Utilities Fund Class Fund Market Value
| RYAUX Fund | USD 49.87 0.25 0.50% |
| Symbol | Utilities |
Utilities Fund '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 Utilities Fund'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 Utilities Fund.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Utilities Fund on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Utilities Fund Class or generate 0.0% return on investment in Utilities Fund over 90 days. Utilities Fund is related to or competes with Allianzgi Diversified, Guggenheim Diversified, Tax Free, Calvert Conservative, Elfun Diversified, Blackrock Conservative, and Delaware Limited. Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Utilities Compa... More
Utilities Fund 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 Utilities Fund'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 Utilities Fund Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9447 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 4.31 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.71 |
Utilities Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Utilities Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Utilities Fund's standard deviation. In reality, there are many statistical measures that can use Utilities Fund historical prices to predict the future Utilities Fund's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0724 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Utilities Fund'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.
Utilities Fund Class Backtested Returns
At this stage we consider Utilities Mutual Fund to be very steady. Utilities Fund Class owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0309, which indicates the fund had a 0.0309% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Utilities Fund Class, which you can use to evaluate the volatility of the fund. Please validate Utilities Fund's Semi Deviation of 0.8849, risk adjusted performance of 0.0248, and Coefficient Of Variation of 3238.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.0299%. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Utilities Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Utilities Fund is expected to be smaller as well.
Auto-correlation | 0.02 |
Virtually no predictability
Utilities Fund Class has virtually no predictability. Overlapping area represents the amount of predictability between Utilities Fund time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 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 Utilities Fund Class price movement. The serial correlation of 0.02 indicates that only 2.0% of current Utilities Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Utilities Fund Class lagged returns against current returns
Autocorrelation, which is Utilities Fund 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 Utilities Fund's mutual fund expected returns. We can calculate the autocorrelation of Utilities Fund returns to help us make a trade decision. For example, suppose you find that Utilities Fund 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 |
Utilities Fund 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 Utilities Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Utilities Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Utilities Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Utilities Fund Lagged Returns
When evaluating Utilities Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Utilities Fund mutual fund have on its future price. Utilities Fund 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, Utilities Fund autocorrelation shows the relationship between Utilities Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Utilities Fund Class.
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 Utilities Mutual Fund
Utilities Fund financial ratios help investors to determine whether Utilities 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 Utilities with respect to the benefits of owning Utilities Fund security.
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