Royce Global Financial Fund Market Value
| RGFIX Fund | USD 6.52 0.00 0.00% |
| Symbol | Royce |
Royce Global '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 Royce Global'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 Royce Global.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Royce Global on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Royce Global Financial or generate 0.0% return on investment in Royce Global over 30 days. Royce Global is related to or competes with Nuveen Minnesota, Ishares Municipal, California Bond, Franklin High, Nuveen All-american, Morningstar Defensive, and T Rowe. Although the fund normally focuses on securities of financial services companies with stock market capitalizations up to... More
Royce Global 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 Royce Global'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 Royce Global Financial upside and downside potential and time the market with a certain degree of confidence.
Royce Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royce Global's standard deviation. In reality, there are many statistical measures that can use Royce Global historical prices to predict the future Royce Global's volatility.Royce Global Financial Backtested Returns
We have found three technical indicators for Royce Global Financial, which you can use to evaluate the volatility of the fund. The fund holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Royce Global are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Royce Global Financial has perfect predictability. Overlapping area represents the amount of predictability between Royce Global time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Royce Global Financial price movement. The serial correlation of 1.0 indicates that 100.0% of current Royce Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Royce Global Financial lagged returns against current returns
Autocorrelation, which is Royce Global 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 Royce Global's mutual fund expected returns. We can calculate the autocorrelation of Royce Global returns to help us make a trade decision. For example, suppose you find that Royce Global 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 |
Royce Global 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 Royce Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royce Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royce Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Royce Global Lagged Returns
When evaluating Royce Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royce Global mutual fund have on its future price. Royce Global 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, Royce Global autocorrelation shows the relationship between Royce Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Royce Global Financial.
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 Royce Mutual Fund
Royce Global 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 Global security.
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