Mid Cap 15x Strategy Fund Market Value
RYDCX Fund | USD 105.47 0.58 0.55% |
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.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Mid-cap 15x on February 27, 2024 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 30 days. Mid-cap 15x is related to or competes with USCF Gold, Basic Materials, Basic Materials, Banking Fund, Basic Materials, Sp Midcap, and Basic Materials. 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 | 1.37 | |||
Information Ratio | 0.0437 | |||
Maximum Drawdown | 5.69 | |||
Value At Risk | (1.83) | |||
Potential Upside | 2.04 |
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 | 0.0868 | |||
Jensen Alpha | 0.2096 | |||
Total Risk Alpha | (0.11) | |||
Sortino Ratio | 0.042 | |||
Treynor Ratio | (0.81) |
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 Strategy Backtested Returns
Mid-cap 15x appears to be very steady, given 3 months investment horizon. Mid-cap 15x Strategy has Sharpe Ratio of 0.16, which conveys that the entity had a 0.16% 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 exercise Mid-cap 15x's Downside Deviation of 1.37, risk adjusted performance of 0.0868, and Mean Deviation of 1.03 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mid-cap 15x are expected to decrease at a much lower rate. During the bear market, Mid-cap 15x is likely to outperform the market.
Auto-correlation | 0.72 |
Good predictability
Mid Cap 15x Strategy has good predictability. Overlapping area represents the amount of predictability between Mid-cap 15x time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 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 Mid-cap 15x Strategy price movement. The serial correlation of 0.72 indicates that around 72.0% of current Mid-cap 15x price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.72 | |
Spearman Rank Test | 0.73 | |
Residual Average | 0.0 | |
Price Variance | 4.32 |
Mid-cap 15x Strategy 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 |
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 Mid-cap 15x 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, Mid-cap 15x's short interest history, or implied volatility extrapolated from Mid-cap 15x options trading.
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 Strategy 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Mid-cap Mutual Fund analysis
When running Mid-cap 15x's price analysis, check to measure Mid-cap 15x'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 Mid-cap 15x is operating at the current time. Most of Mid-cap 15x's value examination focuses on studying past and present price action to predict the probability of Mid-cap 15x's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mid-cap 15x's price. Additionally, you may evaluate how the addition of Mid-cap 15x to your portfolios can decrease your overall portfolio volatility.
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