Toews Tactical Defensive Fund Market Value
TTDAX Fund | USD 10.22 0.01 0.1% |
Symbol | Toews |
Toews Tactical '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 Toews Tactical'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 Toews Tactical.
03/25/2023 |
| 03/19/2024 |
If you would invest 0.00 in Toews Tactical on March 25, 2023 and sell it all today you would earn a total of 0.00 from holding Toews Tactical Defensive or generate 0.0% return on investment in Toews Tactical over 360 days. Toews Tactical is related to or competes with State Farm, Toews Tactical, Toews Tactical, Toews Tactical, Toews Unconstrained, Technology Portfolio, and Janus Global. The funds adviser seeks to achieve the funds investment objective by investing primarily in derivative instruments inclu... More
Toews Tactical 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 Toews Tactical'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 Toews Tactical Defensive upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.8846 | |||
Information Ratio | (0.03) | |||
Maximum Drawdown | 4.8 | |||
Value At Risk | (1.41) | |||
Potential Upside | 1.5 |
Toews Tactical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toews Tactical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toews Tactical's standard deviation. In reality, there are many statistical measures that can use Toews Tactical historical prices to predict the future Toews Tactical's volatility.Risk Adjusted Performance | 0.0867 | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.08) | |||
Sortino Ratio | (0.03) | |||
Treynor Ratio | 0.0816 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Toews Tactical'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. Please use the tools below to analyze the current value of Toews Tactical in the context of predictive analytics.
Toews Tactical Defensive Backtested Returns
We consider Toews Tactical very steady. Toews Tactical Defensive owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.093, which indicates the fund had 0.093% return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Toews Tactical Defensive, which you can use to evaluate the future volatility of the fund. Please validate Toews Tactical's Coefficient Of Variation of 754.73, semi deviation of 0.7237, and Risk Adjusted Performance of 0.0867 to confirm if the risk estimate we provide is consistent with the expected return of 0.0767%. The entity has a beta of 1.32, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Toews Tactical will likely underperform. By inspecting Toews Tactical Defensive technical indicators, you can presently evaluate if the expected return of 0.0767% will be sustainable into the future.
Auto-correlation | 0.34 |
Below average predictability
Toews Tactical Defensive has below average predictability. Overlapping area represents the amount of predictability between Toews Tactical time series from 25th of March 2023 to 21st of September 2023 and 21st of September 2023 to 19th of March 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 Toews Tactical Defensive price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Toews Tactical price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.34 | |
Spearman Rank Test | 0.29 | |
Residual Average | 0.0 | |
Price Variance | 0.34 |
Toews Tactical Defensive lagged returns against current returns
Autocorrelation, which is Toews Tactical 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 Toews Tactical's mutual fund expected returns. We can calculate the autocorrelation of Toews Tactical returns to help us make a trade decision. For example, suppose you find that Toews Tactical mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Toews Tactical 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 Toews Tactical mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toews Tactical mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toews Tactical mutual fund over time.
Current vs Lagged Prices |
Timeline |
Toews Tactical Lagged Returns
When evaluating Toews Tactical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toews Tactical mutual fund have on its future price. Toews Tactical 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, Toews Tactical autocorrelation shows the relationship between Toews Tactical mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Toews Tactical Defensive.
Regressed Prices |
Timeline |
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Check out Toews Tactical Correlation, Toews Tactical Volatility and Toews Tactical Alpha and Beta module to complement your research on Toews Tactical. Note that the Toews Tactical Defensive information on this page should be used as a complementary analysis to other Toews Tactical'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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Toews Mutual Fund analysis
When running Toews Tactical's price analysis, check to measure Toews Tactical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Toews Tactical is operating at the current time. Most of Toews Tactical's value examination focuses on studying past and present price action to predict the probability of Toews Tactical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toews Tactical's price. Additionally, you may evaluate how the addition of Toews Tactical to your portfolios can decrease your overall portfolio volatility.
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Toews Tactical 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.