TMCIX Mutual Fund Manager Performance Evaluation

TMCIX -  USA Fund  

USD 20.85  0.41  2.01%

The entity owns a Beta (Systematic Risk) of 0.0285, which implies not very significant fluctuations relative to the market. Let's try to break down what TMCIX's beta means in this case. As returns on the market increase, RBC Smid returns are expected to increase less than the market. However, during the bear market, the loss on holding RBC Smid will be expected to be smaller as well. Although it is extremely important to respect RBC Smid Cap existing price patterns, it is better to be realistic regarding the information on equity price patterns. The approach towards forecasting future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating RBC Smid Cap technical indicators, you can right now evaluate if the expected return of 0.0342% will be sustainable into the future.

TMCIX Mutual Fund Performance 

 
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TMCIX Performance
2 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in RBC Smid Cap are ranked lower than 2 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, RBC Smid is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low17.28
Fifty Two Week High22.21
Annual Report Expense Ratio0.82%

RBC Smid Relative Risk vs. Return Landscape

If you would invest  2,047  in RBC Smid Cap on September 9, 2021 and sell it today you would earn a total of  38.00  from holding RBC Smid Cap or generate 1.86% return on investment over 90 days. RBC Smid Cap is currently producing 0.0342% returns and takes up 1.0038% volatility of returns over 90 trading days. Put another way, 8% of traded mutual funds are less volatile than TMCIX, 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 RBC Smid is expected to generate 1.19 times less return on investment than the market. In addition to that, the company is 1.14 times more volatile than its market benchmark. It trades about 0.03 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.05 per unit of volatility.

RBC Smid Current Valuation

Fairly Valued
Today
20.85
8th of December 2021
Share
Please note that RBC Smid's price fluctuation is very steady at this time.
RBC Smid Cap owns a latest Real Value of $20.9 per share. The recent price of the fund is $20.85. At this time, the entity appears to be fairly valued. We determine the value of RBC Smid Cap from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued equities and dropping overvalued equities since, in the future, stock prices and their ongoing real values will converge.
Our valuation method for RBC Smid Cap is useful when determining the fair value of the TMCIX mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of RBC Smid. Since RBC Smid is currently traded on the exchange, buyers and sellers on that exchange determine the market value of TMCIX Mutual Fund. However, RBC Smid'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.
20.90
Real Value
21.90
Upside
Estimating the potential upside or downside of RBC Smid Cap helps investors to forecast how TMCIX 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 RBC Smid more accurately as focusing exclusively on RBC Smid's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.4021.5722.75
Details
Hype
Prediction
LowEstimated ValueHigh
19.8520.8521.85
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
0.510.520.53
Details

RBC Smid Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Smid's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as RBC Smid Cap, and traders can use it to determine the average amount a RBC Smid'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 = 0.0341

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Estimated Market Risk
 1.0
  actual daily
 
 8 %
of total potential
 
88
Expected Return
 0.03
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 0.03
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 2 %
of total potential
 
22
Based on monthly moving average RBC Smid is performing at about 2% 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 RBC Smid by adding it to a well-diversified portfolio.

About RBC Smid Performance

To evaluate RBC Smid Cap 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 RBC Smid 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 TMCIX 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 RBC Smid Cap 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 TMCIX'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 fund seeks long-term capital appreciation by normally investing at least 80 percent of its assets in common stocks of small- and mid-capitalization growth companies that fall within the market capitalization range of the Russell 2500 Growth Index at the time of investment. RBC Smid is traded on NASDAQ Exchange in the United States.

Things to note about RBC Smid Cap

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

RBC Smid Alerts

Equity Alerts and Improvement Suggestions

RBC Smid Cap is unlikely to experience financial distress in the next 2 years
The fund maintains 97.99% of its assets in stocks
Additionally, take a look at World Market Map. Note that the RBC Smid Cap information on this page should be used as a complementary analysis to other RBC Smid'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 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..

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