JAPAN Mutual Fund Market Value
| RYJTX Fund | USD 121.15 4.72 0.24% |
| 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.
| 08/26/2023 |
| 09/25/2023 |
If you would invest 0.00 in JAPAN 2X on August 26, 2023 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 TAXABLE MUNICIPAL, FEDERATED MUNICIPAL, OLD WESTBURY, GOLDMAN SACHS, and WESTCORE MUNICIPAL. 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 | (0.08) | |||
| Maximum Drawdown | 9.92 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 2.85 |
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 | (0.040616) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (1.12) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of JAPAN 2X in the context of predictive analytics.
JAPAN 2X STRATEGY Backtested Returns
JAPAN 2X STRATEGY holds Efficiency (Sharpe) Ratio of -0.0785, which attests that the fund had -0.0785% of return per unit of volatility over the last 3 months. Our viewpoint regarding determining the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. JAPAN 2X STRATEGY exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check out JAPAN 2X market risk adjusted performance of (1.11), and Coefficient Of Variation of (1,274) to validate the risk estimate we provide. The entity retains a Market Volatility (i.e., Beta) of 0.1462, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JAPAN 2X returns are expected to increase less than the market. However, during the bear market, the loss on holding JAPAN 2X will be expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
JAPAN 2X STRATEGY has modest predictability. Overlapping area represents the amount of predictability between JAPAN 2X time series from 26th of August 2023 to 10th of September 2023 and 10th of September 2023 to 25th of September 2023. 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 0.59 indicates that roughly 59.0% of current JAPAN 2X price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 6.36 |
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 mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock 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 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in JAPAN 2X without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Check out JAPAN 2X Correlation, JAPAN 2X Volatility and JAPAN 2X Alpha and Beta module to complement your research on JAPAN 2X. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for JAPAN Mutual Fund analysis
When running JAPAN 2X's price analysis, check to measure JAPAN 2X's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JAPAN 2X is operating at the current time. Most of JAPAN 2X's value examination focuses on studying past and present price action to predict the probability of JAPAN 2X's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JAPAN 2X's price. Additionally, you may evaluate how the addition of JAPAN 2X to your portfolios can decrease your overall portfolio volatility.
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JAPAN 2X 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.