Precious Metals Fund Market Value

RYPMX Fund  USD 33.86  1.21  3.71%   
Precious Metals' market value is the price at which a share of Precious Metals trades on a public exchange. It measures the collective expectations of Precious Metals Fund investors about its performance. Precious Metals is trading at 33.86 as of the 28th of March 2024; that is 3.71% increase since the beginning of the trading day. The fund's open price was 32.65.
With this module, you can estimate the performance of a buy and hold strategy of Precious Metals Fund and determine expected loss or profit from investing in Precious Metals over a given investment horizon. Check out Precious Metals Correlation, Precious Metals Volatility and Precious Metals Alpha and Beta module to complement your research on Precious Metals.
Symbol

Please note, there is a significant difference between Precious Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Precious Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precious Metals' 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.

Precious Metals '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 Precious Metals' 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 Precious Metals.
0.00
09/30/2023
No Change 0.00  0.0 
In 5 months and 30 days
03/28/2024
0.00
If you would invest  0.00  in Precious Metals on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Precious Metals Fund or generate 0.0% return on investment in Precious Metals over 180 days. Precious Metals is related to or competes with USCF Gold, Basic Materials, Basic Materials, Banking Fund, Basic Materials, Sp Midcap, and Basic Materials. Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Precious Metals... More

Precious Metals 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 Precious Metals' 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 Precious Metals Fund upside and downside potential and time the market with a certain degree of confidence.

Precious Metals Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Precious Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Precious Metals' standard deviation. In reality, there are many statistical measures that can use Precious Metals historical prices to predict the future Precious Metals' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Precious Metals' 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.
Hype
Prediction
LowEstimatedHigh
31.8133.8635.91
Details
Intrinsic
Valuation
LowRealHigh
31.0533.1035.15
Details
Naive
Forecast
LowNextHigh
30.1132.1634.21
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
32.3233.4634.60
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Precious Metals. Your research has to be compared to or analyzed against Precious Metals' peers to derive any actionable benefits. When done correctly, Precious Metals' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Precious Metals Fund.

Precious Metals Fund Backtested Returns

We consider Precious Metals very steady. Precious Metals Fund maintains Sharpe Ratio (i.e., Efficiency) of 0.0039, which implies the entity had a 0.0039% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Precious Metals Fund, which you can use to evaluate the volatility of the fund. Please check Precious Metals' Variance of 4.01, risk adjusted performance of 0.0044, and Coefficient Of Variation of (19,322) to confirm if the risk estimate we provide is consistent with the expected return of 0.008%. The fund holds a Beta of 2.21, 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, Precious Metals will likely underperform.

Auto-correlation

    
  0.09  

Virtually no predictability

Precious Metals Fund has virtually no predictability. Overlapping area represents the amount of predictability between Precious Metals time series from 30th of September 2023 to 29th of December 2023 and 29th of December 2023 to 28th of March 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 Precious Metals Fund price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Precious Metals price fluctuation can be explain by its past prices.
Correlation Coefficient0.09
Spearman Rank Test0.08
Residual Average0.0
Price Variance2.74

Precious Metals Fund lagged returns against current returns

Autocorrelation, which is Precious Metals 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 Precious Metals' mutual fund expected returns. We can calculate the autocorrelation of Precious Metals returns to help us make a trade decision. For example, suppose you find that Precious Metals 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  

Precious Metals 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 Precious Metals mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Precious Metals mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Precious Metals mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Precious Metals Lagged Returns

When evaluating Precious Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Precious Metals mutual fund have on its future price. Precious Metals 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, Precious Metals autocorrelation shows the relationship between Precious Metals mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Precious Metals Fund.
   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 Precious Metals 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, Precious Metals' short interest history, or implied volatility extrapolated from Precious Metals options trading.

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Check out Precious Metals Correlation, Precious Metals Volatility and Precious Metals Alpha and Beta module to complement your research on Precious Metals.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Precious Metals' price analysis, check to measure Precious Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precious Metals is operating at the current time. Most of Precious Metals' value examination focuses on studying past and present price action to predict the probability of Precious Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precious Metals' price. Additionally, you may evaluate how the addition of Precious Metals to your portfolios can decrease your overall portfolio volatility.
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Precious Metals 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.
A focus of Precious Metals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Precious Metals trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...