Inverse Nasdaq 100 2x Fund Market Value
| RYVTX Fund | USD 18.33 0.41 2.19% |
| Symbol | Inverse |
Inverse Nasdaq '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'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.
| 04/08/2024 |
| 05/08/2024 |
If you would invest 0.00 in Inverse Nasdaq on April 8, 2024 and sell it all today you would earn a total of 0.00 from holding Inverse Nasdaq 100 2x or generate 0.0% return on investment in Inverse Nasdaq over 30 days. Inverse Nasdaq is related to or competes with Stocksplus, Pimco Stocksplus, Pimco Stocksplus, Grizzly Short, and Inverse Sp. The fund employs as its investment strategy a program of engaging in short sales of securities generally included in the... More
Inverse Nasdaq 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'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 2x upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.17 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 3.41 |
Inverse Nasdaq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inverse Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inverse Nasdaq's standard deviation. In reality, there are many statistical measures that can use Inverse Nasdaq historical prices to predict the future Inverse Nasdaq's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | 0.0531 | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.0426 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inverse Nasdaq'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
Inverse Nasdaq 100 holds Efficiency (Sharpe) Ratio of -0.0082, which attests that the entity had a -0.0082% return per unit of risk over the last 3 months. Inverse Nasdaq 100 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inverse Nasdaq's Standard Deviation of 2.18, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of 0.0526 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -2.34, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Inverse Nasdaq are expected to decrease by larger amounts. On the other hand, during market turmoil, Inverse Nasdaq is expected to outperform it.
Auto-correlation | -0.62 |
Very good reverse predictability
Inverse Nasdaq 100 2x has very good reverse predictability. Overlapping area represents the amount of predictability between Inverse Nasdaq time series from 8th of April 2024 to 23rd of April 2024 and 23rd of April 2024 to 8th of May 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 -0.62 indicates that roughly 62.0% of current Inverse Nasdaq price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Inverse Nasdaq 100 lagged returns against current returns
Autocorrelation, which is Inverse Nasdaq 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's mutual fund expected returns. We can calculate the autocorrelation of Inverse Nasdaq returns to help us make a trade decision. For example, suppose you find that Inverse Nasdaq 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inverse Nasdaq 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Inverse Nasdaq Lagged Returns
When evaluating Inverse Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inverse Nasdaq mutual fund have on its future price. Inverse Nasdaq 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 autocorrelation shows the relationship between Inverse Nasdaq mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Inverse Nasdaq 100 2x.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Inverse Nasdaq Correlation, Inverse Nasdaq Volatility and Inverse Nasdaq Alpha and Beta module to complement your research on Inverse Nasdaq. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Inverse Nasdaq 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.