Rbc North American Fund Market Value
| 0P000075U8 | 42.89 0.57 1.31% |
| Symbol | Rbc |
Rbc North '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 Rbc North's 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 Rbc North.
| 03/09/2023 |
| 02/26/2025 |
If you would invest 0.00 in Rbc North on March 9, 2023 and sell it all today you would earn a total of 0.00 from holding Rbc North American or generate 0.0% return on investment in Rbc North over 720 days.
Rbc North 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 Rbc North's 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 Rbc North American upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.43 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.7902 |
Rbc North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rbc North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rbc North's standard deviation. In reality, there are many statistical measures that can use Rbc North historical prices to predict the future Rbc North's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 5.97 |
Rbc North American Backtested Returns
Rbc North American maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the entity had a -0.11 % return per unit of risk over the last 3 months. Rbc North American exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rbc North's Risk Adjusted Performance of (0.05), coefficient of variation of (1,391), and Variance of 0.9152 to confirm the risk estimate we provide. The fund holds a Beta of -0.0132, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rbc North are expected to decrease at a much lower rate. During the bear market, Rbc North is likely to outperform the market.
Auto-correlation | 0.68 |
Good predictability
Rbc North American has good predictability. Overlapping area represents the amount of predictability between Rbc North time series from 9th of March 2023 to 3rd of March 2024 and 3rd of March 2024 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Rbc North American price movement. The serial correlation of 0.68 indicates that around 68.0% of current Rbc North price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 4.46 |
Rbc North American lagged returns against current returns
Autocorrelation, which is Rbc North 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 Rbc North's fund expected returns. We can calculate the autocorrelation of Rbc North returns to help us make a trade decision. For example, suppose you find that Rbc North has exhibited high autocorrelation historically, and you observe that the 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 |
Rbc North 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 Rbc North fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rbc North fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rbc North fund over time.
Current vs Lagged Prices |
| Timeline |
Rbc North Lagged Returns
When evaluating Rbc North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rbc North fund have on its future price. Rbc North 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, Rbc North autocorrelation shows the relationship between Rbc North fund current value and its past values and can show if there is a momentum factor associated with investing in Rbc North American.
Regressed Prices |
| Timeline |
Pair Trading with Rbc North
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Rbc North position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Rbc North will appreciate offsetting losses from the drop in the long position's value.Moving together with Rbc Fund
| 0.93 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.95 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
| 0.93 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.75 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
The ability to find closely correlated positions to Rbc North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rbc North when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rbc North - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rbc North American to buy it.
The correlation of Rbc North is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rbc North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rbc North American moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Rbc North can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
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