Multi Index 2040 Lifetime Fund Market Value
| JRTVX Fund | USD 14.45 0.08 0.56% |
| Symbol | Multi-index |
Multi-index 2040 '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 Multi-index 2040'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 Multi-index 2040.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Multi-index 2040 on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Multi Index 2040 Lifetime or generate 0.0% return on investment in Multi-index 2040 over 30 days. Multi-index 2040 is related to or competes with Baird Small/mid, Touchstone Small, Kinetics Small, T Rowe, Champlain Small, Chartwell Small, and Ab Small. The fund invests substantially all of its assets in underlying funds using an asset allocation strategy designed for inv... More
Multi-index 2040 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 Multi-index 2040'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 Multi Index 2040 Lifetime upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6411 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.65 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 0.922 |
Multi-index 2040 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multi-index 2040's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multi-index 2040's standard deviation. In reality, there are many statistical measures that can use Multi-index 2040 historical prices to predict the future Multi-index 2040's volatility.| Risk Adjusted Performance | 0.0837 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0912 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Multi-index 2040'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.
Multi Index 2040 Backtested Returns
At this stage we consider Multi-index Mutual Fund to be very steady. Multi Index 2040 has Sharpe Ratio of 0.15, which conveys that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Multi-index 2040, which you can use to evaluate the volatility of the fund. Please verify Multi-index 2040's Risk Adjusted Performance of 0.0837, downside deviation of 0.6411, and Mean Deviation of 0.4445 to check out if the risk estimate we provide is consistent with the expected return of 0.0814%. The fund secures a Beta (Market Risk) of 0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Multi-index 2040's returns are expected to increase less than the market. However, during the bear market, the loss of holding Multi-index 2040 is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Multi Index 2040 Lifetime has good predictability. Overlapping area represents the amount of predictability between Multi-index 2040 time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Multi Index 2040 price movement. The serial correlation of 0.74 indicates that around 74.0% of current Multi-index 2040 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Multi Index 2040 lagged returns against current returns
Autocorrelation, which is Multi-index 2040 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 Multi-index 2040's mutual fund expected returns. We can calculate the autocorrelation of Multi-index 2040 returns to help us make a trade decision. For example, suppose you find that Multi-index 2040 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 |
Multi-index 2040 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 Multi-index 2040 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multi-index 2040 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multi-index 2040 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Multi-index 2040 Lagged Returns
When evaluating Multi-index 2040's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multi-index 2040 mutual fund have on its future price. Multi-index 2040 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, Multi-index 2040 autocorrelation shows the relationship between Multi-index 2040 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Multi Index 2040 Lifetime.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Multi-index Mutual Fund
Multi-index 2040 financial ratios help investors to determine whether Multi-index Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Multi-index with respect to the benefits of owning Multi-index 2040 security.
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