Technology Fund Class Fund Market Value

RYTHX Fund  USD 172.61  0.68  0.39%   
Technology Fund's market value is the price at which a share of Technology Fund trades on a public exchange. It measures the collective expectations of Technology Fund Class investors about its performance. Technology Fund is trading at 172.61 as of the 28th of March 2024; that is -0.39 percent down since the beginning of the trading day. The fund's open price was 173.29.
With this module, you can estimate the performance of a buy and hold strategy of Technology Fund Class and determine expected loss or profit from investing in Technology Fund over a given investment horizon. Check out Technology Fund Correlation, Technology Fund Volatility and Technology Fund Alpha and Beta module to complement your research on Technology Fund.
Symbol

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

Technology Fund '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 Technology Fund'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 Technology Fund.
0.00
02/02/2023
No Change 0.00  0.0 
In 1 year 1 month and 25 days
03/28/2024
0.00
If you would invest  0.00  in Technology Fund on February 2, 2023 and sell it all today you would earn a total of 0.00 from holding Technology Fund Class or generate 0.0% return on investment in Technology Fund over 420 days. Technology Fund is related to or competes with Mind Technology, VHAI, Voxeljet, VivoPower International, Exela Technologies, Basic Materials, and Government Long. Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Technology Comp... More

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

Technology Fund Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technology Fund's standard deviation. In reality, there are many statistical measures that can use Technology Fund historical prices to predict the future Technology Fund's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Technology Fund'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.
Hype
Prediction
LowEstimatedHigh
171.31172.61173.91
Details
Intrinsic
Valuation
LowRealHigh
172.06173.36174.66
Details
Naive
Forecast
LowNextHigh
170.39171.70173.00
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
172.20172.84173.48
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Technology Fund. Your research has to be compared to or analyzed against Technology Fund's peers to derive any actionable benefits. When done correctly, Technology Fund's 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 Technology Fund Class.

Technology Fund Class Backtested Returns

We consider Technology Fund very steady. Technology Fund Class owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Technology Fund Class, which you can use to evaluate the volatility of the fund. Please validate Technology Fund's Coefficient Of Variation of 659.34, semi deviation of 0.9685, and Risk Adjusted Performance of 0.0899 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The entity has a beta of 0.056, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Technology Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Technology Fund is expected to be smaller as well.

Auto-correlation

    
  0.87  

Very good predictability

Technology Fund Class has very good predictability. Overlapping area represents the amount of predictability between Technology Fund time series from 2nd of February 2023 to 31st of August 2023 and 31st of August 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 Technology Fund Class price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Technology Fund price fluctuation can be explain by its past prices.
Correlation Coefficient0.87
Spearman Rank Test0.77
Residual Average0.0
Price Variance207.48

Technology Fund Class lagged returns against current returns

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

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

Technology Fund Lagged Returns

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

Currently Active Assets on Macroaxis

Check out Technology Fund Correlation, Technology Fund Volatility and Technology Fund Alpha and Beta module to complement your research on Technology Fund.
Note that the Technology Fund Class information on this page should be used as a complementary analysis to other Technology Fund'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Technology Mutual Fund analysis

When running Technology Fund's price analysis, check to measure Technology Fund's 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 Technology Fund is operating at the current time. Most of Technology Fund's value examination focuses on studying past and present price action to predict the probability of Technology Fund's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Technology Fund's price. Additionally, you may evaluate how the addition of Technology Fund to your portfolios can decrease your overall portfolio volatility.
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Technology Fund 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 Technology Fund technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Technology Fund 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...