Nasdaq 100 2x Strategy Fund Market Value
| RYCCX Fund | USD 424.63 1.52 0.36% |
| Symbol | Nasdaq-100(r) |
Nasdaq-100(r) '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 Nasdaq-100(r)'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 Nasdaq-100(r).
| 10/14/2024 |
| 11/13/2024 |
If you would invest 0.00 in Nasdaq-100(r) on October 14, 2024 and sell it all today you would earn a total of 0.00 from holding Nasdaq 100 2x Strategy or generate 0.0% return on investment in Nasdaq-100(r) over 30 days. Nasdaq-100(r) is related to or competes with Nasdaq 100, SCOR PK, Morningstar Unconstrained, Thrivent High, SPACE, Via Renewables, and American Century. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally w... More
Nasdaq-100(r) 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 Nasdaq-100(r)'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 Nasdaq 100 2x Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0887 | |||
| Maximum Drawdown | 11.27 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 4.95 |
Nasdaq-100(r) Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nasdaq-100(r)'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nasdaq-100(r)'s standard deviation. In reality, there are many statistical measures that can use Nasdaq-100(r) historical prices to predict the future Nasdaq-100(r)'s volatility.| Risk Adjusted Performance | 0.1308 | |||
| Jensen Alpha | 0.0207 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0803 | |||
| Treynor Ratio | 0.1685 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nasdaq-100(r)'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.
Nasdaq 100 2x Backtested Returns
Nasdaq-100(r) appears to be very steady, given 3 months investment horizon. Nasdaq 100 2x has Sharpe Ratio of 0.1, which conveys that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nasdaq-100(r), which you can use to evaluate the volatility of the fund. Please exercise Nasdaq-100(r)'s Mean Deviation of 1.67, downside deviation of 2.57, and Risk Adjusted Performance of 0.1308 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 2.17, which conveys 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, Nasdaq-100(r) will likely underperform.
Auto-correlation | -0.01 |
Very weak reverse predictability
Nasdaq 100 2x Strategy has very weak reverse predictability. Overlapping area represents the amount of predictability between Nasdaq-100(r) time series from 14th of October 2024 to 29th of October 2024 and 29th of October 2024 to 13th 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 Nasdaq 100 2x price movement. The serial correlation of -0.01 indicates that just 1.0% of current Nasdaq-100(r) price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 327.64 |
Nasdaq 100 2x lagged returns against current returns
Autocorrelation, which is Nasdaq-100(r) 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 Nasdaq-100(r)'s mutual fund expected returns. We can calculate the autocorrelation of Nasdaq-100(r) returns to help us make a trade decision. For example, suppose you find that Nasdaq-100(r) 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 |
Nasdaq-100(r) 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 Nasdaq-100(r) mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nasdaq-100(r) mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nasdaq-100(r) mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Nasdaq-100(r) Lagged Returns
When evaluating Nasdaq-100(r)'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nasdaq-100(r) mutual fund have on its future price. Nasdaq-100(r) 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, Nasdaq-100(r) autocorrelation shows the relationship between Nasdaq-100(r) mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nasdaq 100 2x Strategy.
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 Nasdaq-100(r) Mutual Fund
Nasdaq-100(r) financial ratios help investors to determine whether Nasdaq-100(r) 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 Nasdaq-100(r) with respect to the benefits of owning Nasdaq-100(r) security.
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