TNMAX Mutual Fund Buy Hold or Sell Recommendation

TNMAX
 Fund
  

USD 8.96  0.01  0.11%   

Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding 1290 MULTI-ALTERNATIVE STRATEGIES is 'Strong Hold'. Macroaxis provides 1290 MULTI-ALTERNATIV buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding TNMAX positions. The advice algorithm takes into account all of 1290 MULTI-ALTERNATIV's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from 1290 MULTI-ALTERNATIV's buy-and-hold perspective. Additionally, take a look at 1290 MULTI-ALTERNATIV Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual funds such as TNMAX and provide practical buy, sell, or hold recommendation based on selected investing horizon and risk tolerance towards 1290 MULTI-ALTERNATIVE STRATEGIES.

Execute 1290 MULTI-ALTERNATIV Buy or Sell Advice

The TNMAX recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on 1290 MULTI-ALTERNATIVE STRATEGIES. Macroaxis does not own or have any residual interests in 1290 MULTI-ALTERNATIVE STRATEGIES or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute 1290 MULTI-ALTERNATIV's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell 1290 MULTI-ALTERNATIVBuy 1290 MULTI-ALTERNATIV
Strong Hold

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Not Available
Details
For the selected time horizon 1290 MULTI-ALTERNATIVE STRATEGIES has a Risk Adjusted Performance of (0.06), Jensen Alpha of (0.07), Total Risk Alpha of (0.08) and Treynor Ratio of (0.08)
We provide trade recommendation to complement the latest expert consensus on 1290 MULTI-ALTERNATIVE STRATEGIES. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the fund's potential to grow using all technical and fundamental data available at this moment. Use 1290 MULTI-ALTERNATIVE STRATEGIES price to book and net asset to ensure your buy or sell decision on 1290 MULTI-ALTERNATIVE is adequate.

1290 MULTI-ALTERNATIV Trading Alerts and Improvement Suggestions

1290 MULTI-ALTERNATIV generated a negative expected return over the last 90 days
1290 MULTI-ALTERNATIV is unlikely to experience financial distress in the next 2 years
The fund generated three year return of -1.0%
1290 MULTI-ALTERNATIVE maintains about 39.15% of its assets in cash

1290 MULTI-ALTERNATIV Returns Distribution Density

The distribution of 1290 MULTI-ALTERNATIV's historical returns is an attempt to chart the uncertainty of 1290 MULTI-ALTERNATIV's future price movements. The chart of the probability distribution of 1290 MULTI-ALTERNATIV stock daily returns describes the distribution of returns around its average expected value. We use 1290 MULTI-ALTERNATIVE STRATEGIES price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of 1290 MULTI-ALTERNATIV returns is essential to provide solid investment advice for 1290 MULTI-ALTERNATIV.
Mean Return-0.02Value At Risk-0.92
Potential Upside1.10Standard Deviation0.66
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of 1290 MULTI-ALTERNATIV historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

1290 MULTI-ALTERNATIV Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to 1290 MULTI-ALTERNATIV or 1290 Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that 1290 MULTI-ALTERNATIV's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a TNMAX fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.07
β
Beta against NYSE Composite0.42
σ
Overall volatility
0.67
Ir
Information ratio -0.19

1290 MULTI-ALTERNATIV Volatility Alert

1290 MULTI-ALTERNATIVE STRATEGIES exhibits very low volatility with skewness of 0.77 and kurtosis of 1.92. However, we advise investors to further study 1290 MULTI-ALTERNATIVE STRATEGIES technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure 1290 MULTI-ALTERNATIV's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact 1290 MULTI-ALTERNATIV's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

1290 MULTI-ALTERNATIV Fundamentals Vs Peers

Comparing 1290 MULTI-ALTERNATIV's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze 1290 MULTI-ALTERNATIV's direct or indirect competition across all of the common fundamentals between 1290 MULTI-ALTERNATIV and the related equities. This way, we can detect undervalued stocks with similar characteristics as 1290 MULTI-ALTERNATIV or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of 1290 MULTI-ALTERNATIV's fundamental indicators could also be used in its relative valuation, which is a method of valuing 1290 MULTI-ALTERNATIV by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare 1290 MULTI-ALTERNATIV to competition
Fundamentals1290 MULTI-ALTERNATIVPeer Average
Price to Earning19.38 X6.53 X
Price to Book1.84 X0.74 X
Price to Sales1.55 X0.61 X
One Year Return(3.49) %4.15 %
Three Year Return(0.87) %3.60 %
Net Asset16 M4.11 B
Minimum Initial Investment1 K976.16 K
Last Dividend Paid0.060.65
Cash Position Weight39.15 %10.61 %
Equity Positions Weight29.95 %63.90 %
Bond Positions Weight15.04 %11.24 %

About 1290 MULTI-ALTERNATIV Buy or Sell Advice

When is the right time to buy or sell 1290 MULTI-ALTERNATIVE STRATEGIES? Buying financial instruments such as TNMAX Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having 1290 MULTI-ALTERNATIV in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Small Value Thematic Idea Now

Small Value
Small Value Theme
Funds or Etfs that invest in the undervalued stocks of small to mid-sized companies. The Small Value theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Small Value Theme or any other thematic opportunities.
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Additionally, take a look at 1290 MULTI-ALTERNATIV Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the 1290 MULTI-ALTERNATIVE information on this page should be used as a complementary analysis to other 1290 MULTI-ALTERNATIV's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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Please note, there is a significant difference between 1290 MULTI-ALTERNATIV's value and its price as these two are different measures arrived at by different means. Investors typically determine 1290 MULTI-ALTERNATIV value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1290 MULTI-ALTERNATIV'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.