1290 Multi Alternative Strategies Fund Market Value
| TNMRX Fund | USD 9.38 0.02 0.21% |
| Symbol | 1290 |
1290 Multi-alternativ '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 1290 Multi-alternativ'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 1290 Multi-alternativ.
| 01/16/2023 |
| 01/05/2025 |
If you would invest 0.00 in 1290 Multi-alternativ on January 16, 2023 and sell it all today you would earn a total of 0.00 from holding 1290 Multi Alternative Strategies or generate 0.0% return on investment in 1290 Multi-alternativ over 720 days. 1290 Multi-alternativ is related to or competes with Small Cap, T Rowe, Stone Ridge, Northern Small, Fulcrum Diversified, Vy(r) T, and Tiaa-cref Small-cap. The fund pursues its investment objective by investing in exchange-traded securities of other investment companies or in... More
1290 Multi-alternativ 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 1290 Multi-alternativ'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 1290 Multi Alternative Strategies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.32 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.5247 |
1290 Multi-alternativ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1290 Multi-alternativ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1290 Multi-alternativ's standard deviation. In reality, there are many statistical measures that can use 1290 Multi-alternativ historical prices to predict the future 1290 Multi-alternativ's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.17) |
1290 Multi Alternative Backtested Returns
1290 Multi Alternative retains Efficiency (Sharpe Ratio) of -0.0681, which signifies that the fund had a -0.0681% return per unit of price deviation over the last 3 months. 1290 Multi-alternativ exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 1290 Multi-alternativ's Information Ratio of (0.13), variance of 0.1469, and Market Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 1290 Multi-alternativ's returns are expected to increase less than the market. However, during the bear market, the loss of holding 1290 Multi-alternativ is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
1290 Multi Alternative Strategies has very weak predictability. Overlapping area represents the amount of predictability between 1290 Multi-alternativ time series from 16th of January 2023 to 11th of January 2024 and 11th of January 2024 to 5th 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 1290 Multi Alternative price movement. The serial correlation of 0.16 indicates that over 16.0% of current 1290 Multi-alternativ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
1290 Multi Alternative lagged returns against current returns
Autocorrelation, which is 1290 Multi-alternativ 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 1290 Multi-alternativ's mutual fund expected returns. We can calculate the autocorrelation of 1290 Multi-alternativ returns to help us make a trade decision. For example, suppose you find that 1290 Multi-alternativ 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 |
1290 Multi-alternativ 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 1290 Multi-alternativ mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1290 Multi-alternativ mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1290 Multi-alternativ mutual fund over time.
Current vs Lagged Prices |
| Timeline |
1290 Multi-alternativ Lagged Returns
When evaluating 1290 Multi-alternativ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1290 Multi-alternativ mutual fund have on its future price. 1290 Multi-alternativ 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, 1290 Multi-alternativ autocorrelation shows the relationship between 1290 Multi-alternativ mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 1290 Multi Alternative Strategies.
Regressed Prices |
| Timeline |
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Other Information on Investing in 1290 Mutual Fund
1290 Multi-alternativ financial ratios help investors to determine whether 1290 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 1290 with respect to the benefits of owning 1290 Multi-alternativ security.
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