Rmb International Fund Market Value
| RMBTX Fund | USD 9.72 0.04 0.41% |
| Symbol | Rmb |
Rmb International '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 International'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 International.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Rmb International on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Rmb International Fund or generate 0.0% return on investment in Rmb International over 450 days. Rmb International is related to or competes with Gmo Resources, Goldman Sachs, Oil Gas, Guinness Atkinson, Icon Natural, and Fidelity Advisor. The fund invests, under normal conditions, in at least three different countries and at least 40 percent of its total as... More
Rmb International 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 International'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 International Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 4.8 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.09 |
Rmb International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rmb International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rmb International's standard deviation. In reality, there are many statistical measures that can use Rmb International historical prices to predict the future Rmb International's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rmb International'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.
Rmb International Backtested Returns
Rmb International maintains Sharpe Ratio (i.e., Efficiency) of -0.18, which implies the entity had a -0.18% return per unit of risk over the last 3 months. Rmb International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rmb International's Coefficient Of Variation of (599.96), risk adjusted performance of (0.13), and Variance of 0.8151 to confirm the risk estimate we provide. The fund holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rmb International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rmb International is expected to be smaller as well.
Auto-correlation | -0.21 |
Weak reverse predictability
Rmb International Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Rmb International time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th 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 International price movement. The serial correlation of -0.21 indicates that over 21.0% of current Rmb International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Rmb International lagged returns against current returns
Autocorrelation, which is Rmb International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Rmb International returns to help us make a trade decision. For example, suppose you find that Rmb International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rmb International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rmb International Lagged Returns
When evaluating Rmb International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rmb International mutual fund have on its future price. Rmb International 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 International autocorrelation shows the relationship between Rmb International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rmb International 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 International 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 International security.
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