Rbc Global Technology Fund Market Value
| 0P0000733H | CAD 17.39 0.01 0.06% |
| Symbol | RBC |
RBC Global '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 Global'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 Global.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in RBC Global on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding RBC Global Technology or generate 0.0% return on investment in RBC Global over 360 days. RBC Global is related to or competes with CI Signature, and Fidelity Technology. To provide long-term capital growth by investing in equity securities of companies around the world in the Information T... More
RBC Global 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 Global'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 Global Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0091 | |||
| Maximum Drawdown | 5.54 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.98 |
RBC Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC Global's standard deviation. In reality, there are many statistical measures that can use RBC Global historical prices to predict the future RBC Global's volatility.| Risk Adjusted Performance | 0.1011 | |||
| Jensen Alpha | 0.0838 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0085 | |||
| Treynor Ratio | 0.3244 |
RBC Global Technology Backtested Returns
RBC Global appears to be very steady, given 3 months investment horizon. RBC Global Technology retains Efficiency (Sharpe Ratio) of 0.2, which implies the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for RBC Global, which you can use to evaluate the volatility of the entity. Please evaluate RBC Global's market risk adjusted performance of 0.3344, and Semi Deviation of 1.03 to confirm if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of 0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RBC Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding RBC Global is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
RBC Global Technology has weak predictability. Overlapping area represents the amount of predictability between RBC Global time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Global Technology price movement. The serial correlation of 0.2 indicates that over 20.0% of current RBC Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
RBC Global Technology lagged returns against current returns
Autocorrelation, which is RBC Global 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 Global's fund expected returns. We can calculate the autocorrelation of RBC Global returns to help us make a trade decision. For example, suppose you find that RBC Global 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 Global 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 Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC Global fund over time.
Current vs Lagged Prices |
| Timeline |
RBC Global Lagged Returns
When evaluating RBC Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC Global fund have on its future price. RBC Global 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 Global autocorrelation shows the relationship between RBC Global fund current value and its past values and can show if there is a momentum factor associated with investing in RBC Global Technology.
Regressed Prices |
| Timeline |
Pair Trading with RBC Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with RBC Fund
| 0.97 | 0P0001FKWD | CI Signature Cat | PairCorr |
| 0.97 | 0P0001AAKP | CI Signature Cat | PairCorr |
| 0.97 | 0P000070HA | CI Global Alpha | PairCorr |
| 0.97 | 0P000070JI | Fidelity Technology | PairCorr |
Moving against RBC Fund
| 0.83 | 0P000070H9 | CI Global Health | PairCorr |
The ability to find closely correlated positions to RBC Global 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 Global 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 Global - 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 Global Technology to buy it.
The correlation of RBC Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Global Technology 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 Global 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 Global 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 Global security.
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