Towpath Technology Fund Market Value
| TOWTX Fund | USD 14.33 0.06 0.42% |
| Symbol | Towpath |
Towpath Technology '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 Technology'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 Towpath Technology.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Towpath Technology on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Towpath Technology or generate 0.0% return on investment in Towpath Technology over 660 days. Towpath Technology is related to or competes with Dodge Cox, The Hartford, Ab Select, Gmo Global, Gmo Us, and Rbc Global. The adviser seeks to achieve the funds investment objective by investing primarily in U.S More
Towpath Technology 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 Technology'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 Towpath Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8093 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.08 |
Towpath Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Towpath Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Towpath Technology's standard deviation. In reality, there are many statistical measures that can use Towpath Technology historical prices to predict the future Towpath Technology's volatility.| Risk Adjusted Performance | 0.0587 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0617 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Towpath Technology'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.
Towpath Technology Backtested Returns
At this stage we consider Towpath Mutual Fund to be very steady. Towpath Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0593, which indicates the fund had a 0.0593% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Towpath Technology, which you can use to evaluate the volatility of the fund. Please validate Towpath Technology's Coefficient Of Variation of 1294.93, risk adjusted performance of 0.0587, and Semi Deviation of 0.7288 to confirm if the risk estimate we provide is consistent with the expected return of 0.0435%. The entity has a beta of 0.75, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Towpath Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Towpath Technology is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Towpath Technology has good predictability. Overlapping area represents the amount of predictability between Towpath Technology time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Technology price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Towpath Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Towpath Technology lagged returns against current returns
Autocorrelation, which is Towpath Technology 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 Technology's mutual fund expected returns. We can calculate the autocorrelation of Towpath Technology returns to help us make a trade decision. For example, suppose you find that Towpath Technology 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 Technology 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 Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Towpath Technology 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 Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Towpath Technology Lagged Returns
When evaluating Towpath Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Towpath Technology mutual fund have on its future price. Towpath Technology 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 Technology autocorrelation shows the relationship between Towpath Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Towpath Technology.
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 Technology 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 Technology security.
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