Royce Total Return Fund Market Value
| RTRRX Fund | USD 9.02 0.15 1.69% |
| Symbol | Royce |
Royce Total '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 Royce Total'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 Royce Total.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Royce Total on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Royce Total Return or generate 0.0% return on investment in Royce Total over 720 days. Royce Total is related to or competes with Pace Large, Tax-managed, Goldman Sachs, Siit Large, Enhanced, Gmo Us, and Legg Mason. Normally, the fund invests at least 65 percent of its net assets in dividend-paying equity securities More
Royce Total 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 Royce Total'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 Royce Total Return upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9969 | |||
| Information Ratio | 0.0482 | |||
| Maximum Drawdown | 7.23 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 2.42 |
Royce Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royce Total's standard deviation. In reality, there are many statistical measures that can use Royce Total historical prices to predict the future Royce Total's volatility.| Risk Adjusted Performance | 0.1175 | |||
| Jensen Alpha | 0.0045 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0636 | |||
| Treynor Ratio | 0.1238 |
Royce Total Return Backtested Returns
At this stage we consider Royce Mutual Fund to be not too volatile. Royce Total Return maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Royce Total Return, which you can use to evaluate the volatility of the fund. Please check Royce Total's Risk Adjusted Performance of 0.1175, semi deviation of 0.7929, and Coefficient Of Variation of 676.96 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The fund holds a Beta of 1.49, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Royce Total will likely underperform.
Auto-correlation | 0.16 |
Very weak predictability
Royce Total Return has very weak predictability. Overlapping area represents the amount of predictability between Royce Total time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Royce Total Return price movement. The serial correlation of 0.16 indicates that over 16.0% of current Royce Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Royce Total Return lagged returns against current returns
Autocorrelation, which is Royce Total 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 Royce Total's mutual fund expected returns. We can calculate the autocorrelation of Royce Total returns to help us make a trade decision. For example, suppose you find that Royce Total 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 |
Royce Total 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 Royce Total mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royce Total mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royce Total mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Royce Total Lagged Returns
When evaluating Royce Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royce Total mutual fund have on its future price. Royce Total 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, Royce Total autocorrelation shows the relationship between Royce Total mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Royce Total Return.
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 Royce Mutual Fund
Royce Total financial ratios help investors to determine whether Royce 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 Royce with respect to the benefits of owning Royce Total security.
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