Financial Services Fund Market Value

RYFIX Fund  USD 99.56  0.07  0.07%   
Financial Services' market value is the price at which a share of Financial Services trades on a public exchange. It measures the collective expectations of Financial Services Fund investors about its performance. Financial Services is trading at 99.56 as of the 24th of February 2025; that is 0.07 percent up since the beginning of the trading day. The fund's open price was 99.49.
With this module, you can estimate the performance of a buy and hold strategy of Financial Services Fund and determine expected loss or profit from investing in Financial Services over a given investment horizon. Check out Financial Services Correlation, Financial Services Volatility and Financial Services Alpha and Beta module to complement your research on Financial Services.
Symbol

Please note, there is a significant difference between Financial Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Financial Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Financial Services' 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.

Financial Services '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 Financial Services' 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 Financial Services.
0.00
03/07/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
02/24/2025
0.00
If you would invest  0.00  in Financial Services on March 7, 2023 and sell it all today you would earn a total of 0.00 from holding Financial Services Fund or generate 0.0% return on investment in Financial Services over 720 days. Financial Services is related to or competes with Health Care, Banking Fund, Technology Fund, Transportation Fund, and Telecommunications. The fund invests substantially all of its net assets in equity securities of Financial Services Companies that are trade... More

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

Financial Services Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Financial Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Financial Services' standard deviation. In reality, there are many statistical measures that can use Financial Services historical prices to predict the future Financial Services' volatility.
Hype
Prediction
LowEstimatedHigh
98.5499.49100.44
Details
Intrinsic
Valuation
LowRealHigh
98.3799.32100.27
Details

Financial Services Backtested Returns

Financial Services secures Sharpe Ratio (or Efficiency) of -0.0643, which denotes the fund had a -0.0643 % return per unit of risk over the last 3 months. Financial Services Fund exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Financial Services' Mean Deviation of 0.6652, downside deviation of 1.02, and Coefficient Of Variation of 30302.03 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.74, which means possible diversification benefits within a given portfolio. As returns on the market increase, Financial Services' returns are expected to increase less than the market. However, during the bear market, the loss of holding Financial Services is expected to be smaller as well.

Auto-correlation

    
  0.69  

Good predictability

Financial Services Fund has good predictability. Overlapping area represents the amount of predictability between Financial Services time series from 7th of March 2023 to 1st of March 2024 and 1st of March 2024 to 24th 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 Financial Services price movement. The serial correlation of 0.69 indicates that around 69.0% of current Financial Services price fluctuation can be explain by its past prices.
Correlation Coefficient0.69
Spearman Rank Test0.69
Residual Average0.0
Price Variance58.73
Financial ReturnsFinancial Lagged ReturnsDiversified AwayFinancial ReturnsFinancial Lagged ReturnsDiversified Away100%

Financial Services lagged returns against current returns

Autocorrelation, which is Financial Services 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 Financial Services' mutual fund expected returns. We can calculate the autocorrelation of Financial Services returns to help us make a trade decision. For example, suppose you find that Financial Services 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 3.21.15MarMayJulSepNov2025-10%-5%0%5%10%15%20%25%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

Financial Services 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 Financial Services mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Financial Services mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Financial Services mutual fund over time.
   Current vs Lagged Prices   
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JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

Financial Services Lagged Returns

When evaluating Financial Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Financial Services mutual fund have on its future price. Financial Services 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, Financial Services autocorrelation shows the relationship between Financial Services mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Financial Services Fund.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15AprJulOct2024AprJulOct202565707580859095100
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

Also Currently Popular

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Other Information on Investing in Financial Mutual Fund

Financial Services financial ratios help investors to determine whether Financial 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 Financial with respect to the benefits of owning Financial Services security.
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