Technology Fund Class Fund Manager Performance Evaluation
| RYCHX Fund | USD 162.70 0.09 0.06% |
The entity has a beta of 1.26, which indicates 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, Technology Fund will likely underperform.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Technology Fund Class are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical indicators, Technology Fund may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more| Expense Ratio Date | 19th of August 2022 | |
| Expense Ratio | 2.4000 |
Technology |
Technology Fund Relative Risk vs. Return Landscape
If you would invest 14,780 in Technology Fund Class on August 15, 2024 and sell it today you would earn a total of 1,490 from holding Technology Fund Class or generate 10.08% return on investment over 90 days. Technology Fund Class is currently producing 0.1582% returns and takes up 1.2759% volatility of returns over 90 trading days. Put another way, 11% of traded mutual funds are less volatile than Technology, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Technology Fund Current Valuation
Overvalued
Today
Please note that Technology Fund's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Technology Fund Class has a current Real Value of $144.8 per share. The regular price of the fund is $162.7. We determine the value of Technology Fund Class from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Technology Fund is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Technology Mutual Fund. However, Technology Fund's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 162.7 | Real 144.8 | Hype 162.7 | Naive 168.73 |
The intrinsic value of Technology Fund's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Technology Fund's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Technology Fund Class helps investors to forecast how Technology mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Technology Fund more accurately as focusing exclusively on Technology Fund's fundamentals will not take into account other important factors: Technology Fund Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology Fund's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Technology Fund Class, and traders can use it to determine the average amount a Technology Fund's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.124
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | RYCHX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.28 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Technology Fund is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Technology Fund by adding it to a well-diversified portfolio.
Technology Fund Fundamentals Growth
Technology Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Technology Fund, and Technology Fund fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Technology Mutual Fund performance.
| Price To Earning | 22.98 X | ||||
| Price To Book | 3.65 X | ||||
| Price To Sales | 2.41 X | ||||
| Total Asset | 2.87 M | ||||
About Technology Fund Performance
Evaluating Technology Fund's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Technology Fund has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Technology Fund has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund invests substantially all of its net assets in equity securities of Technology Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Technology Companies that have small to mid-sized capitalizations. The fund also may purchase American Depositary Receipts to gain exposure to foreign Technology Companies and U.S. government securities.Things to note about Technology Fund Class performance evaluation
Checking the ongoing alerts about Technology Fund for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Technology Fund Class help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Technology Fund's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Technology Fund's mutual fund performance include:- Analyzing Technology Fund's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Technology Fund's stock is overvalued or undervalued compared to its peers.
- Examining Technology Fund's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Technology Fund's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Technology Fund's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Technology Fund's mutual fund. These opinions can provide insight into Technology Fund's potential for growth and whether the stock is currently undervalued or overvalued.
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.
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