Royce Global Financial Fund Market Value
| RYFSX Fund | USD 5.52 0.00 0.00% |
| Symbol | Royce |
Royce Global '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 Global'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 Global.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Royce Global on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Royce Global Financial or generate 0.0% return on investment in Royce Global over 360 days. Royce Global is related to or competes with Royce Dividend, Royce Micro-cap, Kinetics Market, Royce Small-cap, and Royce Smaller-companie. Although the fund normally focuses on securities of financial services companies with stock market capitalizations up to... More
Royce Global 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 Global'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 Global Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (6.04) | |||
| Maximum Drawdown | 0.1815 |
Royce Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royce Global's standard deviation. In reality, there are many statistical measures that can use Royce Global historical prices to predict the future Royce Global's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.9177 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Royce Global'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.
Royce Global Financial Backtested Returns
We have found sixteen technical indicators for Royce Global Financial, which you can use to evaluate the volatility of the fund. Please check Royce Global's Coefficient Of Variation of 812.4, risk adjusted performance of (0.24), and Variance of 5.0E-4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The fund holds a Beta of -0.0079, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Royce Global are expected to decrease at a much lower rate. During the bear market, Royce Global is likely to outperform the market.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Royce Global Financial has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Royce Global time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Royce Global Financial price movement. The serial correlation of -0.8 indicates that around 80.0% of current Royce Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 5.68 |
Royce Global Financial lagged returns against current returns
Autocorrelation, which is Royce Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Royce Global returns to help us make a trade decision. For example, suppose you find that Royce Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royce Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Royce Global Lagged Returns
When evaluating Royce Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royce Global mutual fund have on its future price. Royce Global 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 Global autocorrelation shows the relationship between Royce Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Royce Global Financial.
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 Global 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 Global security.
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