Sp 500 Pure Fund Market Value
| RYVVX Fund | USD 79.93 0.29 0.36% |
| Symbol | RYVVX |
Sp 500 '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 Sp 500'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 Sp 500.
| 04/30/2023 |
| 04/24/2024 |
If you would invest 0.00 in Sp 500 on April 30, 2023 and sell it all today you would earn a total of 0.00 from holding Sp 500 Pure or generate 0.0% return on investment in Sp 500 over 360 days. Sp 500 is related to or competes with Sp 500, Sp Smallcap, Sp Midcap, Sp Smallcap, and Sp Midcap. The fund employs as its investment strategy a program of investing in the common stock of companies that are within the ... More
Sp 500 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 Sp 500'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 Sp 500 Pure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9697 | |||
| Information Ratio | 0.0276 | |||
| Maximum Drawdown | 3.97 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.51 |
Sp 500 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sp 500's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sp 500's standard deviation. In reality, there are many statistical measures that can use Sp 500 historical prices to predict the future Sp 500's volatility.| Risk Adjusted Performance | 0.0854 | |||
| Jensen Alpha | 0.0124 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0238 | |||
| Treynor Ratio | 0.0901 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sp 500'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.
Sp 500 Pure Backtested Returns
We consider Sp 500 very steady. Sp 500 Pure retains Efficiency (Sharpe Ratio) of 0.1, which indicates the fund had a 0.1% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Sp 500, which you can use to evaluate the volatility of the fund. Please validate Sp 500's Risk Adjusted Performance of 0.0854, downside deviation of 0.9697, and Mean Deviation of 0.6257 to confirm if the risk estimate we provide is consistent with the expected return of 0.0866%. The entity owns a Beta (Systematic Risk) of 1.14, which indicates a somewhat significant risk relative to the market. Sp 500 returns are very sensitive to returns on the market. As the market goes up or down, Sp 500 is expected to follow.
Auto-correlation | 0.19 |
Very weak predictability
Sp 500 Pure has very weak predictability. Overlapping area represents the amount of predictability between Sp 500 time series from 30th of April 2023 to 27th of October 2023 and 27th of October 2023 to 24th 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 Sp 500 Pure price movement. The serial correlation of 0.19 indicates that over 19.0% of current Sp 500 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 18.9 |
Sp 500 Pure lagged returns against current returns
Autocorrelation, which is Sp 500 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 Sp 500's mutual fund expected returns. We can calculate the autocorrelation of Sp 500 returns to help us make a trade decision. For example, suppose you find that Sp 500 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 |
Sp 500 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 Sp 500 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sp 500 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sp 500 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sp 500 Lagged Returns
When evaluating Sp 500's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sp 500 mutual fund have on its future price. Sp 500 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, Sp 500 autocorrelation shows the relationship between Sp 500 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sp 500 Pure.
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 Sp 500 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, Sp 500's short interest history, or implied volatility extrapolated from Sp 500 options trading.
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Check out Sp 500 Correlation, Sp 500 Volatility and Sp 500 Alpha and Beta module to complement your research on Sp 500. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Sp 500 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.