Royce Mutual Fund Manager Performance Evaluation

RDVCX -  USA Fund  

USD 8.41  0.20  2.44%

The fund holds a Beta of 1.0184, which implies a somewhat significant risk relative to the market. Let's try to break down what Royce's beta means in this case. Royce Dividend returns are very sensitive to returns on the market. As the market goes up or down, Royce Dividend is expected to follow. Even though it is essential to pay attention to Royce Dividend Value current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Royce Dividend Value exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Royce Mutual Fund Performance 

 
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Royce Performance
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Over the last 90 days Royce Dividend Value has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong fundamental indicators, Royce Dividend is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low7.07
Fifty Two Week High8.99
Annual Report Expense Ratio2.09%

Royce Dividend Relative Risk vs. Return Landscape

If you would invest  853.00  in Royce Dividend Value on September 4, 2021 and sell it today you would lose (12.00)  from holding Royce Dividend Value or give up 1.41% of portfolio value over 90 days. Royce Dividend Value is currently producing negative expected returns and takes up 0.9687% volatility of returns over 90 trading days. Put another way, 8% of traded mutual funds are less volatile than Royce, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon Royce Dividend is expected to generate 1.16 times more return on investment than the market. However, the company is 1.16 times more volatile than its market benchmark. It trades about -0.02 of its potential returns per unit of risk. The DOW is currently generating roughly -0.02 per unit of risk.

Royce Dividend Current Valuation

Fairly Valued
Today
8.41
3rd of December 2021
Share
Please note that Royce Dividend's price fluctuation is not too volatile at this time.
Royce Dividend Value holds a recent Real Value of $8.45 per share. The prevailing price of the fund is $8.41. At this time, the fund appears to be fairly valued. We determine the value of Royce Dividend Value from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued entities and dropping overvalued entities since, at some point, stock prices and their ongoing real values will merge together.
Our valuation method for Royce Dividend Value is useful when determining the fair value of the Royce mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Royce Dividend. Since Royce Dividend is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Royce Mutual Fund. However, Royce Dividend's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
8.45
Real Value
9.42
Upside
Estimating the potential upside or downside of Royce Dividend Value helps investors to forecast how Royce mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Royce Dividend more accurately as focusing exclusively on Royce Dividend's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.318.729.13
Details
Hype
Prediction
LowEstimated ValueHigh
7.448.419.38
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
0.440.460.49
Details

Royce Dividend Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Dividend's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Royce Dividend Value, and traders can use it to determine the average amount a Royce Dividend's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0184

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Negative ReturnsRDVCX
Estimated Market Risk
 0.97
  actual daily
 
 8 %
of total potential
 
88
Expected Return
 -0.02
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.02
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 0 %
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00
Based on monthly moving average Royce Dividend is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Royce Dividend by adding it to a well-diversified portfolio.

About Royce Dividend Performance

To evaluate Royce Dividend Value Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Royce Dividend generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Royce Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Royce Dividend Value stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Royce's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks long-term growth of capital and current income. Royce Dividend is traded on NASDAQ Exchange in the United States.

Things to note about Royce Dividend Value

Checking the ongoing alerts about Royce Dividend for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Royce Dividend Value help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Royce Dividend Alerts

Equity Alerts and Improvement Suggestions

Royce Dividend Value generated a negative expected return over the last 90 days
The fund maintains 98.88% of its assets in stocks
Additionally, take a look at Your Equity Center. Note that the Royce Dividend Value information on this page should be used as a complementary analysis to other Royce Dividend'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Royce Dividend Value price analysis, check to measure Royce Dividend'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 Royce Dividend is operating at the current time. Most of Royce Dividend's value examination focuses on studying past and present price action to predict the probability of Royce Dividend's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Royce Dividend's price. Additionally, you may evaluate how the addition of Royce Dividend to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Royce Dividend's value and its price as these two are different measures arrived at by different means. Investors typically determine Royce Dividend value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royce Dividend's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.