Monthly Rebalance Nasdaq 100 Fund Market Value
| RMQCX Fund | USD 570.43 3.97 0.69% |
| Symbol | Monthly |
Monthly Rebalance '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 Monthly Rebalance'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 Monthly Rebalance.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Monthly Rebalance on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Monthly Rebalance Nasdaq 100 or generate 0.0% return on investment in Monthly Rebalance over 600 days. Monthly Rebalance is related to or competes with Nasdaq 100, Nasdaq 100, Nasdaq-100(r), Ultra Nasdaq-100, Monthly Rebalance, Monthly Rebalance, and Direxion Monthly. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in securities of co... More
Monthly Rebalance 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 Monthly Rebalance'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 Monthly Rebalance Nasdaq 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | 0.0135 | |||
| Maximum Drawdown | 10.03 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 3.11 |
Monthly Rebalance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Monthly Rebalance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Monthly Rebalance's standard deviation. In reality, there are many statistical measures that can use Monthly Rebalance historical prices to predict the future Monthly Rebalance's volatility.| Risk Adjusted Performance | 0.054 | |||
| Jensen Alpha | 0.1492 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0115 | |||
| Treynor Ratio | (0.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Monthly Rebalance'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.
Monthly Rebalance Backtested Returns
At this stage we consider Monthly Mutual Fund to be very steady. Monthly Rebalance has Sharpe Ratio of 0.0797, which conveys that the entity had a 0.0797% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Monthly Rebalance, which you can use to evaluate the volatility of the fund. Please verify Monthly Rebalance's Downside Deviation of 2.64, risk adjusted performance of 0.054, and Mean Deviation of 1.59 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. The fund secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Monthly Rebalance are expected to decrease at a much lower rate. During the bear market, Monthly Rebalance is likely to outperform the market.
Auto-correlation | 0.62 |
Good predictability
Monthly Rebalance Nasdaq 100 has good predictability. Overlapping area represents the amount of predictability between Monthly Rebalance time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 Monthly Rebalance price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Monthly Rebalance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 2155.86 |
Monthly Rebalance lagged returns against current returns
Autocorrelation, which is Monthly Rebalance 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 Monthly Rebalance's mutual fund expected returns. We can calculate the autocorrelation of Monthly Rebalance returns to help us make a trade decision. For example, suppose you find that Monthly Rebalance 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 |
Monthly Rebalance 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 Monthly Rebalance mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Monthly Rebalance mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Monthly Rebalance mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Monthly Rebalance Lagged Returns
When evaluating Monthly Rebalance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Monthly Rebalance mutual fund have on its future price. Monthly Rebalance 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, Monthly Rebalance autocorrelation shows the relationship between Monthly Rebalance mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Monthly Rebalance Nasdaq 100.
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 Monthly Mutual Fund
Monthly Rebalance financial ratios help investors to determine whether Monthly 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 Monthly with respect to the benefits of owning Monthly Rebalance security.
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