Core Fixed Income Fund Market Value
| TIIUX Fund | USD 6.83 0.03 0.44% |
| Symbol | Core |
Core Fixed '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 Core Fixed'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 Core Fixed.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Core Fixed on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Core Fixed Income or generate 0.0% return on investment in Core Fixed over 60 days. Core Fixed is related to or competes with Transamerica Emerging, Ep Emerging, Barings Emerging, Shelton Emerging, Angel Oak, and Dodge Cox. The fund will invest, under normal market conditions, at least 80 percent of its net assets in fixed income instruments More
Core Fixed 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 Core Fixed'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 Core Fixed Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.18 | |||
| Value At Risk | (0.59) | |||
| Potential Upside | 0.4373 |
Core Fixed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Core Fixed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Core Fixed's standard deviation. In reality, there are many statistical measures that can use Core Fixed historical prices to predict the future Core Fixed's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.08 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Core Fixed'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.
Core Fixed Income Backtested Returns
Core Fixed Income secures Sharpe Ratio (or Efficiency) of -0.0202, which signifies that the fund had a -0.0202% return per unit of risk over the last 3 months. Core Fixed Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Core Fixed's Mean Deviation of 0.2443, standard deviation of 0.3098, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0294, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Core Fixed are expected to decrease at a much lower rate. During the bear market, Core Fixed is likely to outperform the market.
Auto-correlation | -0.23 |
Weak reverse predictability
Core Fixed Income has weak reverse predictability. Overlapping area represents the amount of predictability between Core Fixed time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Core Fixed Income price movement. The serial correlation of -0.23 indicates that over 23.0% of current Core Fixed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Core Fixed Income lagged returns against current returns
Autocorrelation, which is Core Fixed 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 Core Fixed's mutual fund expected returns. We can calculate the autocorrelation of Core Fixed returns to help us make a trade decision. For example, suppose you find that Core Fixed 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 |
Core Fixed 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 Core Fixed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Core Fixed mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Core Fixed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Core Fixed Lagged Returns
When evaluating Core Fixed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Core Fixed mutual fund have on its future price. Core Fixed 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, Core Fixed autocorrelation shows the relationship between Core Fixed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Core Fixed Income.
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 Core Mutual Fund
Core Fixed financial ratios help investors to determine whether Core 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 Core with respect to the benefits of owning Core Fixed security.
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