Rbc Microcap Value Fund Market Value
| TMVAX Fund | USD 31.29 0.60 1.96% |
| Symbol | Rbc |
Rbc Microcap '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 Rbc Microcap'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 Rbc Microcap.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Rbc Microcap on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Rbc Microcap Value or generate 0.0% return on investment in Rbc Microcap over 30 days. Rbc Microcap is related to or competes with California Bond, Nuveen Minnesota, T Rowe, Morningstar Defensive, Artisan High, T Rowe, and Alliancebernstein. The fund normally invests at least 80 percent of its assets in microcap value stocks More
Rbc Microcap 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 Rbc Microcap'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 Rbc Microcap Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0486 | |||
| Maximum Drawdown | 8.08 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 2.29 |
Rbc Microcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rbc Microcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rbc Microcap's standard deviation. In reality, there are many statistical measures that can use Rbc Microcap historical prices to predict the future Rbc Microcap's volatility.| Risk Adjusted Performance | 0.1152 | |||
| Jensen Alpha | 0.0316 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0632 | |||
| Treynor Ratio | 0.1453 |
Rbc Microcap Value Backtested Returns
At this stage we consider Rbc Mutual Fund to be very steady. Rbc Microcap Value maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rbc Microcap Value, which you can use to evaluate the volatility of the fund. Please check Rbc Microcap's Coefficient Of Variation of 692.0, semi deviation of 0.7494, and Risk Adjusted Performance of 0.1152 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The fund holds a Beta of 1.29, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Rbc Microcap will likely underperform.
Auto-correlation | 0.44 |
Average predictability
Rbc Microcap Value has average predictability. Overlapping area represents the amount of predictability between Rbc Microcap time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Rbc Microcap Value price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Rbc Microcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Rbc Microcap Value lagged returns against current returns
Autocorrelation, which is Rbc Microcap 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 Rbc Microcap's mutual fund expected returns. We can calculate the autocorrelation of Rbc Microcap returns to help us make a trade decision. For example, suppose you find that Rbc Microcap 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 |
Rbc Microcap 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 Rbc Microcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rbc Microcap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rbc Microcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Rbc Microcap Lagged Returns
When evaluating Rbc Microcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rbc Microcap mutual fund have on its future price. Rbc Microcap 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, Rbc Microcap autocorrelation shows the relationship between Rbc Microcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Rbc Microcap 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 Rbc Mutual Fund
Rbc Microcap financial ratios help investors to determine whether Rbc 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 Rbc with respect to the benefits of owning Rbc Microcap security.
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