Tcw Strategic Income Etf Market Value
| TSI Etf | USD 4.95 0.02 0.40% |
| Symbol | TCW |
The market value of TCW Strategic Income is measured differently than its book value, which is the value of TCW that is recorded on the company's balance sheet. Investors also form their own opinion of TCW Strategic's value that differs from its market value or its book value, called intrinsic value, which is TCW Strategic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TCW Strategic's market value can be influenced by many factors that don't directly affect TCW Strategic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TCW Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if TCW Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TCW Strategic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
TCW Strategic '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 TCW Strategic's etf 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 TCW Strategic.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in TCW Strategic on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding TCW Strategic Income or generate 0.0% return on investment in TCW Strategic over 300 days. TCW Strategic is related to or competes with Gabelli Dividend, Voya Global, Invesco California, John Hancock, Ellsworth Convertible, Delaware Investments, and RENN Fund. TCW Strategic Income Fund, Inc. is a close-ended balanced mutual fund launched by The TCW Group, Inc More
TCW Strategic 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 TCW Strategic's etf 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 TCW Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.77 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 0.9921 |
TCW Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TCW Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TCW Strategic's standard deviation. In reality, there are many statistical measures that can use TCW Strategic historical prices to predict the future TCW Strategic's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TCW Strategic'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.
TCW Strategic Income Backtested Returns
TCW Strategic Income owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0586, which indicates the etf had a -0.0586% return per unit of risk over the last 3 months. TCW Strategic Income exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TCW Strategic's market risk adjusted performance of (0.10), and Standard Deviation of 0.6505 to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TCW Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding TCW Strategic is expected to be smaller as well.
Auto-correlation | -0.1 |
Very weak reverse predictability
TCW Strategic Income has very weak reverse predictability. Overlapping area represents the amount of predictability between TCW Strategic time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 TCW Strategic Income price movement. The serial correlation of -0.1 indicates that less than 10.0% of current TCW Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
TCW Strategic Income lagged returns against current returns
Autocorrelation, which is TCW Strategic etf'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 TCW Strategic's etf expected returns. We can calculate the autocorrelation of TCW Strategic returns to help us make a trade decision. For example, suppose you find that TCW Strategic has exhibited high autocorrelation historically, and you observe that the etf 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 |
TCW Strategic 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 TCW Strategic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TCW Strategic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TCW Strategic etf over time.
Current vs Lagged Prices |
| Timeline |
TCW Strategic Lagged Returns
When evaluating TCW Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TCW Strategic etf have on its future price. TCW Strategic 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, TCW Strategic autocorrelation shows the relationship between TCW Strategic etf current value and its past values and can show if there is a momentum factor associated with investing in TCW Strategic Income.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TCW Etf
TCW Strategic financial ratios help investors to determine whether TCW Etf 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 TCW with respect to the benefits of owning TCW Strategic security.