Rbc Select Balanced Fund Market Value
| 0P0000706A | CAD 35.18 0.02 0.06% |
| Symbol | RBC |
RBC Select '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 RBC Select's 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 RBC Select.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in RBC Select on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding RBC Select Balanced or generate 0.0% return on investment in RBC Select over 540 days. RBC Select is related to or competes with IShares Canadian, PHN Multi, Altagas Cum, and EcoSynthetix. To provide long-term capital growth, with a secondary focus on modest income, by investing primarily in funds managed by... More
RBC Select 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 RBC Select's 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 RBC Select Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3389 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.58 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.6926 |
RBC Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC Select's standard deviation. In reality, there are many statistical measures that can use RBC Select historical prices to predict the future RBC Select's volatility.| Risk Adjusted Performance | 0.1207 | |||
| Jensen Alpha | 0.0421 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.6721 |
RBC Select Balanced Backtested Returns
At this point, RBC Select is very steady. RBC Select Balanced retains Efficiency (Sharpe Ratio) of 0.23, which implies the fund had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for RBC Select, which you can use to evaluate the volatility of the entity. Please check RBC Select's market risk adjusted performance of 0.6821, and Semi Deviation of 0.1522 to confirm if the risk estimate we provide is consistent with the expected return of 0.0803%. The entity owns a Beta (Systematic Risk) of 0.0756, which implies not very significant fluctuations relative to the market. As returns on the market increase, RBC Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding RBC Select is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
RBC Select Balanced has modest predictability. Overlapping area represents the amount of predictability between RBC Select time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 RBC Select Balanced price movement. The serial correlation of 0.54 indicates that about 54.0% of current RBC Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
RBC Select Balanced lagged returns against current returns
Autocorrelation, which is RBC Select 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 RBC Select's fund expected returns. We can calculate the autocorrelation of RBC Select returns to help us make a trade decision. For example, suppose you find that RBC Select has exhibited high autocorrelation historically, and you observe that the 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 |
RBC Select 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 RBC Select fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC Select fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC Select fund over time.
Current vs Lagged Prices |
| Timeline |
RBC Select Lagged Returns
When evaluating RBC Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC Select fund have on its future price. RBC Select 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, RBC Select autocorrelation shows the relationship between RBC Select fund current value and its past values and can show if there is a momentum factor associated with investing in RBC Select Balanced.
Regressed Prices |
| Timeline |
Pair Trading with RBC Select
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RBC Select position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RBC Select will appreciate offsetting losses from the drop in the long position's value.Moving together with RBC Fund
| 0.93 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
| 0.79 | 0P0000714D | Mawer Balanced | PairCorr |
The ability to find closely correlated positions to RBC Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC Select when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RBC Select - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RBC Select Balanced to buy it.
The correlation of RBC Select is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RBC Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Select Balanced moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RBC Select can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in RBC Fund
RBC Select financial ratios help investors to determine whether RBC 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 RBC with respect to the benefits of owning RBC Select security.
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