Royce Opportunity Five Year Return vs. Price To Book
| ROFRX Fund | USD 14.06 1.26 8.22% |
For Royce Opportunity profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Royce Opportunity to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Royce Opportunity Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Royce Opportunity's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Royce Opportunity Fund over time as well as its relative position and ranking within its peers.
Royce |
Royce Opportunity Price To Book vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Royce Opportunity's current stock value. Our valuation model uses many indicators to compare Royce Opportunity value to that of its competitors to determine the firm's financial worth. Royce Opportunity Fund is rated top fund in five year return among similar funds. It also is rated top fund in price to book among similar funds fabricating about 0.10 of Price To Book per Five Year Return. The ratio of Five Year Return to Price To Book for Royce Opportunity Fund is roughly 10.48 . 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 Opportunity's earnings, one of the primary drivers of an investment's value.Royce Price To Book vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Royce Opportunity |
| = | 13.73 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Royce Opportunity |
| = | 1.31 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Royce Opportunity Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Royce Opportunity, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Royce Opportunity will eventually generate negative long term returns. The profitability progress is the general direction of Royce Opportunity's change in net profit over the period of time. It can combine multiple indicators of Royce Opportunity, 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 funds investment adviser invests the funds assets primarily in equity securities of small-cap companies in an attempt to take advantage of what the adviser believes are opportunistic situations for undervalued securities. It invests at least 80 percent of its net assets in securities of small-cap companies, under normal circumstances. It may invest in other investment companies that invest in equity securities.
Royce Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Royce Opportunity. 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 Opportunity 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 Opportunity's important profitability drivers and their relationship over time.
Use Royce Opportunity 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 Opportunity 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 Opportunity will appreciate offsetting losses from the drop in the long position's value.Royce Opportunity Pair Trading
Royce Opportunity Fund Pair Trading Analysis
The ability to find closely correlated positions to Royce Opportunity 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 Opportunity 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 Opportunity - 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 Opportunity Fund to buy it.
The correlation of Royce Opportunity 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 Opportunity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Royce Opportunity 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 Opportunity 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 Opportunity position
In addition to having Royce Opportunity 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?
Run Industrials ETFs Thematic Idea Now
Industrials ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Industrials ETFs theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Industrials ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Royce Mutual Fund
To fully project Royce Opportunity's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Royce Opportunity 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 Opportunity's income statement, its balance sheet, and the statement of cash flows.
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