Royce Micro-cap Year To Date Return vs. Price To Sales
| RMCFX Fund | USD 12.67 0.11 0.88% |
For Royce Micro-cap profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Royce Micro-cap to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Royce Micro Cap Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Royce Micro-cap's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Royce Micro Cap Fund over time as well as its relative position and ranking within its peers.
Royce |
Royce Micro Cap Price To Sales vs. Year To Date Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Royce Micro-cap's current stock value. Our valuation model uses many indicators to compare Royce Micro-cap value to that of its competitors to determine the firm's financial worth. Royce Micro Cap Fund is rated top fund in year to date return among similar funds. It also is rated top fund in price to sales among similar funds fabricating about 0.06 of Price To Sales per Year To Date Return. The ratio of Year To Date Return to Price To Sales for Royce Micro Cap Fund is roughly 17.92 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Royce Micro-cap's earnings, one of the primary drivers of an investment's value.Royce Price To Sales vs. Year To Date Return
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Royce Micro-cap |
| = | 17.56 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Royce Micro-cap |
| = | 0.98 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Royce Price To Sales Comparison
Royce Micro is currently under evaluation in price to sales among similar funds.
Royce Micro-cap Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Royce Micro-cap, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Royce Micro-cap will eventually generate negative long term returns. The profitability progress is the general direction of Royce Micro-cap's change in net profit over the period of time. It can combine multiple indicators of Royce Micro-cap, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests the funds assets primarily in equity securities of micro-cap companies. Normally, the fund invests at least 80 percent of its net assets in equity securities of micro-cap companies. Although the fund normally focuses on securities of U.S. companies, it may invest up to 25 percent of its net assets in securities of companies headquartered in foreign countries.
Royce Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Royce Micro-cap. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Royce Micro-cap position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Royce Micro-cap's important profitability drivers and their relationship over time.
Use Royce Micro-cap in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Royce Micro-cap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Royce Micro-cap will appreciate offsetting losses from the drop in the long position's value.Royce Micro-cap Pair Trading
Royce Micro Cap Fund Pair Trading Analysis
The ability to find closely correlated positions to Royce Micro-cap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Royce Micro-cap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Royce Micro-cap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Royce Micro Cap Fund to buy it.
The correlation of Royce Micro-cap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Royce Micro-cap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Royce Micro Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Royce Micro-cap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Royce Micro-cap position
In addition to having Royce Micro-cap in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Royce Mutual Fund
To fully project Royce Micro-cap's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Royce Micro Cap at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Royce Micro-cap's income statement, its balance sheet, and the statement of cash flows.
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