Tax-Managed Mutual Fund Alpha and Beta Analysis

RTLCX -  USA Fund  

USD 62.44  0.51  0.81%

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Tax-Managed US Large. It also helps investors analyze the systematic and unsystematic risks associated with investing in Tax-Managed over a specified time horizon. Remember, high Tax-Managed's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Additionally, take a look at Tax-Managed Backtesting, Portfolio Optimization, Tax-Managed Correlation, Tax-Managed Hype Analysis, Tax-Managed Volatility, Tax-Managed History and analyze Tax-Managed Performance.

Tax-Managed Beta 

 
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Please note that although Tax-Managed alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Tax-Managed did 0.026468  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Tax-Managed US Large fund's relative risk over its benchmark. Tax-Managed US Large has a beta of 0.0462  . Let's try to break down what Tax-Managed's beta means in this case. As returns on the market increase, Tax-Managed returns are expected to increase less than the market. However, during the bear market, the loss on holding Tax-Managed will be expected to be smaller as well.
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Tax-Managed Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Tax-Managed market risk premium is the additional return an investor will receive from holding Tax-Managed long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Tax-Managed. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Tax-Managed's performance over market.
α-0.03   β0.0462
90 days against DJI

Tax-Managed expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Tax-Managed's Buy-and-hold return. Our buy-and-hold chart shows how Tax-Managed performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Tax-Managed Market Price Analysis

Market price analysis indicators help investors to evaluate how Tax-Managed mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tax-Managed shares will generate the highest return on investment. By understating and applying Tax-Managed mutual fund market price indicators, traders can identify Tax-Managed position entry and exit signals to maximize returns.

Tax-Managed Return and Market Media

The median price of Tax-Managed for the period between Wed, Sep 8, 2021 and Tue, Dec 7, 2021 is 62.95 with a coefficient of variation of 2.5. The daily time series for the period is distributed with a sample standard deviation of 1.57, arithmetic mean of 62.93, and mean deviation of 1.35. The Fund did not receive any noticable media coverage during the period.
 Price Growth (%)  
      Timeline 

About Tax-Managed Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Tax-Managed US Large has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

Tax-Managed Investors Sentiment

The influence of Tax-Managed's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Tax-Managed. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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.

Current Sentiment - RTLCX

Tax-Managed US Large Investor Sentiment

Macroaxis portfolio users are evenly split in their perspective on investing in Tax-Managed US Large. What is your outlook on investing in Tax-Managed US Large? Are you bullish or bearish?
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Additionally, take a look at Tax-Managed Backtesting, Portfolio Optimization, Tax-Managed Correlation, Tax-Managed Hype Analysis, Tax-Managed Volatility, Tax-Managed History and analyze Tax-Managed Performance. Note that the Tax-Managed US 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Tax-Managed US Large price analysis, check to measure Tax-Managed'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 Tax-Managed is operating at the current time. Most of Tax-Managed's value examination focuses on studying past and present price action to predict the probability of Tax-Managed's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Tax-Managed's price. Additionally, you may evaluate how the addition of Tax-Managed to your portfolios can decrease your overall portfolio volatility.
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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, stock market cycles, or different charting patterns.
A focus of Tax-Managed technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tax-Managed trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...