Ultra Short Term Fixed Fund Market Value
| TSDUX Fund | USD 9.74 0.05 0.51% |
| Symbol | Ultra-short |
Ultra-short Term '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 Ultra-short Term'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 Ultra-short Term.
| 01/13/2023 |
| 01/02/2025 |
If you would invest 0.00 in Ultra-short Term on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding Ultra Short Term Fixed or generate 0.0% return on investment in Ultra-short Term over 720 days. Ultra-short Term is related to or competes with Ab Conservative, Templeton Emerging, and Touchstone Sands. The fund will invest, under normal market conditions, at least 80 percent of its net assets in fixed income instruments ... More
Ultra-short Term 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 Ultra-short Term'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 Ultra Short Term Fixed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 0.4099 | |||
| Potential Upside | 0.1029 |
Ultra-short Term Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultra-short Term's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultra-short Term's standard deviation. In reality, there are many statistical measures that can use Ultra-short Term historical prices to predict the future Ultra-short Term's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.64) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultra-short Term'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.
Ultra Short Term Backtested Returns
At this stage we consider Ultra-short Mutual Fund to be very steady. Ultra Short Term owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0754, which indicates the fund had a 0.0754% return per unit of risk over the last 3 months. We have found twenty technical indicators for Ultra Short Term Fixed, which you can use to evaluate the volatility of the fund. Please validate Ultra-short Term's Coefficient Of Variation of 1105.73, variance of 0.0075, and Risk Adjusted Performance of (0.01) to confirm if the risk estimate we provide is consistent with the expected return of 0.0067%. The entity has a beta of 0.0034, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ultra-short Term's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ultra-short Term is expected to be smaller as well.
Auto-correlation | 0.99 |
Perfect predictability
Ultra Short Term Fixed has perfect predictability. Overlapping area represents the amount of predictability between Ultra-short Term time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd 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 Ultra Short Term price movement. The serial correlation of 0.99 indicates that 99.0% of current Ultra-short Term price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.99 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ultra Short Term lagged returns against current returns
Autocorrelation, which is Ultra-short Term 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 Ultra-short Term's mutual fund expected returns. We can calculate the autocorrelation of Ultra-short Term returns to help us make a trade decision. For example, suppose you find that Ultra-short Term 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 |
Ultra-short Term 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 Ultra-short Term mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultra-short Term mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultra-short Term mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ultra-short Term Lagged Returns
When evaluating Ultra-short Term's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultra-short Term mutual fund have on its future price. Ultra-short Term 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, Ultra-short Term autocorrelation shows the relationship between Ultra-short Term mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ultra Short Term Fixed.
Regressed Prices |
| Timeline |
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Other Information on Investing in Ultra-short Mutual Fund
Ultra-short Term financial ratios help investors to determine whether Ultra-short 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 Ultra-short with respect to the benefits of owning Ultra-short Term security.
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