Active Bond Fund Market Value
| TOBAX Fund | USD 9.38 0.01 0.11% |
| Symbol | Active |
Active Bond '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 Active Bond'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 Active Bond.
| 10/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in Active Bond on October 19, 2024 and sell it all today you would earn a total of 0.00 from holding Active Bond Fund or generate 0.0% return on investment in Active Bond over 60 days. Active Bond is related to or competes with Touchstone Small, Touchstone Sands, Mid Cap, Mid Cap, Mid Cap, Sentinel Small, and Touchstone Sustainability. Under normal circumstances, the fund invests at least 80 percent of its assets in bonds More
Active Bond 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 Active Bond'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 Active Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 1.28 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.3212 |
Active Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Active Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Active Bond's standard deviation. In reality, there are many statistical measures that can use Active Bond historical prices to predict the future Active Bond's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 2.47 |
Active Bond Fund Backtested Returns
Active Bond Fund secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the fund had a -0.14% return per unit of risk over the last 3 months. Active Bond Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Active Bond's Risk Adjusted Performance of (0.13), mean deviation of 0.2181, and Standard Deviation of 0.2841 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0226, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Active Bond are expected to decrease at a much lower rate. During the bear market, Active Bond is likely to outperform the market.
Auto-correlation | -0.32 |
Poor reverse predictability
Active Bond Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Active Bond time series from 19th of October 2024 to 18th of November 2024 and 18th of November 2024 to 18th of December 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 Active Bond Fund price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Active Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Active Bond Fund lagged returns against current returns
Autocorrelation, which is Active Bond 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 Active Bond's mutual fund expected returns. We can calculate the autocorrelation of Active Bond returns to help us make a trade decision. For example, suppose you find that Active Bond 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 |
Active Bond 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 Active Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Active Bond mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Active Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Active Bond Lagged Returns
When evaluating Active Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Active Bond mutual fund have on its future price. Active Bond 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, Active Bond autocorrelation shows the relationship between Active Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Active Bond 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 Active Mutual Fund
Active Bond financial ratios help investors to determine whether Active 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 Active with respect to the benefits of owning Active Bond security.
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