Towpath Focus Fund Market Value
| TOWFX Fund | USD 16.29 0.01 0.06% |
| Symbol | Towpath |
Towpath Focus '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 Towpath Focus' 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 Towpath Focus.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Towpath Focus on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Towpath Focus or generate 0.0% return on investment in Towpath Focus over 30 days. Towpath Focus is related to or competes with Prudential Jennison, Versatile Bond, Barings Active, Nebraska Municipal, and T Rowe. The advisor seeks to achieve the funds investment objective by investing primarily in U.S More
Towpath Focus 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 Towpath Focus' 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 Towpath Focus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.55 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.41 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 0.7813 |
Towpath Focus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Towpath Focus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Towpath Focus' standard deviation. In reality, there are many statistical measures that can use Towpath Focus historical prices to predict the future Towpath Focus' volatility.| Risk Adjusted Performance | 0.0864 | |||
| Jensen Alpha | 0.0397 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.4518 |
Towpath Focus Backtested Returns
At this stage we consider Towpath Mutual Fund to be very steady. Towpath Focus 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 found twenty-eight technical indicators for Towpath Focus, which you can use to evaluate the volatility of the fund. Please validate Towpath Focus' Coefficient Of Variation of 844.68, risk adjusted performance of 0.0864, and Semi Deviation of 0.3877 to confirm if the risk estimate we provide is consistent with the expected return of 0.0641%. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Towpath Focus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Towpath Focus is expected to be smaller as well.
Auto-correlation | 0.91 |
Excellent predictability
Towpath Focus has excellent predictability. Overlapping area represents the amount of predictability between Towpath Focus time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Towpath Focus price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Towpath Focus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Towpath Focus lagged returns against current returns
Autocorrelation, which is Towpath Focus 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 Towpath Focus' mutual fund expected returns. We can calculate the autocorrelation of Towpath Focus returns to help us make a trade decision. For example, suppose you find that Towpath Focus 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 |
Towpath Focus 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 Towpath Focus mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Towpath Focus mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Towpath Focus mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Towpath Focus Lagged Returns
When evaluating Towpath Focus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Towpath Focus mutual fund have on its future price. Towpath Focus 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, Towpath Focus autocorrelation shows the relationship between Towpath Focus mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Towpath Focus.
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 Towpath Mutual Fund
Towpath Focus financial ratios help investors to determine whether Towpath 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 Towpath with respect to the benefits of owning Towpath Focus security.
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