TNMAX Mutual Fund Manager Performance Evaluation

TNMAX
 Fund
  

USD 8.86  0.02  0.23%   

The entity owns a Beta (Systematic Risk) of 0.3847, which signifies possible diversification benefits within a given portfolio. Let's try to break down what TNMAX's beta means in this case. As returns on the market increase, 1290 Multi-Alternativ returns are expected to increase less than the market. However, during the bear market, the loss on holding 1290 Multi-Alternativ will be expected to be smaller as well. Even though it is essential to pay attention to 1290 Multi-Alternative existing price patterns, it is always good to be careful when utilizing equity price patterns. Our way in which we are foreseeing any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. 1290 Multi-Alternativ exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
TNMAX Performance
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Over the last 90 days 1290 Multi-Alternative Strategies has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, 1290 Multi-Alternativ is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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TNMAX Price Channel

Fifty Two Week Low8.62
Fifty Two Week High11.03
Annual Report Expense Ratio1.66%

1290 Multi-Alternativ Relative Risk vs. Return Landscape

If you would invest  915.00  in 1290 Multi-Alternative Strategies on August 30, 2022 and sell it today you would lose (29.00)  from holding 1290 Multi-Alternative Strategies or give up 3.17% of portfolio value over 90 days. 1290 Multi-Alternative Strategies is currently producing negative expected returns and takes up 0.6596% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than TNMAX, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon 1290 Multi-Alternativ is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 2.08 times less risky than the market. the firm trades about -0.07 of its potential returns per unit of risk. The DOW is currently generating roughly 0.09 of returns per unit of risk over similar time horizon.

1290 Multi-Alternativ Current Valuation

Fairly Valued
Today 8.86
Please note that 1290 Multi-Alternativ's price fluctuation is very steady at this time.
1290 Multi-Alternative owns a latest Real Value of $8.88 per share. The recent price of the fund is $8.86. At this time, the entity appears to be fairly valued. We determine the value of 1290 Multi-Alternative from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, sooner or later, mutual fund prices and their ongoing real values will grow together.
Our valuation method for 1290 Multi-Alternative Strategies is useful when determining the fair value of the TNMAX mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of 1290 Multi-Alternativ. Since 1290 Multi-Alternativ is currently traded on the exchange, buyers and sellers on that exchange determine the market value of TNMAX Mutual Fund. However, 1290 Multi-Alternativ's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
8.88
Real Value
9.54
Upside
Estimating the potential upside or downside of 1290 Multi-Alternative Strategies helps investors to forecast how TNMAX mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of 1290 Multi-Alternativ more accurately as focusing exclusively on 1290 Multi-Alternativ's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.808.848.88
Details
Hype
Prediction
LowEstimated ValueHigh
8.208.869.52
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
0.070.070.07
Details

1290 Multi-Alternativ Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for 1290 Multi-Alternativ's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as 1290 Multi-Alternative Strategies, and traders can use it to determine the average amount a 1290 Multi-Alternativ's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0742

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Negative ReturnsTNMAX
Estimated Market Risk
 0.66
  actual daily
 
 5 %
of total potential
 
55
Expected Return
 -0.05
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.07
  actual daily
 
 0 %
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00
Based on monthly moving average 1290 Multi-Alternativ is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 1290 Multi-Alternativ by adding it to a well-diversified portfolio.

About 1290 Multi-Alternativ Performance

To evaluate 1290 Multi-Alternative Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when 1290 Multi-Alternativ generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare TNMAX Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand 1290 Multi-Alternative market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents TNMAX's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The fund pursues its investment objective by investing in exchange-traded securities of other investment companies or investment vehicles comprising various asset categories and strategies. 1290 Multi-Alternativ is traded on NASDAQ Exchange in the United States.

Things to note about 1290 Multi-Alternative

Checking the ongoing alerts about 1290 Multi-Alternativ for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for 1290 Multi-Alternative help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

1290 Multi-Alternativ Alerts

Equity 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
Latest headline from news.google.com: CROSSJECT - CLINICAL DEMONSTRATION OF ZENEO EFFICIENCY FOR - GlobeNewswire
The fund generated three year return of -1.0%
1290 Multi-Alternative maintains about 39.15% of its assets in cash
Additionally, take a look at World Market Map. 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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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.