Rmb Japan Fund Market Value
| RMBPX Fund | USD 10.33 0.06 0.58% |
| Symbol | Rmb |
Rmb Japan '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 Rmb Japan'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 Rmb Japan.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Rmb Japan on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Rmb Japan Fund or generate 0.0% return on investment in Rmb Japan over 720 days. Rmb Japan is related to or competes with Rmb Small, Rmb Fund, Rmb Fund, Rmb Fund, Rmb Mendon, Rmb Mendon, and Rmb Mendon. The fund invests, under normal conditions, at least 80 percent of its net assets in equity securities of Japanese compan... More
Rmb Japan 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 Rmb Japan'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 Rmb Japan Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.0 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 1.8 |
Rmb Japan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rmb Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rmb Japan's standard deviation. In reality, there are many statistical measures that can use Rmb Japan historical prices to predict the future Rmb Japan's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.10) |
Rmb Japan Fund Backtested Returns
Rmb Japan Fund maintains Sharpe Ratio (i.e., Efficiency) of -0.0651, which implies the entity had a -0.0651% return per unit of risk over the last 3 months. Rmb Japan Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rmb Japan's Risk Adjusted Performance of (0.04), coefficient of variation of (1,775), and Variance of 1.95 to confirm the risk estimate we provide. The fund holds a Beta of 0.88, which implies possible diversification benefits within a given portfolio. Rmb Japan returns are very sensitive to returns on the market. As the market goes up or down, Rmb Japan is expected to follow.
Auto-correlation | 0.68 |
Good predictability
Rmb Japan Fund has good predictability. Overlapping area represents the amount of predictability between Rmb Japan time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Rmb Japan Fund price movement. The serial correlation of 0.68 indicates that around 68.0% of current Rmb Japan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Rmb Japan Fund lagged returns against current returns
Autocorrelation, which is Rmb Japan 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 Rmb Japan's mutual fund expected returns. We can calculate the autocorrelation of Rmb Japan returns to help us make a trade decision. For example, suppose you find that Rmb Japan 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 |
Rmb Japan 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 Rmb Japan mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rmb Japan mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rmb Japan mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rmb Japan Lagged Returns
When evaluating Rmb Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rmb Japan mutual fund have on its future price. Rmb Japan 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, Rmb Japan autocorrelation shows the relationship between Rmb Japan mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rmb Japan Fund.
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 Rmb Mutual Fund
Rmb Japan financial ratios help investors to determine whether Rmb 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 Rmb with respect to the benefits of owning Rmb Japan security.
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