The Texas Fund Market Value
| BIGTX Fund | USD 15.07 0.02 0.13% |
| Symbol | The |
The Texas '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 The Texas' 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 The Texas.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in The Texas on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding The Texas Fund or generate 0.0% return on investment in The Texas over 30 days. The Texas is related to or competes with Monteagle Enhanced, Monteagle Select, The Henssler, Locorr Market, Seix Us, and Polen Us. The fund will be invested across a broad market capitalization spectrum, including small, mid and large capitalization c... More
The Texas 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 The Texas' 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 The Texas Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.1 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.5 |
The Texas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for The Texas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The Texas' standard deviation. In reality, there are many statistical measures that can use The Texas historical prices to predict the future The Texas' volatility.| Risk Adjusted Performance | (0.0006) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of The Texas' 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.
Texas Fund Backtested Returns
Texas Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0146, which indicates the fund had a -0.0146% return per unit of risk over the last 3 months. The Texas Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate The Texas' Coefficient Of Variation of (19,429), variance of 1.55, and Risk Adjusted Performance of (0.0006) to confirm the risk estimate we provide. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, the Texas' returns are expected to increase less than the market. However, during the bear market, the loss of holding the Texas is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
The Texas Fund has poor predictability. Overlapping area represents the amount of predictability between The Texas time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Texas Fund price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current The Texas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Texas Fund lagged returns against current returns
Autocorrelation, which is The Texas 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 The Texas' mutual fund expected returns. We can calculate the autocorrelation of The Texas returns to help us make a trade decision. For example, suppose you find that The Texas 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 |
The Texas 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 The Texas mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The Texas mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in The Texas mutual fund over time.
Current vs Lagged Prices |
| Timeline |
The Texas Lagged Returns
When evaluating The Texas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The Texas mutual fund have on its future price. The Texas 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, The Texas autocorrelation shows the relationship between The Texas mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Texas Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
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| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in The Mutual Fund
The Texas financial ratios help investors to determine whether The 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 The with respect to the benefits of owning The Texas security.
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