Multifactor Equity Fund Market Value

RTDAX Fund  USD 15.40  0.07  0.45%   
Multifactor's market value is the price at which a share of Multifactor trades on a public exchange. It measures the collective expectations of Multifactor Equity Fund investors about its performance. Multifactor is trading at 15.40 as of the 25th of February 2025; that is 0.45% down since the beginning of the trading day. The fund's open price was 15.47.
With this module, you can estimate the performance of a buy and hold strategy of Multifactor Equity Fund and determine expected loss or profit from investing in Multifactor over a given investment horizon. Check out Multifactor Correlation, Multifactor Volatility and Multifactor Alpha and Beta module to complement your research on Multifactor.
Symbol

Please note, there is a significant difference between Multifactor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Multifactor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Multifactor's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Multifactor '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 Multifactor'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 Multifactor.
0.00
01/26/2025
No Change 0.00  0.0 
In 31 days
02/25/2025
0.00
If you would invest  0.00  in Multifactor on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Multifactor Equity Fund or generate 0.0% return on investment in Multifactor over 30 days. Multifactor is related to or competes with Glg Intl, Goldman Sachs, Ashmore Emerging, Transamerica International, Touchstone Small, and Nuveen Small. The fund has a non-fundamental policy to invest, under normal circumstances, at least 80 percent of the value of its net... More

Multifactor 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 Multifactor'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 Multifactor Equity Fund upside and downside potential and time the market with a certain degree of confidence.

Multifactor Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Multifactor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multifactor's standard deviation. In reality, there are many statistical measures that can use Multifactor historical prices to predict the future Multifactor's volatility.
Hype
Prediction
LowEstimatedHigh
11.9815.4018.82
Details
Intrinsic
Valuation
LowRealHigh
12.6016.0219.44
Details
Naive
Forecast
LowNextHigh
12.6616.0819.50
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.0016.0119.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Multifactor. Your research has to be compared to or analyzed against Multifactor's peers to derive any actionable benefits. When done correctly, Multifactor's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Multifactor Equity.

Multifactor Equity Backtested Returns

Multifactor Equity has Sharpe Ratio of -0.12, which conveys that the entity had a -0.12 % return per unit of risk over the last 3 months. Multifactor exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Multifactor's Mean Deviation of 1.05, standard deviation of 3.24, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Multifactor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Multifactor is expected to be smaller as well.

Auto-correlation

    
  -0.28  

Weak reverse predictability

Multifactor Equity Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Multifactor time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Multifactor Equity price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Multifactor price fluctuation can be explain by its past prices.
Correlation Coefficient-0.28
Spearman Rank Test0.04
Residual Average0.0
Price Variance0.03
Multifactor ReturnsMultifactor Lagged ReturnsDiversified AwayMultifactor ReturnsMultifactor Lagged ReturnsDiversified Away100%

Multifactor Equity lagged returns against current returns

Autocorrelation, which is Multifactor 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 Multifactor's mutual fund expected returns. We can calculate the autocorrelation of Multifactor returns to help us make a trade decision. For example, suppose you find that Multifactor 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   
JavaScript chart by amCharts 3.21.15Feb 10Feb 12Feb 14Feb 16Feb 18Feb 20Feb 22Feb 24-1.5%-1.0%-0.5%0%0.5%1.0%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

Multifactor 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 Multifactor mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multifactor mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multifactor mutual fund over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Feb 10Feb 12Feb 14Feb 16Feb 18Feb 20Feb 22Feb 2415.5515.6015.6515.7015.7515.80
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

Multifactor Lagged Returns

When evaluating Multifactor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multifactor mutual fund have on its future price. Multifactor 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, Multifactor autocorrelation shows the relationship between Multifactor mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Multifactor Equity Fund.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Jan 27Jan 31FebFeb 08Feb 12Feb 16Feb 20Feb 2415.4015.4515.5015.5515.6015.6515.7015.7515.8015.85
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       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 Multifactor Mutual Fund

Multifactor financial ratios help investors to determine whether Multifactor 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 Multifactor with respect to the benefits of owning Multifactor security.
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas

Discover investing ideas

Utilize additional investing modules

News Freq…Investor S…