Select Fund A Fund Market Value
| TWCAX Fund | USD 101.55 0.01 0.01% |
| Symbol | Select |
Select Fund '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 Select Fund'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 Select Fund.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Select Fund on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Select Fund A or generate 0.0% return on investment in Select Fund over 30 days. Select Fund is related to or competes with Ultra Fund, International Growth, Select Fund, Growth Fund, and Income Growth. The fund normally invests in stocks of companies that the adviser believes will increase in value over time More
Select Fund 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 Select Fund'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 Select Fund A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.968 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.81 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.62 |
Select Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Select Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Select Fund's standard deviation. In reality, there are many statistical measures that can use Select Fund historical prices to predict the future Select Fund's volatility.| Risk Adjusted Performance | 0.0368 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Select Fund'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.
Select Fund A Backtested Returns
We consider Select Fund very steady. Select Fund A owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0788, which indicates the fund had a 0.0788% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Select Fund A, which you can use to evaluate the volatility of the fund. Please validate Select Fund's Coefficient Of Variation of 1892.38, risk adjusted performance of 0.0368, and Semi Deviation of 0.8672 to confirm if the risk estimate we provide is consistent with the expected return of 0.0783%. The entity has a beta of 1.09, which indicates a somewhat significant risk relative to the market. Select Fund returns are very sensitive to returns on the market. As the market goes up or down, Select Fund is expected to follow.
Auto-correlation | -0.29 |
Weak reverse predictability
Select Fund A has weak reverse predictability. Overlapping area represents the amount of predictability between Select Fund time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Select Fund A price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Select Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Select Fund A lagged returns against current returns
Autocorrelation, which is Select Fund 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 Select Fund's mutual fund expected returns. We can calculate the autocorrelation of Select Fund returns to help us make a trade decision. For example, suppose you find that Select Fund 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 |
Select Fund 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 Select Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Select Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Select Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Select Fund Lagged Returns
When evaluating Select Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Select Fund mutual fund have on its future price. Select Fund 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, Select Fund autocorrelation shows the relationship between Select Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Select Fund A.
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 Select Fund 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, Select Fund's short interest history, or implied volatility extrapolated from Select Fund options trading.
Currently Active Assets on Macroaxis
Check out Select Fund Correlation, Select Fund Volatility and Select Fund Alpha and Beta module to complement your research on Select Fund. Note that the Select Fund A information on this page should be used as a complementary analysis to other Select Fund'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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Select Fund 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.