Commodities Strategy Fund Market Value
| RYMJX Fund | USD 16.20 0.02 0.12% |
| Symbol | Commodities |
Commodities Strategy '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 Commodities Strategy'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 Commodities Strategy.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Commodities Strategy on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Commodities Strategy Fund or generate 0.0% return on investment in Commodities Strategy over 690 days. Commodities Strategy is related to or competes with Commodityrealreturn, Commodityrealreturn, Commodityrealreturn, Commodityrealreturn, Pimco Commodityrealret, Pimco Commoditiesplus, and Pimco Commoditiesplus. The fund seeks exposure to the performance of the commodities markets More
Commodities Strategy 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 Commodities Strategy'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 Commodities Strategy Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.46 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 1.86 |
Commodities Strategy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commodities Strategy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commodities Strategy's standard deviation. In reality, there are many statistical measures that can use Commodities Strategy historical prices to predict the future Commodities Strategy's volatility.| Risk Adjusted Performance | 0.0084 | |||
| Jensen Alpha | 0.0067 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0341 |
Commodities Strategy Backtested Returns
At this stage we consider Commodities Mutual Fund to be very steady. Commodities Strategy secures Sharpe Ratio (or Efficiency) of 0.0412, which signifies that the fund had a 0.0412% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Commodities Strategy Fund, which you can use to evaluate the volatility of the entity. Please confirm Commodities Strategy's Risk Adjusted Performance of 0.0084, mean deviation of 0.9142, and Downside Deviation of 1.22 to double-check if the risk estimate we provide is consistent with the expected return of 0.0463%. The fund shows a Beta (market volatility) of -0.0719, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Commodities Strategy are expected to decrease at a much lower rate. During the bear market, Commodities Strategy is likely to outperform the market.
Auto-correlation | -0.51 |
Good reverse predictability
Commodities Strategy Fund has good reverse predictability. Overlapping area represents the amount of predictability between Commodities Strategy time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 to 2nd 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 Commodities Strategy price movement. The serial correlation of -0.51 indicates that about 51.0% of current Commodities Strategy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Commodities Strategy lagged returns against current returns
Autocorrelation, which is Commodities Strategy 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 Commodities Strategy's mutual fund expected returns. We can calculate the autocorrelation of Commodities Strategy returns to help us make a trade decision. For example, suppose you find that Commodities Strategy 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 |
Commodities Strategy 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 Commodities Strategy mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commodities Strategy mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commodities Strategy mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Commodities Strategy Lagged Returns
When evaluating Commodities Strategy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commodities Strategy mutual fund have on its future price. Commodities Strategy 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, Commodities Strategy autocorrelation shows the relationship between Commodities Strategy mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Commodities Strategy Fund.
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 Commodities Mutual Fund
Commodities Strategy financial ratios help investors to determine whether Commodities 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 Commodities with respect to the benefits of owning Commodities Strategy security.
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |