TNBAX Mutual Fund Quote

TNBAX
 Fund
  

USD 13.47  0.20  1.46%   

Market Performance
0 of 100
Odds Of Distress
Less than 2
1290 Smartbeta is trading at 13.47 as of the 24th of September 2022; that is -1.46% down since the beginning of the trading day. The fund's open price was 13.67. 1290 Smartbeta has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for 1290 Smartbeta Equity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of October 2020 and ending today, the 24th of September 2022. Click here to learn more.
The investment seeks to achieve long-term capital appreciation. 1290 Smartbeta is traded on NASDAQ Exchange in the United States. More on 1290 Smartbeta Equity

Moving together with 1290 Smartbeta

+0.7JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr

1290 Smartbeta Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. 1290 Smartbeta's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding 1290 Smartbeta or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
1290 Smartbeta generated a negative expected return over the last 90 days
1290 Smartbeta is unlikely to experience financial distress in the next 2 years
The fund maintains 97.96% of its assets in stocks
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of 1290 Smartbeta's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
Startdate12th of November 2014
1290 Smartbeta Equity [TNBAX] is traded in USA and was established 24th of September 2022. The fund is listed under World Large-Stock Blend category and is part of 1290 Funds family. 1290 Smartbeta Equity at this time has accumulated 114.64 M in assets with minimum initial investment of 1 K. , while the total return for the last 3 years was 6.37%.
Check 1290 Smartbeta Probability Of Bankruptcy

Instrument Allocation

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on TNBAX Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding TNBAX Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as 1290 Smartbeta Equity Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top 1290 Smartbeta Equity Constituents

1290 Smartbeta Target Price Odds Analysis

Based on a normal probability distribution, the odds of 1290 Smartbeta jumping above the current price in 90 days from now is about 98.0%. The 1290 Smartbeta Equity probability density function shows the probability of 1290 Smartbeta mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon 1290 Smartbeta has a beta of 0.9374. This usually implies 1290 Smartbeta Equity market returns are sensitive to returns on the market. As the market goes up or down, 1290 Smartbeta is expected to follow. Additionally, the company has an alpha of 0.0047, implying that it can generate a 0.004736 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 13.47HorizonTargetOdds Above 13.47
1.91%90 days
 13.47 
98.05%
Based on a normal probability distribution, the odds of 1290 Smartbeta to move above the current price in 90 days from now is about 98.0 (This 1290 Smartbeta Equity probability density function shows the probability of TNBAX Mutual Fund to fall within a particular range of prices over 90 days) .

1290 Smartbeta Equity Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. 1290 Smartbeta market risk premium is the additional return an investor will receive from holding 1290 Smartbeta long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in 1290 Smartbeta. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although 1290 Smartbeta's alpha and beta are two of the key measurements used to evaluate 1290 Smartbeta's performance over the market, the standard measures of volatility play an important role as well.

1290 Smartbeta Against Markets

Picking the right benchmark for 1290 Smartbeta mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in 1290 Smartbeta mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for 1290 Smartbeta is critical whether you are bullish or bearish towards 1290 Smartbeta Equity at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in 1290 Smartbeta without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Theme Ratings

Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
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Invested in 1290 Smartbeta Equity?

The danger of trading 1290 Smartbeta Equity is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of 1290 Smartbeta is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than 1290 Smartbeta. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile 1290 Smartbeta Equity is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. Note that the 1290 Smartbeta Equity information on this page should be used as a complementary analysis to other 1290 Smartbeta'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for TNBAX Mutual Fund analysis

When running 1290 Smartbeta Equity price analysis, check to measure 1290 Smartbeta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 1290 Smartbeta is operating at the current time. Most of 1290 Smartbeta's value examination focuses on studying past and present price action to predict the probability of 1290 Smartbeta's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move 1290 Smartbeta's price. Additionally, you may evaluate how the addition of 1290 Smartbeta to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between 1290 Smartbeta's value and its price as these two are different measures arrived at by different means. Investors typically determine 1290 Smartbeta value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1290 Smartbeta'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.