Mid Cap 15x Strategy Fund Market Value
| RYAHX Fund | USD 121.05 2.26 1.90% |
| Symbol | Mid-cap |
Mid-cap 15x '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 Mid-cap 15x'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 Mid-cap 15x.
| 02/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Mid-cap 15x on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Mid Cap 15x Strategy or generate 0.0% return on investment in Mid-cap 15x over 420 days. Mid-cap 15x is related to or competes with Basic Materials, Basic Materials, Banking Fund, Basic Materials, Sp Midcap, Basic Materials, and Biotechnology Fund. The fund employs as its investment strategy a program of investing in the common stock of companies that are within the ... More
Mid-cap 15x 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 Mid-cap 15x'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 Mid Cap 15x Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.024 | |||
| Maximum Drawdown | 5.71 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.17 |
Mid-cap 15x Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mid-cap 15x's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mid-cap 15x's standard deviation. In reality, there are many statistical measures that can use Mid-cap 15x historical prices to predict the future Mid-cap 15x's volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0218 | |||
| Treynor Ratio | 0.054 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mid-cap 15x'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.
Mid Cap 15x Backtested Returns
We consider Mid-cap 15x very steady. Mid Cap 15x has Sharpe Ratio of 0.0743, which conveys that the entity had a 0.0743% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mid-cap 15x, which you can use to evaluate the volatility of the fund. Please verify Mid-cap 15x's Downside Deviation of 1.52, mean deviation of 1.1, and Risk Adjusted Performance of 0.0602 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. The fund secures a Beta (Market Risk) of 2.08, which conveys 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, Mid-cap 15x will likely underperform.
Auto-correlation | 0.54 |
Modest predictability
Mid Cap 15x Strategy has modest predictability. Overlapping area represents the amount of predictability between Mid-cap 15x time series from 28th of February 2023 to 26th of September 2023 and 26th of September 2023 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 Mid Cap 15x price movement. The serial correlation of 0.54 indicates that about 54.0% of current Mid-cap 15x price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 133.86 |
Mid Cap 15x lagged returns against current returns
Autocorrelation, which is Mid-cap 15x 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 Mid-cap 15x's mutual fund expected returns. We can calculate the autocorrelation of Mid-cap 15x returns to help us make a trade decision. For example, suppose you find that Mid-cap 15x 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 |
Mid-cap 15x 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 Mid-cap 15x mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mid-cap 15x mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mid-cap 15x mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mid-cap 15x Lagged Returns
When evaluating Mid-cap 15x's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mid-cap 15x mutual fund have on its future price. Mid-cap 15x 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, Mid-cap 15x autocorrelation shows the relationship between Mid-cap 15x mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mid Cap 15x Strategy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Mid-cap 15x Correlation, Mid-cap 15x Volatility and Mid-cap 15x Alpha and Beta module to complement your research on Mid-cap 15x. Note that the Mid Cap 15x information on this page should be used as a complementary analysis to other Mid-cap 15x'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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Mid-cap 15x 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.