Royce Smaller Companies Growth Fund Manager Performance Evaluation
| RYVPX Fund | USD 8.12 0.14 1.69% |
The fund holds a Beta of 0.0837, which implies not very significant fluctuations relative to the market. As returns on the market increase, Royce Smaller's returns are expected to increase less than the market. However, during the bear market, the loss of holding Royce Smaller is expected to be smaller as well.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Royce Smaller Companies Growth are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Royce Smaller may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more| Expense Ratio Date | 1st of May 2023 | |
| Expense Ratio | 1.4900 |
Royce |
Royce Smaller Relative Risk vs. Return Landscape
If you would invest 722.00 in Royce Smaller Companies Growth on August 24, 2024 and sell it today you would earn a total of 90.00 from holding Royce Smaller Companies Growth or generate 12.47% return on investment over 90 days. Royce Smaller Companies Growth is currently producing 0.193% returns and takes up 1.3721% volatility of returns over 90 trading days. Put another way, 12% of traded mutual funds are less volatile than Royce, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Royce Smaller Current Valuation
Fairly Valued
Today
Please note that Royce Smaller's price fluctuation is not too volatile at this time. At this time, the fund appears to be fairly valued. Royce Smaller Companies holds a recent Real Value of $8.15 per share. The prevailing price of the fund is $8.12. We determine the value of Royce Smaller Companies from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Royce Smaller is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Royce Mutual Fund. However, Royce Smaller'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. | Historical | Market 8.12 | Real 8.15 | Hype 8.12 | Naive 7.87 |
The intrinsic value of Royce Smaller's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Royce Smaller's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Royce Smaller Companies Growth 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 Smaller more accurately as focusing exclusively on Royce Smaller's fundamentals will not take into account other important factors: Royce Smaller Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Smaller's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Royce Smaller Companies Growth, and traders can use it to determine the average amount a Royce Smaller'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 = 0.1406
| Best Portfolio | Best Equity | |||
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| Average Returns | ||||
| Small Returns | RYVPX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.37 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Royce Smaller is performing at about 11% 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 Smaller by adding it to a well-diversified portfolio.
Royce Smaller Fundamentals Growth
Royce Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Royce Smaller, and Royce Smaller fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Royce Mutual Fund performance.
| Price To Earning | 1.67 X | |||
| Price To Book | 2.75 X | |||
| Price To Sales | 1.79 X | |||
| Total Asset | 119.2 M | |||
About Royce Smaller Performance
Evaluating Royce Smaller's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Royce Smaller has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Royce Smaller has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The funds investment adviser invests the funds assets primarily in equity securities of companies with stock market capitalizations up to 7.5 billion that the adviser believes have above-average growth prospects. Normally, the fund invests at least 80 percent of its net assets in equity securities of companies with stock market capitalizations up to 7.5 billion. Although the fund normally focuses on securities of U.S. companies, it may invest up to 25 percent of its net assets in securities of companies headquartered in foreign countries.Things to note about Royce Smaller Companies performance evaluation
Checking the ongoing alerts about Royce Smaller for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Royce Smaller Companies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -5.0% | |
| Royce Smaller Companies maintains about 5.48% of its assets in cash |
- Analyzing Royce Smaller's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Royce Smaller's stock is overvalued or undervalued compared to its peers.
- Examining Royce Smaller's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Royce Smaller's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Royce Smaller's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Royce Smaller's mutual fund. These opinions can provide insight into Royce Smaller's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Royce Mutual Fund
Royce Smaller financial ratios help investors to determine whether Royce 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 Royce with respect to the benefits of owning Royce Smaller security.
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| Fundamental Analysis View fundamental data based on most recent published financial statements |