Riverparknext Century Growth Fund Market Value
| RPNCX Fund | 11.74 0.07 0.59% |
| Symbol | Riverpark/next |
Riverpark/next Century '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 Riverpark/next Century'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 Riverpark/next Century.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Riverpark/next Century on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Riverparknext Century Growth or generate 0.0% return on investment in Riverpark/next Century over 60 days. Riverpark/next Century is related to or competes with Gmo Small, Qs Us, L Abbett, Small Pany, Artisan Small, T Rowe, and Champlain Mid. The fund, under normal market conditions, invests at least 80 percent of its net assets, plus any borrowings for investm... More
Riverpark/next Century 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 Riverpark/next Century'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 Riverparknext Century Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0504 | |||
| Maximum Drawdown | 7.28 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.4 |
Riverpark/next Century Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverpark/next Century's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverpark/next Century's standard deviation. In reality, there are many statistical measures that can use Riverpark/next Century historical prices to predict the future Riverpark/next Century's volatility.| Risk Adjusted Performance | 0.1142 | |||
| Jensen Alpha | 0.1576 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0518 | |||
| Treynor Ratio | 0.6892 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Riverpark/next Century'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.
Riverpark/next Century Backtested Returns
Riverpark/next Century appears to be not too volatile, given 3 months investment horizon. Riverpark/next Century maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Riverpark/next Century, which you can use to evaluate the volatility of the fund. Please evaluate Riverpark/next Century's Risk Adjusted Performance of 0.1142, semi deviation of 1.1, and Coefficient Of Variation of 696.89 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, Riverpark/next Century's returns are expected to increase less than the market. However, during the bear market, the loss of holding Riverpark/next Century is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
Riverparknext Century Growth has below average predictability. Overlapping area represents the amount of predictability between Riverpark/next Century time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Riverpark/next Century price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Riverpark/next Century price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Riverpark/next Century lagged returns against current returns
Autocorrelation, which is Riverpark/next Century 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 Riverpark/next Century's mutual fund expected returns. We can calculate the autocorrelation of Riverpark/next Century returns to help us make a trade decision. For example, suppose you find that Riverpark/next Century 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 |
Riverpark/next Century 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 Riverpark/next Century mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverpark/next Century mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Riverpark/next Century mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Riverpark/next Century Lagged Returns
When evaluating Riverpark/next Century's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverpark/next Century mutual fund have on its future price. Riverpark/next Century 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, Riverpark/next Century autocorrelation shows the relationship between Riverpark/next Century mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Riverparknext Century Growth.
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 Riverpark/next Mutual Fund
Riverpark/next Century financial ratios help investors to determine whether Riverpark/next 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 Riverpark/next with respect to the benefits of owning Riverpark/next Century security.
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