Rainier International Discovery Fund Market Value
| RAIRX Fund | USD 23.06 0.07 0.30% |
| Symbol | Rainier |
Rainier International '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 Rainier International'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 Rainier International.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Rainier International on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Rainier International Discovery or generate 0.0% return on investment in Rainier International over 720 days. Rainier International is related to or competes with Pro Blend, Pro Blend, Unconstrained Bond, Pro Blend, Manning Napier, Disciplined Value, and Pro Blend. The fund will invest primarily in equity securities of foreign developed and emerging market companies that are small- t... More
Rainier International 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 Rainier International'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 Rainier International Discovery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7805 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.52 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.14 |
Rainier International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rainier International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rainier International's standard deviation. In reality, there are many statistical measures that can use Rainier International historical prices to predict the future Rainier International's volatility.| Risk Adjusted Performance | 0.0384 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0389 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rainier International'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.
Rainier International Backtested Returns
We consider Rainier International very steady. Rainier International maintains Sharpe Ratio (i.e., Efficiency) of 0.0508, which implies the entity had a 0.0508% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Rainier International, which you can use to evaluate the volatility of the fund. Please check Rainier International's Risk Adjusted Performance of 0.0384, coefficient of variation of 1678.13, and Semi Deviation of 0.7117 to confirm if the risk estimate we provide is consistent with the expected return of 0.0373%. The fund holds a Beta of 0.83, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rainier International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rainier International is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Rainier International Discovery has modest predictability. Overlapping area represents the amount of predictability between Rainier International time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Rainier International price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Rainier International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Rainier International lagged returns against current returns
Autocorrelation, which is Rainier International 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 Rainier International's mutual fund expected returns. We can calculate the autocorrelation of Rainier International returns to help us make a trade decision. For example, suppose you find that Rainier International 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 |
Rainier International 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 Rainier International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rainier International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rainier International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rainier International Lagged Returns
When evaluating Rainier International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rainier International mutual fund have on its future price. Rainier International 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, Rainier International autocorrelation shows the relationship between Rainier International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rainier International Discovery.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Rainier International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Rainier International's short interest history, or implied volatility extrapolated from Rainier International options trading.
Currently Active Assets on Macroaxis
Check out Rainier International Correlation, Rainier International Volatility and Rainier International Alpha and Beta module to complement your research on Rainier International. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Rainier International technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.