Rydex Inverse Nasdaq 100 Fund Market Value
| RYCDX Fund | USD 16.97 0.34 1.96% |
| Symbol | Rydex |
Rydex Inverse '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 Rydex Inverse'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 Rydex Inverse.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Rydex Inverse on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Rydex Inverse Nasdaq 100 or generate 0.0% return on investment in Rydex Inverse over 30 days. Rydex Inverse 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 generally included in the... More
Rydex Inverse 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 Rydex Inverse'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 Rydex Inverse Nasdaq 100 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.91 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.4 |
Rydex Inverse Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rydex Inverse's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rydex Inverse's standard deviation. In reality, there are many statistical measures that can use Rydex Inverse historical prices to predict the future Rydex Inverse's volatility.| Risk Adjusted Performance | 0.0021 | |||
| Jensen Alpha | 0.1405 | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.0123 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rydex Inverse'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.
Rydex Inverse Nasdaq Backtested Returns
We consider Rydex Inverse not too volatile. Rydex Inverse Nasdaq maintains Sharpe Ratio (i.e., Efficiency) of 0.0426, which implies the entity had a 0.0426% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Rydex Inverse Nasdaq, which you can use to evaluate the volatility of the fund. Please check Rydex Inverse's Coefficient Of Variation of (12,131), risk adjusted performance of 0.0021, and Variance of 4.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.0899%. The fund holds a Beta of -2.23, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Rydex Inverse are expected to decrease by larger amounts. On the other hand, during market turmoil, Rydex Inverse is expected to outperform it.
Auto-correlation | 0.70 |
Good predictability
Rydex Inverse Nasdaq 100 has good predictability. Overlapping area represents the amount of predictability between Rydex Inverse 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 Rydex Inverse Nasdaq price movement. The serial correlation of 0.7 indicates that around 70.0% of current Rydex Inverse price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Rydex Inverse Nasdaq lagged returns against current returns
Autocorrelation, which is Rydex Inverse 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 Rydex Inverse's mutual fund expected returns. We can calculate the autocorrelation of Rydex Inverse returns to help us make a trade decision. For example, suppose you find that Rydex Inverse 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 |
Rydex Inverse 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 Rydex Inverse mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rydex Inverse mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rydex Inverse mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rydex Inverse Lagged Returns
When evaluating Rydex Inverse's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rydex Inverse mutual fund have on its future price. Rydex Inverse 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, Rydex Inverse autocorrelation shows the relationship between Rydex Inverse mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rydex Inverse Nasdaq 100.
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 Rydex Inverse 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, Rydex Inverse's short interest history, or implied volatility extrapolated from Rydex Inverse options trading.
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Check out Rydex Inverse Correlation, Rydex Inverse Volatility and Rydex Inverse Alpha and Beta module to complement your research on Rydex Inverse. Note that the Rydex Inverse Nasdaq information on this page should be used as a complementary analysis to other Rydex Inverse'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Rydex Inverse 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.