Nasdaq 100 Fund Investor Fund Market Value
| RYOCX Fund | USD 86.70 0.32 0.37% |
| Symbol | NASDAQ-100 |
Nasdaq-100 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 Nasdaq-100 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 Nasdaq-100 Fund.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Nasdaq-100 Fund on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Nasdaq 100 Fund Investor or generate 0.0% return on investment in Nasdaq-100 Fund over 720 days. Nasdaq-100 Fund is related to or competes with World Energy, Icon Natural, Hennessy, Dreyfus Natural, Fidelity Advisor, Jennison Natural, and Energy Basic. The fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in securities o... More
Nasdaq-100 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 Nasdaq-100 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 Nasdaq 100 Fund Investor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.14 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 1.55 |
Nasdaq-100 Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nasdaq-100 Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nasdaq-100 Fund's standard deviation. In reality, there are many statistical measures that can use Nasdaq-100 Fund historical prices to predict the future Nasdaq-100 Fund's volatility.| Risk Adjusted Performance | 0.0542 | |||
| Jensen Alpha | 0.0767 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.59) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nasdaq-100 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.
Nasdaq 100 Fund Backtested Returns
At this stage we consider NASDAQ-100 Mutual Fund to be very steady. Nasdaq 100 Fund has Sharpe Ratio of 0.0845, which conveys that the entity had a 0.0845% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nasdaq-100 Fund, which you can use to evaluate the volatility of the fund. Please verify Nasdaq-100 Fund's Mean Deviation of 0.8022, downside deviation of 1.35, and Risk Adjusted Performance of 0.0542 to check out if the risk estimate we provide is consistent with the expected return of 0.0938%. The fund secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nasdaq-100 Fund are expected to decrease at a much lower rate. During the bear market, Nasdaq-100 Fund is likely to outperform the market.
Auto-correlation | 0.89 |
Very good predictability
Nasdaq 100 Fund Investor has very good predictability. Overlapping area represents the amount of predictability between Nasdaq-100 Fund time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Nasdaq 100 Fund price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Nasdaq-100 Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 29.37 |
Nasdaq 100 Fund lagged returns against current returns
Autocorrelation, which is Nasdaq-100 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 Nasdaq-100 Fund's mutual fund expected returns. We can calculate the autocorrelation of Nasdaq-100 Fund returns to help us make a trade decision. For example, suppose you find that Nasdaq-100 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 |
Nasdaq-100 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 Nasdaq-100 Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nasdaq-100 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 Nasdaq-100 Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nasdaq-100 Fund Lagged Returns
When evaluating Nasdaq-100 Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nasdaq-100 Fund mutual fund have on its future price. Nasdaq-100 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, Nasdaq-100 Fund autocorrelation shows the relationship between Nasdaq-100 Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nasdaq 100 Fund Investor.
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 NASDAQ-100 Mutual Fund
Nasdaq-100 Fund financial ratios help investors to determine whether NASDAQ-100 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 NASDAQ-100 with respect to the benefits of owning Nasdaq-100 Fund security.
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