Technology Fund Class Fund Market Value
| RYCHX Fund | USD 162.09 0.50 0.31% |
| Symbol | Technology |
Technology 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 Technology 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 Technology Fund.
| 10/11/2024 |
| 11/10/2024 |
If you would invest 0.00 in Technology Fund on October 11, 2024 and sell it all today you would earn a total of 0.00 from holding Technology Fund Class or generate 0.0% return on investment in Technology Fund over 30 days. Technology Fund is related to or competes with Baron Health, Eventide Healthcare, Allianzgi Health, Prudential Health, Alger Health, Blackrock Health, and Baillie Gifford. Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Technology Comp... More
Technology 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 Technology 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 Technology Fund Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.0503 | |||
| Maximum Drawdown | 6.81 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.64 |
Technology Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technology Fund's standard deviation. In reality, there are many statistical measures that can use Technology Fund historical prices to predict the future Technology Fund's volatility.| Risk Adjusted Performance | 0.1375 | |||
| Jensen Alpha | 0.2193 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0444 | |||
| Treynor Ratio | 5.74 |
Technology Fund Class Backtested Returns
Technology Fund appears to be very steady, given 3 months investment horizon. Technology Fund Class owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Technology Fund Class, which you can use to evaluate the volatility of the fund. Please review Technology Fund's Coefficient Of Variation of 569.73, risk adjusted performance of 0.1375, and Semi Deviation of 1.14 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.0393, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Technology Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Technology Fund is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
Technology Fund Class has modest reverse predictability. Overlapping area represents the amount of predictability between Technology Fund time series from 11th of October 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Technology Fund Class price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Technology Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 15.64 |
Technology Fund Class lagged returns against current returns
Autocorrelation, which is Technology 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 Technology Fund's mutual fund expected returns. We can calculate the autocorrelation of Technology Fund returns to help us make a trade decision. For example, suppose you find that Technology 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 |
Technology 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 Technology Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Technology 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 Technology Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Technology Fund Lagged Returns
When evaluating Technology Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Technology Fund mutual fund have on its future price. Technology 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, Technology Fund autocorrelation shows the relationship between Technology Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Technology Fund Class.
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 Technology Mutual Fund
Technology Fund financial ratios help investors to determine whether Technology 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 Technology with respect to the benefits of owning Technology Fund security.
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |