Opportunity Fund Class Fund Market Value
| RESCX Fund | USD 7.89 0.05 0.63% |
| Symbol | Opportunity |
Opportunity 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 Opportunity 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 Opportunity Fund.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Opportunity Fund on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Opportunity Fund Class or generate 0.0% return on investment in Opportunity Fund over 30 days. Opportunity Fund is related to or competes with Balanced Fund, Scharf Global, Rbb Fund, Aam Select, and Ab Value. The fund seeks to achieve its investment objective by investing all of its assets in the Portfolio, which has the same i... More
Opportunity 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 Opportunity 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 Opportunity Fund Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.62 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 1.66 |
Opportunity Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opportunity Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Opportunity Fund's standard deviation. In reality, there are many statistical measures that can use Opportunity Fund historical prices to predict the future Opportunity Fund's volatility.| Risk Adjusted Performance | 0.0147 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0057 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Opportunity 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.
Opportunity Fund Class Backtested Returns
We consider Opportunity Fund not too volatile. Opportunity Fund Class maintains Sharpe Ratio (i.e., Efficiency) of 0.0166, which implies the entity had a 0.0166% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Opportunity Fund Class, which you can use to evaluate the volatility of the fund. Please check Opportunity Fund's Coefficient Of Variation of 6040.63, semi deviation of 1.15, and Risk Adjusted Performance of 0.0147 to confirm if the risk estimate we provide is consistent with the expected return of 0.0184%. The fund holds a Beta of 1.49, 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, Opportunity Fund will likely underperform.
Auto-correlation | 0.44 |
Average predictability
Opportunity Fund Class has average predictability. Overlapping area represents the amount of predictability between Opportunity Fund 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 Opportunity Fund Class price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Opportunity Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Opportunity Fund Class lagged returns against current returns
Autocorrelation, which is Opportunity 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 Opportunity Fund's mutual fund expected returns. We can calculate the autocorrelation of Opportunity Fund returns to help us make a trade decision. For example, suppose you find that Opportunity 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 |
Opportunity 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 Opportunity Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Opportunity 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 Opportunity Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Opportunity Fund Lagged Returns
When evaluating Opportunity Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Opportunity Fund mutual fund have on its future price. Opportunity 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, Opportunity Fund autocorrelation shows the relationship between Opportunity Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Opportunity Fund Class.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Opportunity Fund Correlation, Opportunity Fund Volatility and Opportunity Fund Alpha and Beta module to complement your research on Opportunity Fund. Note that the Opportunity Fund Class information on this page should be used as a complementary analysis to other Opportunity 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Opportunity 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.