Royce Small Cap Value Fund Market Value
| RYVFX Fund | USD 11.54 0.19 1.67% |
| Symbol | Royce |
Royce Small '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 Small'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 Small.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Royce Small on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Royce Small Cap Value or generate 0.0% return on investment in Royce Small over 300 days. Royce Small is related to or competes with Royce Premier, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. The fund invests its assets primarily in equity securities of small-cap companies that the advisor believes are trading ... More
Royce Small 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 Small'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 Small Cap Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.000041) | |||
| Maximum Drawdown | 7.73 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 2.51 |
Royce Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royce Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royce Small's standard deviation. In reality, there are many statistical measures that can use Royce Small historical prices to predict the future Royce Small's volatility.| Risk Adjusted Performance | 0.0761 | |||
| Jensen Alpha | 0.0887 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.000055) | |||
| Treynor Ratio | 0.4717 |
Royce Small Cap Backtested Returns
At this stage we consider Royce Mutual Fund to be not too volatile. Royce Small Cap maintains Sharpe Ratio (i.e., Efficiency) of 0.0943, which implies the entity had a 0.0943% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Royce Small Cap, which you can use to evaluate the volatility of the fund. Please check Royce Small's Risk Adjusted Performance of 0.0761, coefficient of variation of 1065.93, and Semi Deviation of 0.8579 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The fund holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, Royce Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Royce Small is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
Royce Small Cap Value has virtually no predictability. Overlapping area represents the amount of predictability between Royce Small time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Royce Small Cap price movement. The serial correlation of 0.01 indicates that just 1.0% of current Royce Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Royce Small Cap lagged returns against current returns
Autocorrelation, which is Royce Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Royce Small returns to help us make a trade decision. For example, suppose you find that Royce Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royce Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Royce Small Lagged Returns
When evaluating Royce Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royce Small mutual fund have on its future price. Royce Small 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 Small autocorrelation shows the relationship between Royce Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Royce Small Cap Value.
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 Small 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 Small security.
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |