Japan 2x Strategy Fund Market Value
| RYJTX Fund | USD 117.46 2.94 2.57% |
| Symbol | Japan |
Japan 2x '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 Japan 2x'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 Japan 2x.
| 06/26/2024 |
| 07/26/2024 |
If you would invest 0.00 in Japan 2x on June 26, 2024 and sell it all today you would earn a total of 0.00 from holding Japan 2x Strategy or generate 0.0% return on investment in Japan 2x over 30 days. Japan 2x is related to or competes with Locorr Dynamic, Guidemark, Scharf Fund, Gmo International, Dodge Cox, and Cutler Equity. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally w... More
Japan 2x 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 Japan 2x'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 Japan 2x Strategy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 3.01 |
Japan 2x Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Japan 2x's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Japan 2x's standard deviation. In reality, there are many statistical measures that can use Japan 2x historical prices to predict the future Japan 2x's volatility.| Risk Adjusted Performance | 0.0064 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Japan 2x'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.
Japan 2x Strategy Backtested Returns
Japan 2x Strategy holds Efficiency (Sharpe) Ratio of -0.0127, which attests that the entity had a -0.0127% return per unit of risk over the last 3 months. Japan 2x Strategy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Japan 2x's Risk Adjusted Performance of 0.0064, market risk adjusted performance of 0.0023, and Standard Deviation of 2.09 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 1.5, which attests to 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, Japan 2x will likely underperform.
Auto-correlation | -0.98 |
Near perfect reversele predictability
Japan 2x Strategy has near perfect reversele predictability. Overlapping area represents the amount of predictability between Japan 2x time series from 26th of June 2024 to 11th of July 2024 and 11th of July 2024 to 26th of July 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 Japan 2x Strategy price movement. The serial correlation of -0.98 indicates that 98.0% of current Japan 2x price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.98 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 29.27 |
Japan 2x Strategy lagged returns against current returns
Autocorrelation, which is Japan 2x 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 Japan 2x's mutual fund expected returns. We can calculate the autocorrelation of Japan 2x returns to help us make a trade decision. For example, suppose you find that Japan 2x 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 |
Japan 2x 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 Japan 2x mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Japan 2x mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Japan 2x mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Japan 2x Lagged Returns
When evaluating Japan 2x's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Japan 2x mutual fund have on its future price. Japan 2x 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, Japan 2x autocorrelation shows the relationship between Japan 2x mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Japan 2x Strategy.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Japan Mutual Fund
Japan 2x financial ratios help investors to determine whether Japan Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Japan with respect to the benefits of owning Japan 2x security.
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