Royce Smaller Companies Growth Fund Market Value
| RYVPX Fund | USD 6.60 0.13 2.01% |
| Symbol | Royce |
Royce Smaller '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 Royce Smaller'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 Royce Smaller.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Royce Smaller on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Royce Smaller Companies Growth or generate 0.0% return on investment in Royce Smaller over 30 days. Royce Smaller is related to or competes with Royce Small, Marsico 21st, Kinetics Paradigm, Hodges Fund, and Fidelity Leveraged. The funds investment adviser invests the funds assets primarily in equity securities of companies with stock market capi... More
Royce Smaller 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 Royce Smaller'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 Royce Smaller Companies Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 6.06 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.03 |
Royce Smaller Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Smaller's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royce Smaller's standard deviation. In reality, there are many statistical measures that can use Royce Smaller historical prices to predict the future Royce Smaller's volatility.| Risk Adjusted Performance | 0.0454 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0427 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Royce Smaller'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.
Royce Smaller Companies Backtested Returns
We consider Royce Smaller not too volatile. Royce Smaller Companies maintains Sharpe Ratio (i.e., Efficiency) of 0.0551, which implies the entity had a 0.0551% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Royce Smaller Companies, which you can use to evaluate the volatility of the fund. Please check Royce Smaller's Coefficient Of Variation of 1533.58, semi deviation of 1.4, and Risk Adjusted Performance of 0.0454 to confirm if the risk estimate we provide is consistent with the expected return of 0.0723%. The fund holds a Beta of 1.76, 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, Royce Smaller will likely underperform.
Auto-correlation | 0.27 |
Poor predictability
Royce Smaller Companies Growth has poor predictability. Overlapping area represents the amount of predictability between Royce Smaller time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 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 Royce Smaller Companies price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Royce Smaller price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Royce Smaller Companies lagged returns against current returns
Autocorrelation, which is Royce Smaller 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 Royce Smaller's mutual fund expected returns. We can calculate the autocorrelation of Royce Smaller returns to help us make a trade decision. For example, suppose you find that Royce Smaller 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 |
Royce Smaller 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 Royce Smaller mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royce Smaller mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royce Smaller mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Royce Smaller Lagged Returns
When evaluating Royce Smaller's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royce Smaller mutual fund have on its future price. Royce Smaller 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, Royce Smaller autocorrelation shows the relationship between Royce Smaller mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Royce Smaller Companies Growth.
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 Royce Smaller 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, Royce Smaller's short interest history, or implied volatility extrapolated from Royce Smaller options trading.
Currently Active Assets on Macroaxis
Check out Royce Smaller Correlation, Royce Smaller Volatility and Royce Smaller Alpha and Beta module to complement your research on Royce Smaller. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Royce Smaller 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.