Turner Emerging Growth Fund Market Value
| TMCGX Fund | USD 15.62 0.30 1.96% |
| Symbol | Turner |
Turner Emerging '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 Turner Emerging'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 Turner Emerging.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Turner Emerging on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Turner Emerging Growth or generate 0.0% return on investment in Turner Emerging over 360 days. Turner Emerging is related to or competes with Fidelity Advisor, Financials Ultrasector, Mesirow Financial, and John Hancock. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of mid-sized com... More
Turner Emerging 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 Turner Emerging'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 Turner Emerging Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0176 | |||
| Maximum Drawdown | 5.62 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.33 |
Turner Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turner Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turner Emerging's standard deviation. In reality, there are many statistical measures that can use Turner Emerging historical prices to predict the future Turner Emerging's volatility.| Risk Adjusted Performance | 0.0988 | |||
| Jensen Alpha | 0.0024 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0166 | |||
| Treynor Ratio | 0.1015 |
Turner Emerging Growth Backtested Returns
At this stage we consider Turner Mutual Fund to be very steady. Turner Emerging Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Turner Emerging Growth, which you can use to evaluate the volatility of the fund. Please validate Turner Emerging's Semi Deviation of 0.8841, coefficient of variation of 791.88, and Risk Adjusted Performance of 0.0988 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 1.15, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Turner Emerging will likely underperform.
Auto-correlation | 0.46 |
Average predictability
Turner Emerging Growth has average predictability. Overlapping area represents the amount of predictability between Turner Emerging time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Turner Emerging Growth price movement. The serial correlation of 0.46 indicates that about 46.0% of current Turner Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Turner Emerging Growth lagged returns against current returns
Autocorrelation, which is Turner Emerging 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 Turner Emerging's mutual fund expected returns. We can calculate the autocorrelation of Turner Emerging returns to help us make a trade decision. For example, suppose you find that Turner Emerging 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 |
Turner Emerging 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 Turner Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turner Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turner Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Turner Emerging Lagged Returns
When evaluating Turner Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turner Emerging mutual fund have on its future price. Turner Emerging 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, Turner Emerging autocorrelation shows the relationship between Turner Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Turner Emerging Growth.
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 Turner Mutual Fund
Turner Emerging financial ratios help investors to determine whether Turner 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 Turner with respect to the benefits of owning Turner Emerging security.
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