical prices to predict the future Towpath Technology's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Towpath Technology'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.
Towpath Technology Backtested Returns
Towpath Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0608, which indicates the fund had a -0.0608% return per unit of risk over the last 3 months. Towpath Technology exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Towpath Technology's Risk Adjusted Performance of 8.0E-4, coefficient of variation of (81,390), and Variance of 0.5363 to confirm the risk estimate we provide. The entity has a beta of 0.91, which indicates possible diversification benefits within a given portfolio. Towpath Technology returns are very sensitive to returns on the market. As the market goes up or down, Towpath Technology is expected to follow.
Auto-correlation | 0.41 |
Average predictability
Towpath Technology has average predictability. Overlapping area represents the amount of predictability between Towpath Technology 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 Towpath Technology price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Towpath Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Towpath Technology lagged returns against current returns
Autocorrelation, which is Towpath Technology 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 Towpath Technology's mutual fund expected returns. We can calculate the autocorrelation of Towpath Technology returns to help us make a trade decision. For example, suppose you find that Towpath Technology 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 |
Towpath Technology 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 Towpath Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Towpath Technology mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Towpath Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Towpath Technology Lagged Returns
When evaluating Towpath Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Towpath Technology mutual fund have on its future price. Towpath Technology 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, Towpath Technology autocorrelation shows the relationship between Towpath Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Towpath Technology.
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 Towpath Technology 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, Towpath Technology's short interest history, or implied volatility extrapolated from Towpath Technology options trading.
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Check out Towpath Technology Correlation, Towpath Technology Volatility and Towpath Technology Alpha and Beta module to complement your research on Towpath Technology. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Towpath Technology 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.