Tsmxx Fund Market Value
| TSMXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Tsmxx |
Please note, there is a significant difference between Tsmxx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tsmxx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tsmxx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Tsmxx '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 Tsmxx's money market 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 Tsmxx.
| 12/02/2024 |
| 01/01/2025 |
If you would invest 0.00 in Tsmxx on December 2, 2024 and sell it all today you would earn a total of 0.00 from holding Tsmxx or generate 0.0% return on investment in Tsmxx over 30 days. Tsmxx is related to or competes with T Rowe, Ultra-short Fixed, The Bond, Ab Intermediate, Rational/pier, and Touchstone Premium. Tsmxx is entity of United States. It is traded as Fund on NMFQS exchange. More
Tsmxx 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 Tsmxx's money market 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 Tsmxx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 30.41 | |||
| Information Ratio | 0.1426 | |||
| Maximum Drawdown | 433.83 | |||
| Value At Risk | (76.96) |
Tsmxx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tsmxx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tsmxx's standard deviation. In reality, there are many statistical measures that can use Tsmxx historical prices to predict the future Tsmxx's volatility.| Risk Adjusted Performance | 0.1249 | |||
| Jensen Alpha | 10.73 | |||
| Total Risk Alpha | 10.66 | |||
| Sortino Ratio | 0.353 | |||
| Treynor Ratio | (62.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tsmxx'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.
Tsmxx Backtested Returns
Tsmxx is out of control given 3 months investment horizon. Tsmxx owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the fund had a 0.15% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-four different technical indicators, which can help you to evaluate if expected returns of 11.47% are justified by taking the suggested risk. Use Tsmxx Semi Deviation of 19.41, coefficient of variation of 700.61, and Risk Adjusted Performance of 0.1249 to evaluate company specific risk that cannot be diversified away. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tsmxx are expected to decrease at a much lower rate. During the bear market, Tsmxx is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Tsmxx has no correlation between past and present. Overlapping area represents the amount of predictability between Tsmxx time series from 2nd of December 2024 to 17th of December 2024 and 17th of December 2024 to 1st 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 Tsmxx price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tsmxx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 2.35 |
Tsmxx lagged returns against current returns
Autocorrelation, which is Tsmxx money market 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 Tsmxx's money market fund expected returns. We can calculate the autocorrelation of Tsmxx returns to help us make a trade decision. For example, suppose you find that Tsmxx has exhibited high autocorrelation historically, and you observe that the money market 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 |
Tsmxx 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 Tsmxx money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsmxx money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsmxx money market fund over time.
Current vs Lagged Prices |
| Timeline |
Tsmxx Lagged Returns
When evaluating Tsmxx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tsmxx money market fund have on its future price. Tsmxx 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, Tsmxx autocorrelation shows the relationship between Tsmxx money market fund current value and its past values and can show if there is a momentum factor associated with investing in Tsmxx.
Regressed Prices |
| Timeline |
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Other Information on Investing in Tsmxx Money Market Fund
Tsmxx financial ratios help investors to determine whether Tsmxx Money Market 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 Tsmxx with respect to the benefits of owning Tsmxx security.
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