Rbc Dividend Fund Market Value
| 0P000077P2 | CAD 43.33 0.03 0.07% |
| Symbol | RBC |
RBC Dividend '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 Dividend'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 Dividend.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in RBC Dividend on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding RBC Dividend or generate 0.0% return on investment in RBC Dividend over 360 days. RBC Dividend is related to or competes with IShares Canadian, PHN Multi, Altagas Cum, and EcoSynthetix. To achieve long-term capital growth and regular dividend income by investing primarily in common and preferred securitie... More
RBC Dividend 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 Dividend'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 Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5483 | |||
| Information Ratio | 9.0E-4 | |||
| Maximum Drawdown | 3.89 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 1.09 |
RBC Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC Dividend's standard deviation. In reality, there are many statistical measures that can use RBC Dividend historical prices to predict the future RBC Dividend's volatility.| Risk Adjusted Performance | 0.1603 | |||
| Jensen Alpha | 0.0752 | |||
| Total Risk Alpha | 0.0194 | |||
| Sortino Ratio | 0.001 | |||
| Treynor Ratio | 0.3086 |
RBC Dividend Backtested Returns
At this point, RBC Dividend is very steady. RBC Dividend retains Efficiency (Sharpe Ratio) of 0.24, which implies the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for RBC Dividend, which you can use to evaluate the volatility of the entity. Please check RBC Dividend's market risk adjusted performance of 0.3186, and Semi Deviation of 0.2713 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The entity owns a Beta (Systematic Risk) of 0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RBC Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding RBC Dividend is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
RBC Dividend has good predictability. Overlapping area represents the amount of predictability between RBC Dividend 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 Dividend price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current RBC Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.86 |
RBC Dividend lagged returns against current returns
Autocorrelation, which is RBC Dividend 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 Dividend's fund expected returns. We can calculate the autocorrelation of RBC Dividend returns to help us make a trade decision. For example, suppose you find that RBC Dividend 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 Dividend 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 Dividend fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC Dividend fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC Dividend fund over time.
Current vs Lagged Prices |
| Timeline |
RBC Dividend Lagged Returns
When evaluating RBC Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC Dividend fund have on its future price. RBC Dividend 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 Dividend autocorrelation shows the relationship between RBC Dividend fund current value and its past values and can show if there is a momentum factor associated with investing in RBC Dividend.
Regressed Prices |
| Timeline |
Pair Trading with RBC Dividend
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 Dividend 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 Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with RBC Fund
| 1.0 | 0P0000OXA6 | PHN Multi Style | PairCorr |
| 0.96 | 0P0000716B | Mawer Equity A | PairCorr |
| 0.98 | 0P000071W8 | TD Index Fund | PairCorr |
The ability to find closely correlated positions to RBC Dividend 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 Dividend 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 Dividend - 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 Dividend to buy it.
The correlation of RBC Dividend 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 Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Dividend 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 Dividend 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 Dividend 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 Dividend security.
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