Rondure New World Fund Market Value
| RNWOX Fund | USD 11.05 0.00 0.00% |
| Symbol | Rondure |
Rondure New '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 Rondure New'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 Rondure New.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Rondure New on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Rondure New World or generate 0.0% return on investment in Rondure New over 540 days. Rondure New is related to or competes with Gqg Partners, Polen Growth, Seafarer Overseas, and Wasatch Emerging. The fund will, under normal market conditions, invest at least 40 percent of its assets, calculated at the time of purch... More
Rondure New 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 Rondure New'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 Rondure New World upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7979 | |||
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 2.54 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.831 |
Rondure New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rondure New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rondure New's standard deviation. In reality, there are many statistical measures that can use Rondure New historical prices to predict the future Rondure New's volatility.| Risk Adjusted Performance | 0.0547 | |||
| Jensen Alpha | 0.026 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (0.63) |
Rondure New World Backtested Returns
At this stage we consider Rondure Mutual Fund to be very steady. Rondure New World maintains Sharpe Ratio (i.e., Efficiency) of 0.0855, which implies the entity had a 0.0855% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Rondure New World, which you can use to evaluate the volatility of the fund. Please check Rondure New's Risk Adjusted Performance of 0.0547, coefficient of variation of 1169.35, and Semi Deviation of 0.2174 to confirm if the risk estimate we provide is consistent with the expected return of 0.0316%. The fund holds a Beta of -0.0345, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rondure New are expected to decrease at a much lower rate. During the bear market, Rondure New is likely to outperform the market.
Auto-correlation | -0.64 |
Very good reverse predictability
Rondure New World has very good reverse predictability. Overlapping area represents the amount of predictability between Rondure New time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Rondure New World price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Rondure New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Rondure New World lagged returns against current returns
Autocorrelation, which is Rondure New 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 Rondure New's mutual fund expected returns. We can calculate the autocorrelation of Rondure New returns to help us make a trade decision. For example, suppose you find that Rondure New 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 |
Rondure New 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 Rondure New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rondure New mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rondure New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rondure New Lagged Returns
When evaluating Rondure New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rondure New mutual fund have on its future price. Rondure New 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, Rondure New autocorrelation shows the relationship between Rondure New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rondure New World.
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 Rondure Mutual Fund
Rondure New financial ratios help investors to determine whether Rondure 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 Rondure with respect to the benefits of owning Rondure New security.
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