Rice Hall James Fund Market Value
| RHJSX Fund | USD 22.04 0.01 0.05% |
| Symbol | Rice |
Rice Hall '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 Rice Hall'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 Rice Hall.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Rice Hall on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Rice Hall James or generate 0.0% return on investment in Rice Hall over 30 days. Rice Hall is related to or competes with Dreyfus Strategic, Putnam Small, Aggressive Investors, Boston Partners, and Heartland Value. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus the amount of any borrowings fo... More
Rice Hall 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 Rice Hall'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 Rice Hall James upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.23 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 2.13 |
Rice Hall Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rice Hall's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rice Hall's standard deviation. In reality, there are many statistical measures that can use Rice Hall historical prices to predict the future Rice Hall's volatility.| Risk Adjusted Performance | 0.0315 | |||
| Jensen Alpha | 0.0533 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rice Hall'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.
Rice Hall James Backtested Returns
We consider Rice Hall very steady. Rice Hall James maintains Sharpe Ratio (i.e., Efficiency) of 0.042, which implies the entity had a 0.042% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rice Hall James, which you can use to evaluate the volatility of the fund. Please check Rice Hall's Risk Adjusted Performance of 0.0315, coefficient of variation of 2381.41, and Semi Deviation of 1.27 to confirm if the risk estimate we provide is consistent with the expected return of 0.0554%. The fund holds a Beta of -0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rice Hall are expected to decrease at a much lower rate. During the bear market, Rice Hall is likely to outperform the market.
Auto-correlation | 0.20 |
Weak predictability
Rice Hall James has weak predictability. Overlapping area represents the amount of predictability between Rice Hall time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 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 Rice Hall James price movement. The serial correlation of 0.2 indicates that over 20.0% of current Rice Hall price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Rice Hall James lagged returns against current returns
Autocorrelation, which is Rice Hall 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 Rice Hall's mutual fund expected returns. We can calculate the autocorrelation of Rice Hall returns to help us make a trade decision. For example, suppose you find that Rice Hall 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 |
Rice Hall 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 Rice Hall mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rice Hall mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rice Hall mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rice Hall Lagged Returns
When evaluating Rice Hall's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rice Hall mutual fund have on its future price. Rice Hall 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, Rice Hall autocorrelation shows the relationship between Rice Hall mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rice Hall James.
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 Rice Hall 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, Rice Hall's short interest history, or implied volatility extrapolated from Rice Hall options trading.
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Check out Rice Hall Correlation, Rice Hall Volatility and Rice Hall Alpha and Beta module to complement your research on Rice Hall. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Rice Hall 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.