Inverse Nasdaq 100 Strategy Fund Market Value
| RYAIX Fund | USD 17.98 0.18 0.99% |
| Symbol | Inverse |
Inverse Nasdaq-100 '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 Inverse Nasdaq-100'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 Inverse Nasdaq-100.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Inverse Nasdaq-100 on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Inverse Nasdaq 100 Strategy or generate 0.0% return on investment in Inverse Nasdaq-100 over 270 days. Inverse Nasdaq-100 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 engaging in short sales of securities included in the underlyin... More
Inverse Nasdaq-100 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 Inverse Nasdaq-100'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 Inverse Nasdaq 100 Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.02 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.72 |
Inverse Nasdaq-100 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inverse Nasdaq-100's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inverse Nasdaq-100's standard deviation. In reality, there are many statistical measures that can use Inverse Nasdaq-100 historical prices to predict the future Inverse Nasdaq-100's volatility.| Risk Adjusted Performance | 0.005 | |||
| Jensen Alpha | 0.075 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0078 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inverse Nasdaq-100'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.
Inverse Nasdaq 100 Backtested Returns
We consider Inverse Nasdaq-100 very steady. Inverse Nasdaq 100 holds Efficiency (Sharpe) Ratio of 0.0518, which attests that the entity had a 0.0518% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Inverse Nasdaq 100, which you can use to evaluate the volatility of the entity. Please check out Inverse Nasdaq-100's Market Risk Adjusted Performance of 0.0178, risk adjusted performance of 0.005, and Downside Deviation of 1.1 to validate if the risk estimate we provide is consistent with the expected return of 0.0547%. The fund retains a Market Volatility (i.e., Beta) of -1.11, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Inverse Nasdaq-100 are expected to decrease slowly. On the other hand, during market turmoil, Inverse Nasdaq-100 is expected to outperform it slightly.
Auto-correlation | -0.29 |
Weak reverse predictability
Inverse Nasdaq 100 Strategy has weak reverse predictability. Overlapping area represents the amount of predictability between Inverse Nasdaq-100 time series from 28th of July 2023 to 10th of December 2023 and 10th of December 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 Inverse Nasdaq 100 price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Inverse Nasdaq-100 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Inverse Nasdaq 100 lagged returns against current returns
Autocorrelation, which is Inverse Nasdaq-100 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 Inverse Nasdaq-100's mutual fund expected returns. We can calculate the autocorrelation of Inverse Nasdaq-100 returns to help us make a trade decision. For example, suppose you find that Inverse Nasdaq-100 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 |
Inverse Nasdaq-100 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 Inverse Nasdaq-100 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inverse Nasdaq-100 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inverse Nasdaq-100 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Inverse Nasdaq-100 Lagged Returns
When evaluating Inverse Nasdaq-100's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inverse Nasdaq-100 mutual fund have on its future price. Inverse Nasdaq-100 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, Inverse Nasdaq-100 autocorrelation shows the relationship between Inverse Nasdaq-100 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Inverse Nasdaq 100 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 Inverse Nasdaq-100 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, Inverse Nasdaq-100's short interest history, or implied volatility extrapolated from Inverse Nasdaq-100 options trading.
Currently Active Assets on Macroaxis
Check out Inverse Nasdaq-100 Correlation, Inverse Nasdaq-100 Volatility and Inverse Nasdaq-100 Alpha and Beta module to complement your research on Inverse Nasdaq-100. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Inverse Nasdaq-100 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.