1290 Doubleline Dynamic Fund Market Value
| TNVDX Fund | USD 10.38 0.64 5.81% |
| Symbol | 1290 |
1290 Doubleline '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 Doubleline'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 Doubleline.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in 1290 Doubleline on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding 1290 Doubleline Dynamic or generate 0.0% return on investment in 1290 Doubleline over 30 days. 1290 Doubleline is related to or competes with 1290 Funds, 1290 Essex, 1290 Funds, 1290 Smartbeta, 1290 Smartbeta, 1290 Smartbeta, and 1290 Smartbeta. The fund normally invests in a diversified range of income generating equity and fixed income securities of issuers and ... More
1290 Doubleline 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 Doubleline'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 Doubleline Dynamic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.01 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.3656 |
1290 Doubleline Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1290 Doubleline's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1290 Doubleline's standard deviation. In reality, there are many statistical measures that can use 1290 Doubleline historical prices to predict the future 1290 Doubleline's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 1290 Doubleline'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.
1290 Doubleline Dynamic Backtested Returns
1290 Doubleline Dynamic retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the fund had a -0.11% return per unit of price deviation over the last 3 months. 1290 Doubleline exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 1290 Doubleline's Information Ratio of (0.23), variance of 0.558, and Market Risk Adjusted Performance of (0.30) to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 1290 Doubleline's returns are expected to increase less than the market. However, during the bear market, the loss of holding 1290 Doubleline is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
1290 Doubleline Dynamic has good reverse predictability. Overlapping area represents the amount of predictability between 1290 Doubleline time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 1290 Doubleline Dynamic price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current 1290 Doubleline price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
1290 Doubleline Dynamic lagged returns against current returns
Autocorrelation, which is 1290 Doubleline 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 Doubleline's mutual fund expected returns. We can calculate the autocorrelation of 1290 Doubleline returns to help us make a trade decision. For example, suppose you find that 1290 Doubleline 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 Doubleline 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 Doubleline mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1290 Doubleline 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 Doubleline mutual fund over time.
Current vs Lagged Prices |
| Timeline |
1290 Doubleline Lagged Returns
When evaluating 1290 Doubleline's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1290 Doubleline mutual fund have on its future price. 1290 Doubleline 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 Doubleline autocorrelation shows the relationship between 1290 Doubleline mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 1290 Doubleline Dynamic.
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 1290 Mutual Fund
1290 Doubleline 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 Doubleline security.
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