Opportunity Fund Class Fund Market Value
| RESCX Fund | USD 9.34 0.12 1.30% |
| Symbol | Opportunity |
Opportunity Fund '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 Opportunity Fund'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 Opportunity Fund.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Opportunity Fund on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Opportunity Fund Class or generate 0.0% return on investment in Opportunity Fund over 30 days. Opportunity Fund is related to or competes with Allianzgi Technology, Science Technology, Hennessy Technology, Columbia Global, Specialized Technology, Invesco Technology, and Icon Information. The fund seeks to achieve its investment objective by investing all of its assets in the Portfolio, which has the same i... More
Opportunity Fund 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 Opportunity Fund'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 Opportunity Fund Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.0092 | |||
| Maximum Drawdown | 7.1 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.86 |
Opportunity Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opportunity Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Opportunity Fund's standard deviation. In reality, there are many statistical measures that can use Opportunity Fund historical prices to predict the future Opportunity Fund's volatility.| Risk Adjusted Performance | 0.0873 | |||
| Jensen Alpha | 0.0504 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0084 | |||
| Treynor Ratio | 0.1815 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Opportunity Fund'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.
Opportunity Fund Class Backtested Returns
At this stage we consider Opportunity Mutual Fund to be not too volatile. Opportunity Fund Class 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. We have found twenty-seven technical indicators for Opportunity Fund Class, which you can use to evaluate the volatility of the fund. Please check Opportunity Fund's Coefficient Of Variation of 982.23, risk adjusted performance of 0.0873, and Semi Deviation of 0.9763 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The fund holds a Beta of 0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Opportunity Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Opportunity Fund is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
Opportunity Fund Class has average predictability. Overlapping area represents the amount of predictability between Opportunity Fund time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 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 Opportunity Fund Class price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Opportunity Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Opportunity Fund Class lagged returns against current returns
Autocorrelation, which is Opportunity Fund 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 Opportunity Fund's mutual fund expected returns. We can calculate the autocorrelation of Opportunity Fund returns to help us make a trade decision. For example, suppose you find that Opportunity Fund 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 |
Opportunity Fund 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 Opportunity Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Opportunity Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Opportunity Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Opportunity Fund Lagged Returns
When evaluating Opportunity Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Opportunity Fund mutual fund have on its future price. Opportunity Fund 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, Opportunity Fund autocorrelation shows the relationship between Opportunity Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Opportunity Fund Class.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Opportunity Mutual Fund
Opportunity Fund financial ratios help investors to determine whether Opportunity 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 Opportunity with respect to the benefits of owning Opportunity Fund security.
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