Tcw High Yield Fund Market Value
| TGHYX Fund | USD 30.73 0.04 0.13% |
| Symbol | Tcw |
Tcw High '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 Tcw High'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 Tcw High.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Tcw High on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Tcw High Yield or generate 0.0% return on investment in Tcw High over 720 days. Tcw High is related to or competes with 1919 Financial, Fidelity Advisor, Icon Financial, Royce Global, John Hancock, and Prudential Jennison. Under normal circumstances, the fund invests at least 80 percent of the value of its net assets, plus any borrowings for... More
Tcw High 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 Tcw High'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 Tcw High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1634 | |||
| Information Ratio | 0.1208 | |||
| Maximum Drawdown | 400.03 | |||
| Value At Risk | (0.16) | |||
| Potential Upside | 0.3257 |
Tcw High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tcw High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tcw High's standard deviation. In reality, there are many statistical measures that can use Tcw High historical prices to predict the future Tcw High's volatility.| Risk Adjusted Performance | 0.1046 | |||
| Jensen Alpha | 6.23 | |||
| Total Risk Alpha | (1.68) | |||
| Sortino Ratio | 36.38 | |||
| Treynor Ratio | (4.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tcw High'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.
Tcw High Yield Backtested Returns
Tcw High is very risky given 3 months investment horizon. Tcw High Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-seven different technical indicators, which can help you to evaluate if expected returns of 6.17% are justified by taking the suggested risk. Use Tcw High Yield Downside Deviation of 0.1634, standard deviation of 49.21, and Risk Adjusted Performance of 0.1046 to evaluate company specific risk that cannot be diversified away. The entity has a beta of -1.38, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Tcw High are expected to decrease by larger amounts. On the other hand, during market turmoil, Tcw High is expected to outperform it.
Auto-correlation | 0.51 |
Modest predictability
Tcw High Yield has modest predictability. Overlapping area represents the amount of predictability between Tcw High time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Tcw High Yield price movement. The serial correlation of 0.51 indicates that about 51.0% of current Tcw High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 32.78 |
Tcw High Yield lagged returns against current returns
Autocorrelation, which is Tcw High 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 Tcw High's mutual fund expected returns. We can calculate the autocorrelation of Tcw High returns to help us make a trade decision. For example, suppose you find that Tcw High 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 |
Tcw High 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 Tcw High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tcw High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tcw High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tcw High Lagged Returns
When evaluating Tcw High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tcw High mutual fund have on its future price. Tcw High 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, Tcw High autocorrelation shows the relationship between Tcw High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tcw High Yield.
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 Tcw Mutual Fund
Tcw High financial ratios help investors to determine whether Tcw 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 Tcw with respect to the benefits of owning Tcw High security.
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