Electronics Fund Class Fund Market Value
| RYSCX Fund | USD 329.48 0.14 0.04% |
| Symbol | Electronics |
Electronics 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 Electronics 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 Electronics Fund.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Electronics Fund on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Electronics Fund Class or generate 0.0% return on investment in Electronics Fund over 30 days. Electronics Fund is related to or competes with Financial Services, Telecommunications, Health Care, and Banking Fund. Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Electronics Com... More
Electronics 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 Electronics 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 Electronics Fund Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 2.5 |
Electronics Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electronics Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electronics Fund's standard deviation. In reality, there are many statistical measures that can use Electronics Fund historical prices to predict the future Electronics Fund's volatility.| Risk Adjusted Performance | 0.0061 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Electronics 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.
Electronics Fund Class Backtested Returns
Electronics Fund Class secures Sharpe Ratio (or Efficiency) of -0.0157, which denotes the fund had a -0.0157% return per unit of risk over the last 3 months. Electronics Fund Class exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Electronics Fund's Mean Deviation of 1.4, coefficient of variation of 134341.53, and Downside Deviation of 2.19 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Electronics Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Electronics Fund is expected to be smaller as well.
Auto-correlation | -0.42 |
Modest reverse predictability
Electronics Fund Class has modest reverse predictability. Overlapping area represents the amount of predictability between Electronics Fund time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Electronics Fund Class price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Electronics Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 43.8 |
Electronics Fund Class lagged returns against current returns
Autocorrelation, which is Electronics 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 Electronics Fund's mutual fund expected returns. We can calculate the autocorrelation of Electronics Fund returns to help us make a trade decision. For example, suppose you find that Electronics 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 |
Electronics 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 Electronics Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electronics 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 Electronics Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Electronics Fund Lagged Returns
When evaluating Electronics Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electronics Fund mutual fund have on its future price. Electronics 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, Electronics Fund autocorrelation shows the relationship between Electronics Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Electronics 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 Electronics Mutual Fund
Electronics Fund financial ratios help investors to determine whether Electronics 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 Electronics with respect to the benefits of owning Electronics Fund security.
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