Investment Mutual Fund Market Value

RICGX
 Fund
  

USD 45.36  0.04  0.09%   

Investment's market value is the price at which a share of Investment stock trades on a public exchange. It measures the collective expectations of The Investment investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of The Investment and determine expected loss or profit from investing in Investment over a given investment horizon. Additionally, take a look at Investment Correlation, Investment Volatility and Investment Alpha and Beta module to complement your research on Investment.
Symbol

Please note, there is a significant difference between Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine Investment value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Investment '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 Investment'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 Investment.
0.00
06/19/2022
No Change 0.00  0.0 
In 2 months and 1 day
08/18/2022
0.00
If you would invest  0.00  in Investment on June 19, 2022 and sell it all today you would earn a total of 0.00 from holding The Investment or generate 0.0% return on investment in Investment over 60 days. The fund invests primarily in common stocks, most of which have a history of paying dividends More

Investment 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 Investment'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 The Investment upside and downside potential and time the market with a certain degree of confidence.

Investment Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Investment's standard deviation. In reality, there are many statistical measures that can use Investment historical prices to predict the future Investment's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Investment'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. Please use the tools below to analyze the current value of Investment in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
44.0645.4046.74
Details
Intrinsic
Valuation
LowReal ValueHigh
43.3744.7146.05
Details
Naive
Forecast
LowNext ValueHigh
45.2446.5847.92
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
40.5243.2545.98
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Investment. Your research has to be compared to or analyzed against Investment's peers to derive any actionable benefits. When done correctly, Investment's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Investment.

Investment Backtested Returns

We consider Investment very steady. Investment holds Efficiency (Sharpe) Ratio of 0.0831, which attests that the entity had 0.0831% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Investment, which you can use to evaluate the future volatility of the entity. Please check out Investment Market Risk Adjusted Performance of 1.36, downside deviation of 1.49, and Risk Adjusted Performance of 0.1016 to validate if the risk estimate we provide is consistent with the expected return of 0.11%.
The fund retains a Market Volatility (i.e., Beta) of 0.0777, which attests to not very significant fluctuations relative to the market. Let's try to break down what Investment's beta means in this case. As returns on the market increase, Investment returns are expected to increase less than the market. However, during the bear market, the loss on holding Investment will be expected to be smaller as well. Although it is important to respect Investment current price history, it is better to be realistic regarding the information on the equity's current price movements. The philosophy towards determining future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Investment technical indicators, you can presently evaluate if the expected return of 0.11% will be sustainable into the future.

Auto-correlation

    
  -0.12  

Insignificant reverse predictability

The Investment has insignificant reverse predictability. Overlapping area represents the amount of predictability between Investment time series from 19th of June 2022 to 19th of July 2022 and 19th of July 2022 to 18th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Investment price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Investment price fluctuation can be explain by its past prices.
Correlation Coefficient-0.12
Spearman Rank Test-0.06
Residual Average0.0
Price Variance1.18

Investment lagged returns against current returns

Autocorrelation, which is Investment 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 Investment's mutual fund expected returns. We can calculate the autocorrelation of Investment returns to help us make a trade decision. For example, suppose you find that Investment mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Investment 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 Investment mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Investment mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Investment mutual fund over time.
   Current vs Lagged Prices   
Share
       Timeline  

Investment Lagged Returns

When evaluating Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Investment mutual fund have on its future price. Investment 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, Investment autocorrelation shows the relationship between Investment mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Investment.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Investment in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Investment's short interest history, or implied volatility extrapolated from Investment options trading.

Currently Active Assets on Macroaxis

Additionally, take a look at Investment Correlation, Investment Volatility and Investment Alpha and Beta module to complement your research on Investment. Note that the Investment information on this page should be used as a complementary analysis to other Investment's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Investment Mutual Fund analysis

When running Investment price analysis, check to measure Investment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Investment is operating at the current time. Most of Investment's value examination focuses on studying past and present price action to predict the probability of Investment's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Investment's price. Additionally, you may evaluate how the addition of Investment to your portfolios can decrease your overall portfolio volatility.
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Investment technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Investment technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Investment trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...