Dow 2x Strategy Fund Market Value
| RYLDX Fund | USD 147.48 0.38 0.26% |
| Symbol | Dow |
Dow 2x '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 Dow 2x'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 Dow 2x.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Dow 2x on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Dow 2x Strategy or generate 0.0% return on investment in Dow 2x over 30 days. Dow 2x is related to or competes with Dow 2x, Dow 2x, Nasdaq-100(r), Ultramid Cap, and Nasdaq-100(r). The fund employs as its investment strategy a program of investing in the common stock of companies that are generally w... More
Dow 2x 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 Dow 2x'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 Dow 2x Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.08 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 1.98 |
Dow 2x Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dow 2x's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dow 2x's standard deviation. In reality, there are many statistical measures that can use Dow 2x historical prices to predict the future Dow 2x's volatility.| Risk Adjusted Performance | 0.0246 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0165 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dow 2x'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.
Dow 2x Strategy Backtested Returns
We consider Dow 2x very steady. Dow 2x Strategy secures Sharpe Ratio (or Efficiency) of 0.0147, which denotes the fund had a 0.0147% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dow 2x Strategy, which you can use to evaluate the volatility of the entity. Please confirm Dow 2x's Downside Deviation of 1.37, coefficient of variation of 3155.34, and Mean Deviation of 0.9233 to check if the risk estimate we provide is consistent with the expected return of 0.0182%. The fund shows a Beta (market volatility) of 1.73, which means 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, Dow 2x will likely underperform.
Auto-correlation | -0.05 |
Very weak reverse predictability
Dow 2x Strategy has very weak reverse predictability. Overlapping area represents the amount of predictability between Dow 2x 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 Dow 2x Strategy price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Dow 2x price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 5.59 |
Dow 2x Strategy lagged returns against current returns
Autocorrelation, which is Dow 2x 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 Dow 2x's mutual fund expected returns. We can calculate the autocorrelation of Dow 2x returns to help us make a trade decision. For example, suppose you find that Dow 2x 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 |
Dow 2x 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 Dow 2x mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dow 2x mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dow 2x mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dow 2x Lagged Returns
When evaluating Dow 2x's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dow 2x mutual fund have on its future price. Dow 2x 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, Dow 2x autocorrelation shows the relationship between Dow 2x mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dow 2x Strategy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Dow 2x Correlation, Dow 2x Volatility and Dow 2x Alpha and Beta module to complement your research on Dow 2x. Note that the Dow 2x Strategy information on this page should be used as a complementary analysis to other Dow 2x'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 the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Dow 2x 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.