Rbc Dactions Mondiales Fund Market Value
| 0P00012DD2 | 26.14 0.15 0.57% |
| Symbol | RBC |
RBC Dactions '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 Dactions' 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 Dactions.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in RBC Dactions on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding RBC dactions mondiales or generate 0.0% return on investment in RBC Dactions over 360 days.
RBC Dactions 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 Dactions' 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 dactions mondiales upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6296 | |||
| Information Ratio | 8.0E-4 | |||
| Maximum Drawdown | 3.02 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 1.17 |
RBC Dactions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RBC Dactions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RBC Dactions' standard deviation. In reality, there are many statistical measures that can use RBC Dactions historical prices to predict the future RBC Dactions' volatility.| Risk Adjusted Performance | 0.1521 | |||
| Jensen Alpha | 0.0805 | |||
| Total Risk Alpha | 0.013 | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | 0.3431 |
RBC dactions mondiales Backtested Returns
At this point, RBC Dactions is very steady. RBC dactions mondiales retains Efficiency (Sharpe Ratio) of 0.22, which implies the fund had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for RBC Dactions, which you can use to evaluate the volatility of the entity. Please check RBC Dactions' semi deviation of 0.4025, and Market Risk Adjusted Performance of 0.3531 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 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RBC Dactions' returns are expected to increase less than the market. However, during the bear market, the loss of holding RBC Dactions is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
RBC dactions mondiales has good predictability. Overlapping area represents the amount of predictability between RBC Dactions 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 dactions mondiales price movement. The serial correlation of 0.69 indicates that around 69.0% of current RBC Dactions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
RBC dactions mondiales lagged returns against current returns
Autocorrelation, which is RBC Dactions 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 Dactions' fund expected returns. We can calculate the autocorrelation of RBC Dactions returns to help us make a trade decision. For example, suppose you find that RBC Dactions 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 Dactions 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 Dactions fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RBC Dactions fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RBC Dactions fund over time.
Current vs Lagged Prices |
| Timeline |
RBC Dactions Lagged Returns
When evaluating RBC Dactions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RBC Dactions fund have on its future price. RBC Dactions 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 Dactions autocorrelation shows the relationship between RBC Dactions fund current value and its past values and can show if there is a momentum factor associated with investing in RBC dactions mondiales.
Regressed Prices |
| Timeline |
Pair Trading with RBC Dactions
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 Dactions 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 Dactions will appreciate offsetting losses from the drop in the long position's value.Moving together with RBC Fund
| 0.96 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.96 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.89 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.88 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
| 1.0 | 0P00012UCU | RBC Global Equity | PairCorr |
The ability to find closely correlated positions to RBC Dactions 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 Dactions 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 Dactions - 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 dactions mondiales to buy it.
The correlation of RBC Dactions 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 Dactions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC dactions mondiales 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 Dactions 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.| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
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