Leisure Fund Investor Fund Market Value
| RYLIX Fund | USD 79.29 0.66 0.84% |
| Symbol | Leisure |
Leisure Fund '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 Leisure Fund'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 Leisure Fund.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Leisure Fund on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Leisure Fund Investor or generate 0.0% return on investment in Leisure Fund over 90 days. Leisure Fund is related to or competes with Amer Sports, International Paper, J Long, Marshall Ilsley, O I, Virco Manufacturing, and Energy Focu. Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Leisure Compani... More
Leisure Fund 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 Leisure Fund'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 Leisure Fund Investor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8863 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.09 |
Leisure Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leisure Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leisure Fund's standard deviation. In reality, there are many statistical measures that can use Leisure Fund historical prices to predict the future Leisure Fund's volatility.| Risk Adjusted Performance | 0.03 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0235 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leisure Fund'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.
Leisure Fund Investor Backtested Returns
We consider Leisure Fund very steady. Leisure Fund Investor has Sharpe Ratio of 0.002, which conveys that the entity had a 0.002% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Leisure Fund, which you can use to evaluate the volatility of the fund. Please verify Leisure Fund's Downside Deviation of 0.8863, mean deviation of 0.6337, and Risk Adjusted Performance of 0.03 to check out if the risk estimate we provide is consistent with the expected return of 0.0016%. The fund secures a Beta (Market Risk) of 1.11, which conveys a somewhat significant risk relative to the market. Leisure Fund returns are very sensitive to returns on the market. As the market goes up or down, Leisure Fund is expected to follow.
Auto-correlation | -0.65 |
Very good reverse predictability
Leisure Fund Investor has very good reverse predictability. Overlapping area represents the amount of predictability between Leisure Fund time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th of April 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 Leisure Fund Investor price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Leisure Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 2.29 |
Leisure Fund Investor lagged returns against current returns
Autocorrelation, which is Leisure Fund 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 Leisure Fund's mutual fund expected returns. We can calculate the autocorrelation of Leisure Fund returns to help us make a trade decision. For example, suppose you find that Leisure Fund 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 |
Leisure Fund 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 Leisure Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leisure Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leisure Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Leisure Fund Lagged Returns
When evaluating Leisure Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leisure Fund mutual fund have on its future price. Leisure Fund 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, Leisure Fund autocorrelation shows the relationship between Leisure Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Leisure Fund Investor.
Regressed Prices |
| 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 Leisure Fund 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, Leisure Fund's short interest history, or implied volatility extrapolated from Leisure Fund options trading.
Currently Active Assets on Macroaxis
Check out Leisure Fund Correlation, Leisure Fund Volatility and Leisure Fund Alpha and Beta module to complement your research on Leisure Fund. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Leisure Fund 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.