Red Oak Technology Fund Market Value
| ROGSX Fund | USD 42.79 0.65 1.54% |
| Symbol | Red |
Red Oak '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 Red Oak'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 Red Oak.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Red Oak on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Red Oak Technology or generate 0.0% return on investment in Red Oak over 30 days. Red Oak is related to or competes with Pin Oak, White Oak, Black Oak, Berkshire Focus, and Janus Global. The fund will invest at least 80 percent of its net assets, under normal circumstances, in equity securities of companie... More
Red Oak 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 Red Oak'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 Red Oak Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.003 | |||
| Maximum Drawdown | 5.28 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 2.31 |
Red Oak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Red Oak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Red Oak's standard deviation. In reality, there are many statistical measures that can use Red Oak historical prices to predict the future Red Oak's volatility.| Risk Adjusted Performance | 0.0529 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0031 | |||
| Treynor Ratio | 0.0693 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Red Oak'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.
Red Oak Technology Backtested Returns
We consider Red Oak very steady. Red Oak Technology maintains Sharpe Ratio (i.e., Efficiency) of 0.0476, which implies the entity had a 0.0476% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Red Oak Technology, which you can use to evaluate the volatility of the fund. Please check Red Oak's Risk Adjusted Performance of 0.0529, semi deviation of 1.07, and Coefficient Of Variation of 1281.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.0567%. The fund holds a Beta of 1.19, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Red Oak will likely underperform.
Auto-correlation | 0.24 |
Weak predictability
Red Oak Technology has weak predictability. Overlapping area represents the amount of predictability between Red Oak time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Red Oak Technology price movement. The serial correlation of 0.24 indicates that over 24.0% of current Red Oak price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Red Oak Technology lagged returns against current returns
Autocorrelation, which is Red Oak 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 Red Oak's mutual fund expected returns. We can calculate the autocorrelation of Red Oak returns to help us make a trade decision. For example, suppose you find that Red Oak 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 |
Red Oak 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 Red Oak mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Red Oak mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Red Oak mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Red Oak Lagged Returns
When evaluating Red Oak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Red Oak mutual fund have on its future price. Red Oak 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, Red Oak autocorrelation shows the relationship between Red Oak mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Red Oak Technology.
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 Red Oak 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, Red Oak's short interest history, or implied volatility extrapolated from Red Oak options trading.
Currently Active Assets on Macroaxis
Check out Red Oak Correlation, Red Oak Volatility and Red Oak Alpha and Beta module to complement your research on Red Oak. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Red Oak 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.