Target 2055 Fund Market Value
| TRPPX Fund | USD 19.44 0.01 0.05% |
| Symbol | Target |
Target 2055 '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 Target 2055'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 Target 2055.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Target 2055 on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Target 2055 Fund or generate 0.0% return on investment in Target 2055 over 30 days. Target 2055 is related to or competes with Vanguard Target, American Funds, American Funds, Fidelity Freedom, T Rowe, Fidelity Freedom, and Fidelity Freedom. The advisor pursues the funds objective by investing in a diversified portfolio of other T More
Target 2055 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 Target 2055'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 Target 2055 Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7306 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.02 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 0.9479 |
Target 2055 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Target 2055's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Target 2055's standard deviation. In reality, there are many statistical measures that can use Target 2055 historical prices to predict the future Target 2055's volatility.| Risk Adjusted Performance | 0.0582 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0586 |
Target 2055 Fund Backtested Returns
At this stage we consider Target Mutual Fund to be very steady. Target 2055 Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Target 2055 Fund, which you can use to evaluate the volatility of the fund. Please validate Target 2055's Risk Adjusted Performance of 0.0582, coefficient of variation of 1279.22, and Semi Deviation of 0.6653 to confirm if the risk estimate we provide is consistent with the expected return of 0.0788%. The entity has a beta of 0.7, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Target 2055's returns are expected to increase less than the market. However, during the bear market, the loss of holding Target 2055 is expected to be smaller as well.
Auto-correlation | 0.91 |
Excellent predictability
Target 2055 Fund has excellent predictability. Overlapping area represents the amount of predictability between Target 2055 time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Target 2055 Fund price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Target 2055 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Target 2055 Fund lagged returns against current returns
Autocorrelation, which is Target 2055 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 Target 2055's mutual fund expected returns. We can calculate the autocorrelation of Target 2055 returns to help us make a trade decision. For example, suppose you find that Target 2055 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 |
Target 2055 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 Target 2055 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Target 2055 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Target 2055 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Target 2055 Lagged Returns
When evaluating Target 2055's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Target 2055 mutual fund have on its future price. Target 2055 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, Target 2055 autocorrelation shows the relationship between Target 2055 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Target 2055 Fund.
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 Target Mutual Fund
Target 2055 financial ratios help investors to determine whether Target 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 Target with respect to the benefits of owning Target 2055 security.
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